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Dear country without banks
AZUKI’s third NFT collection, AZUKI Elementals, was minted at 2 ETH each.
Creator Chiru Labs has raised over $38 million from this drop.
The collection is in great demand and this is leading to a big trading day for these NFTs.
So what if you want to track actions and make trades in the midst of this kind of initial activity chaos?
In today’s post, let’s use the Azuki Elemental drop as an example of how to make sense of the release of such a massive new collection.
-WMP
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First of all, it’s important to understand the basics of the new collection. With so many scammers before, during, and after high-profile NFT drops, it’s important to double-check that you’re getting your information off the net. authoritative communication channel.
For example, the Azuki team recently published on Twitter, security tips, Mint’s scheduleand the Public and unpublished OpenSea pages For new Elementals releases. These resources will get you up and running in no time. If you exceed these, please be careful about impersonating an AZUKI account/AZUKI team member and using comments to try to lure victims into fake mints.
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After the presale began, the Elementals collection was minted within minutes.
You didn’t participate in the primary sale because you don’t own any Azuki or Beanz NFTs, but you want to track the action in the secondary market. For now, we recommend moving to more advanced trading platforms such as: open sea pro.
why? Because something like OpenSea Pro not only has great analytics resources to rely on, but it’s also a marketplace aggregator in its own right. That way, if you find a listing that interests you later, you can still trade directly from the same hub you’re analyzing.
Double check that you are visiting the correct collection page, as fake look-alike collections can cause confusion in the NFT Marketplace search bar in the immediate aftermath of a large mint. For reference, the official OpenSea Pro page is: Azuki Elemental Beans (unpublished) and Azuki Elemental (clearly).
Some collections take days to publish art/metadata, others only minutes.Many people are watching the frenzy of secondary trading Before Their disclosure will take place, but in the case of Azuki Elementals, the deal is just beginning rear The exposure has begun. This is another important lesson here. All projects have their own nuances to track.
On a great mint day like today, it’s also worth zooming out and tracking how a part of you is doing. other Your collection of favorites or goals is on track. For example, the floor prices of many top NFT projects are currently dropping as a small number of holders were sold to participate in the Elementals drop.
That being said, you are probably please do not You may get an elemental today, but you do Find some bargains elsewhere in the collection we’ve been tracking for a while already. Zoom out to at least see what’s around you.
The chart above shows the historical low price data for Beanz, which fell in April 2022 as the second collection in the Azuki ecosystem. In secondary trading, we can see that the lowest price of Beanz peaked at 5 ETH shortly after minting and then traded at a maximum of 1.5 ETH or less.
The Beanz price drop caused a lot of excitement, and the floor price temporarily soared to 5 ETH as many people immediately tried to rush into the collection. However, I could have waited a month or so after the drop and bought more than three times cheaper.
Then you would think the same would happen with today’s release of Elementals? Well, no, at least not for now. At the time of this writing, Elementals’ art had just been published and the starting price had dropped rapidly. 2 ETH below mint price People seem to be unhappy that the Elemental looks the same as the first generation Azuki. In other words, you should also expect the unexpected instead of rushing to make a deal.
Market activity is thrown into chaos when trading opens for such a large drop. To orient yourself in this surge, keep these things in mind:
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total supply (Number of NFTs in collection)
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Current Floor Offer (Highest bid in ETH for one of the NFTs)
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lowest current price (ONE lowest price for NFT)
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Creator fee (Loyalty percentage for each secondary sale transaction)
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24 hour volume (Amount of ETH traded in the last day)
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Posted item (Number of NFTs offered out of total supply)
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unique holder (Number of unique wallets holding at least one NFT)
In OpenSea Pro, most of these statistics can be found on the collection’s main page, and others can be found on the collection’s[分析]Just click the tab to find it. The ‘Market’ and ‘Activity’ tabs also help you visualize your recent and subsequent sales activity.
Also remember that at this point you can also start exploring the “traits” metadata to understand the rarity dynamics of your collection. For elementals, it will take time for these dynamics to be fully understood, as rarity rankings will be incomplete as long as there are undisclosed Azuki Elemental Beans left to convert to elementals. At the time of this writing, only 2,000 of the +18,700 were converted.
Another hotly anticipated anime collection coming later this week — ether — It’s going down. I don’t think it will reach elemental levels of hype, but it will offer another opportunity to track and possibly trade a brand new high profile collection. Using the basics outlined in this article will help you prepare for this drop and many more in the future. Don’t force things or rush things too quickly. Simply plan, track your actions, and act accordingly once you reach your target price.
William M. Peester is the creator of metaversal — Bankless newsletter focused on the emergence of NFTs in the crypto economy. He is also a senior writer for Bankless’s flagship newsletter.
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