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Cryptocurrency News Articles
Blue-chip Azuki Taps Magic Eden To Create NFT Hoodies
May 23, 2024 at 10:09 pm
Chiru Labs, the digital asset incubation studio and the parent company behind the Azuki non-fungible token collection, has teamed up with Magic Eden
digital asset incubation studio and the parent company behind the Azuki non-fungible token collection, Chiru Labs, has partnered with Magic Eden, a multi-chain NFT marketplace, to launch tokenized Satoshi Nakamoto Hoodies. The Azuki phygital NFT hoodies will be launched on Ethereum and Bitcoin.
Blue-chip Azuki Taps Magic Eden To Create NFT Hoodies
Azuki creator Chiru Labs announced a new partnership with Magic Eden to roll out a physical-backed token on Bitcoin and Ethereum blockchain networks, in a May 22 blog post. The Azuki x Satoshi Nakamoto Enduro Hoodie will feature a unique dual-chain NFT that will exist simultaneously on both BTC and ETH.
We’re bringing the Physical Backed Token (PBT) to Bitcoin.
The Azuki x SATOSHI NAKAMOTO Enduro Hoodie will feature a unique dual-chain NFT, existing simultaneously on both BTC and ETH, developed in collaboration with @MagicEden. pic.twitter.com/38gSCHTiPd
— Azuki (@Azuki) May 22, 2024
Chiru Labs, founded in 2021, is a Web3 studio that aims to shape the future of storytelling. At the intersection of art, technology, and community, the web3 studio builds digital products. The company is also a trailblazer in the exciting world of NFTs, merging the realms of digital art and blockchain technology.
Chiru Labs is also the team behind some popular NFT collections, including Azuki, a collection that features a limited edition of 10,000 anime-themed NFTs; Azuki Elemental, a collection with a limited set of 20,000 NFTs; and Beanz, a collection with a limited supply of 19,950 Ethereum NFTs.
On the other hand, Magic Eden is a leading multi-chain NFT marketplace that supports NFTs on Solana, Ethereum, Polygon, and Bitcoin. Currently, it is the largest and best-known NFT marketplace on the Solana network, where it was originally launched. The platform enables users to create, buy, sell, and collect NFTs.
An Overview Of The Azuki x Satoshi Nakamoto NFT Hoodies
Under the new integration, Azuki and Magic Eden will be able to leverage their functionalities and experience to create the Azuki x Satoshi Nakamoto hoodies. The Azuki x Satoshi Nakamoto Enduro Hoodie collection will feature a limited edition of 98 hoodies with a unique dual-chain NFT, existing simultaneously on BTC and ETH.
Behind The Beans: Azuki x SATOSHI NAKAMOTO pic.twitter.com/ya9JMHl5qR
— Azuki (@Azuki) May 23, 2024
The Azuki x Satoshi Nakamoto Enduro Hoodie is a Physical-Backed Token (PBT, EIP-5791), which means that owning this NFT will be proof that you own one of the 98 hoodies. Each hoodie requires decentralized on-chain verification, flexing of off-chain ownership, and signature from a physical chip embedded inside the hoodie for any transfer.
Meanwhile, the Azuki floor price has reacted slightly to the recent bullish development. According to data compiled by CoinGecko.com, an on-chain crypto market aggregator and a multi-chain NFT explorer, the Azuki floor price increased from 4.49 ETH in early May 22 to 4.64 ETH shortly after the announcement. The Azuki floor price is consolidating around 4.42 ETH at the time of writing.
Related NFT News:
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