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Home»ADOPTION NEWS»Azuki’s Animation Token Will Surpass Market Capitalization One Day After Launch
ADOPTION NEWS

Azuki’s Animation Token Will Surpass Market Capitalization One Day After Launch

By Crypto FlexsJanuary 24, 20252 Mins Read
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Azuki’s Animation Token Will Surpass Market Capitalization One Day After Launch
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AnimeCoin, the new token powering the Azuki NFT project’s ecosystem, gained a market capitalization of over $350 million just one day after launch.

According to CoinmarketCap, with a current trading hand of $0.063, the animation has a fully diluted value (FDV) of approximately $660 million with approximately 55.3 billion tokens.

The animation launched on January 23rd with a total of 10 billion tokens. According to the project’s Tokenomics Page, 37.5% of the tokens will go to the Azuki community with an additional 13% set to be managed by Anime holders through “community farming” through a future DAO.

The Azuki Foundation will receive 24.44% of the tokens, with approximately 25% split between the Azuki Company, early donors, and its partner community, including Hyperliquid’s Hype Stakers, Kaito Yappers, and the Arbitrum community. These tokens will be unlocked over a three-year period with a one-year cliffhanger for early contributors, advisors, and Azuki employees.

AnimeCoin is part of the animation-based Web3 network being built by Azuki and the Arbitrum Foundation. Upcoming launches include AnimeChain, a layer 3 network built using Arbitrum’s orbital technology that will use AnimeCoin as its gas token.

The Azuki NFT project, launched by Chiru Labs in 2022, includes digital artwork of 10,000 anime-inspired figures. The project is one of the most popular NFT collections by weekly trading volume, with blocks worth $336 million between January 12 and January 19, the data dashboard shows.

Chiru Labs has also launched a virtual world on the Azuki ecosystem called Hilumia in January 2023, a block previously reported.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Poresight Ventures is the majority investor in the block. Forecast Ventures invests in other companies in the crypto space. Crypto Exchange Bitget is the Anchor LP of Prediction Ventures. The block continues to operate independently to provide objective, impactful and timely information about the crypto industry. Below are our current financial disclosures.

© 2024 Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial, or other advice.

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