Azuki founder revealed himself? what exactly happened this morning

In the early morning of May 10th, Beijing time, ZAGABOND.ETH, the founder of Azuki, published an autograph titled “A Builder’s Journey”, introducing his career in the NFT field and changes in his mentality. Stressed his and the entire Azuki team’s firm belief in the project itself and the development of Web 3.0.

Azuki founder revealed himself?  what exactly happened this morning

Surprisingly, ZAGABOND.ETH disclosed for the first time in the article that it had created three other NFT projects in the past-CryptoPhunks, Tendies, CryptoZunks, and summed up different lessons from these three “failures”. , and finally integrate all the experiences and reflections, and brewed up the Azuki today.

Azuki founder revealed himself?  what exactly happened this morning

Odaily Planet Daily Note: ZAGABOND.ETH says it has learned different things in the past three projects.

Although in ZAGABOND.ETH’s mouth, these three projects are integral to the growth of his personal abilities and Azuki’s future success, the community obviously does not interpret it so simply. In the opinion of a considerable number of community members, due to the unsatisfactory market performance of CryptoPhunks, Tendies, and CryptoZunks in the past, this disclosure of ZAGABOND.ETH is like a personal admission that it has participated in three rug projects in the past year, For example, Soby, co-founder of Ex Populus, tweeted: “So Azuki founder is admitting that he created and abandoned three projects in the past year?” 

Azuki founder revealed himself?  what exactly happened this morning

The criticism from the community was quickly passed on to the secondary market. After ZAGABOND.ETH’s handwritten article was published, Azuki’s floor price dropped to 10 ETH, and as of 10:00, it was temporarily quoted at 13.46 ETH, and BEANZ’s floor price had fallen. to 1.93 ETH. Although it is undeniable that the drop in the Azuki floor price is also related to the overall decline in the market, the article by ZAGABOND.ETH is obviously one of the key reasons for the horizontal comparison of the decline of other NFT blue-chip projects.

Azuki founder revealed himself?  what exactly happened this morning

Odaily Planet Daily Note: The decline performance of Azuki and BEANZ (Something) on ​​Flip.finance compared with other projects, the platform data has a certain delay compared with OpenSea, but it can roughly reflect the current market conditions. 

So, why did ZAGABOND.ETH send a message to FUD its own project at this point in time? This is also the biggest confusion in the community right now. As the founder of a major NFT project, ZAGABOND.ETH should not be so “stupid”, even if it is well-modified in terms of speech, such a heavy disclosure will inevitably lead to widespread controversy.

Regarding this, Hustler, a well-known KOL in the NFT field, gave the answer (unconfirmed). Hustler said that the reason why ZAGABOND.ETH suddenly published the article was because there were rumors that the Cool Cats team was about to open up its past project history, so ZAGABOND.ETH had to choose to “expose it” immediately, after all, the words he said would be more popular Control, the impact will be relatively small.

Azuki founder revealed himself?  what exactly happened this morning

Back on Azuki’s side, ZAGABOND.ETH’s last response, as of posting, was: ” We’ve delivered on all our promises. Do I wish they (CryptoPhunks, Tendies, CryptoZunks) were more successful? Of course. don’t match, but that doesn’t mean they’re rugs.”

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/azuki-founder-revealed-himself-what-exactly-happened-this-morning/
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