By the end of 2021, NFTs had become extremely popular, and some collections achieved substantial valuations. However, now the base prices have hit rock bottom. It has become increasingly challenging for NFT ventures to stay afloat in the harsh bear market environment. Azuki, one of these projects, has suffered further losses due to its recent announcement. Azuki Admitted its Mistake The NFT project Azuki acknowledged the mistake it made during the launch of its Elementals collection. It has committed to taking necessary steps to regain the trust of its community. The launch, two days ago, faced backlash due to the sale of pieces similar to the previous collection. In response to community criticism that the new Elementals NFTs were too similar to the original collection, causing harm, the team admitted they “missed the mark” and promised to improve their communication and implementation to regain trust. Azuki accepted that the minting […]
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