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.
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