AZUKI

Chiru Labs, the Web3 startup behind popular Ethereum NFT collection Azuki, is set to extend the project with the release of 20,000 new NFTs on Tuesday, the company announced. The new collection, Azuki Elementals, will expand the universe of the original anime-themed project with additional profile picture s(PFPs).

The 10,000 existing Azuki NFT owners have already been airdropped a token for one of the Elementals, leaving half of the supply for the public sale. At the "Follow the Rabbit" community event in Las Vegas on Friday, Azuki holders were surprised with the airdrop of Elementals, but the art has yet to be revealed.

Remaining Elementals will go on sale Tuesday at 9:20 am PST via a Dutch auction, at a starting price of 2 ETH (about $3,750) apiece, with the price dropping every 5 minutes until the supply is depleted. The price of the final NFT sale will ultimately be the price that everyone pays, and earlier buyers will be refunded the difference.