The founder of Azuki revealed himself? what happened this morning

In the early morning of May 10th, Beijing time, Azuki founder ZAGABOND. ETHpublished an autographed article titled "A Builder's Journey", introducing his career history and changes in the NFT field. He emphasized the firm belief of himself and the entire Azuki team in the project itself and the development of Web3.0.

Surprisingly, ZAGABOND.ETH disclosed for the first time in the article that it had created three other NFT projects in the past - CryptoPhunks, Tendies, and CryptoZunks, and summarized different lessons from these three "failures" , In the end, all the experience and reflections were integrated, accumulated over time and brewed to produce today's Azuki.

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

Although according to ZAGABOND.ETH, these three projects are indispensable for his personal growth and Azuki's future success, the community obviously will not interpret it so simply. In the eyes of a considerable number of community members, due to the unsatisfactory market performance of CryptoPhunks, Tendies, and CryptoZunks in the past, the disclosure of ZAGABOND.ETH is almost like admitting that it has participated in three rug projects in the past year. For example, Soby, the co-founder of Ex Populus, tweeted and questioned: "So the founder of Azuki is admitting that he created and abandoned three projects in the past year?"

The criticism from the community quickly spread to the secondary market. After ZAGABOND.ETH’s handwritten article was published, the floor price of Azuki once dropped to 10 ETH. As of 10:00, it was temporarily reported at 13.46 ETH, while the floor price of BEANZ had dropped. to 1.93 ETH. Although it is undeniable that the drop in Azuki's floor price is also related to the overall decline in the market, comparing the decline of other NFT blue-chip projects horizontally, the ZAGABOND.ETH article is obviously one of the key reasons.

Note from Odaily Planet Daily: The 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 post an article to FUD its own project at this point in time? This is also the biggest doubt in the community at present. As the founder of a major NFT project, ZAGABOND.ETH should not be so "stupid". Even if it is well-decorated in speech, such a heavy disclosure will inevitably cause widespread controversy.

Regarding this point, Hustler, a well-known KOL in the NFT field, gave an answer (unconfirmed). Hustler said that the reason why ZAGABOND.ETH suddenly published an article was because there were rumors that the Cool Cats team was about to reveal its past project history, so ZAGABOND.ETH had to choose to "exposure itself" immediately, after all, what it said would be more popular. control, the impact will be relatively smaller.

Back to Azuki, as of posting, the last response left by ZAGABOND.ETH is: " We fulfilled all our promises. Do I hope they (CryptoPhunks, Tendies, CryptoZunks) are more successful? Of course. In the end, products and markets They don't match, but that doesn't mean they're rugs."