Founded
2021
LIVE
Market Cap
$308.25 Million

Nov 15, 2021

First tweet

Start of Twitter and Discord communication.

Jan 06, 2022

Saving transaction fees for the NFT space

Chiru Labs created ERC721A – a more cost-effective smart contract for minting NFTs. This happened when Ethereum transaction fees (gas) in the market soared, causing minting costs to reach up to hundreds of dollars.

ERC721A has since then become a standard contract for any NFT project that seeks to save gas, with over 2K Github stars and adoption from major projects in the space like @doodles and @RTFKT

Jan 12, 2022

Azuki $31 million sale

Azuki sold out $29 million within 3 minutes of their public sale. The next day, the private whitelist sale generated another $2 million. This brought the total mint revenue to around $31 million for the team.

The public sale was priced at 1 ETH (around $3,400 at the time) with 8,700 NFTs up for sale. The private sale was priced at 0.5 ETH where another 1,100 NFTs were up for grab.

The remaining 200 of the 10,000 collection is held by the team for developing the IP, marketing, and partnerships.

Mar 06, 2022

Democratizing governance of Bobu

Bobu, one of the main characters in the Azuki universe, was fractionalized into 50,000 single NFTs. Each Bobu NFT fraction represents one vote.

This distributes the decision power of ‘transfer, sell, and governance’ of Bobu into the hands of the community – a demonstration of decentralized IP in the web3 philosophy.

Mar 30, 2022

LA Garden Party

The Azuki team hosts a “garden party” in Los Angeles, accessible only to Azuki holders (+1 guest).

Free food, free drinks, and Wiz Khalifa performed as a guest.

Mar 31, 2022

BEANZ Airdrop

Zagabond announced during the LA party that every Azuki holder was airdropped two “mystery boxes”.

These boxes later turned out to be “BEANZ“, the new Azuki companion collection.

Apr 16, 2022

Bobu is the first NFT to go to space

Chiru Labs sends 2,000 Bobu Tokens (~$1M) into the International Space Station via a Ledger wallet for 31 days.

This marketing initiative came from a partnership with a student-run research project from the Grand Canyon University.

May 9, 2022

Zagabond’s controversial past of abandoning NFT projects

After rumours spring up that one of the Azuki founders, Zagabond, abandoned multiple NFT projects, he posts a long-form blogpost providing background on his past ventures. Many community members see this as a non-apology.

Find more details here.

May 21, 2022

Tiger Jacket Airdrop

Every Azuki holder receives a digital jacket token – redeemable for a physical, reversible bomber-jacket.

Jul 22, 2022

“Enter the Alley” Experience In NYC and Zagabond doxxing event

Azuki hosts a two-night and day event in Chelsea Market, celebrating Street-Art, -Fashion, -Food, and Music.

American Rapper Lupe Fiasco performed on the second night in New York City.

Zagabond revealed his true identity in public for the first time.

Oct 17, 2022

$2.5 Million “Physical Backed Token” Skateboard Auction

Chiru Labs introduces their newest technology – the “Physical Backed Token” (short PBT). 8 gold-plated skateboards using the token are auctioned off for an average price of $309,000.

Nov 7, 2022

$1 Million Azuki x AMBUSH® Merch Drop

Merch collaboration with Streetwear brand AMBUSH® further utilizing the PBT technology. Hoodies cost $575, Necklaces $425. A total of 720 tokens were redeemed.

Nov 17, 2022

RedBull Racing And Bybit Partnership

Azuki partners with Red Bull Racing and Bybit to put the first-ever NFT character on a Formula 1 car.

According to Bybit, putting the Azuki on the race car was for free.

Jan 18, 2023

Bilibili Partnership

The team partnered up with major media platform Bilibili – the YouTube equivalent in China.

Jan 27, 2023

Azuki Twitter Hackers Stole $758K

Two weeks after Azuki announced their mysterious metaverse city Hilumia, a hacker group took advantage of the hype and broke into the Azuki Twitter account.

The scammers deployed a malicious smart contract via a tweet about a fake land sale – baiting victims and stealing $758.576.68 USD worth of assets. The Azuki team regained control of their accounts after 4 hours.

Find more details here.

This one's for free!

Our next reports will be published exclusively for members. Join our email list to be notified as soon as we release new content!

Join the BLOCKBRAIN Research Newsletter

Disclaimer: The content of this webpage is not financial advice and does not constitute any offers or solicitation to offer or recommendation of any investment product.

Transparency: All members of the Blockbrain team combined own two NFTs, created by Chiru Labs. This is not sponsored content.