Azuki DAO, an unofficial community decentralized autonomous organization surrounding the namesake nonfungible token collection, has announced its rebranding to “Bean” as it drops a proposed lawsuit against the NFT collection’s founder, Zagabond, over a $39 million minting affair.
In a statement sent to Cointelegraph, Azuki developers said the DAO will rebrand into a memecoin project and become part of the Ethereum layer-2 Blast ecosystem. Developers also claims that Bean has also secured $10 million from “prominent investors” for its development and acceleration within the Blast ecosystem.
The proposed Bean memecoin will have a total supply of 1 billion. Forty percent of tokens are allocated to its treasury, 50% to Azuki DAO members, and 10% to Azuki NFT creator Zagabond. Minting is only available to Azuki NFT holders, who must do so within 24 hours of the token’s launch or face “token burn.”
The Azuki NFT collection represents 10,000 anime-themed profile pictures (PFPs). In June, a second series of 10,000 PFPs in the Azuki collection, dubbed “Elementals,” was released by Zagabond. Immediately after release, however, users noticed the close resemblance of Elemental PFPs to Azuki PFPs, thereby leading to the dilution of the latter through an increase in supply.
The price of Azuki NFTs reportedly fell 44% in the immediate aftermath of Elementals’ release. The move also triggered a community lawsuit proposal launched by Azuki DAO against creator Zagabond.
“Detailed information on financing and a roadmap for future developments will be disclosed shortly,” developers wrote.
Godspeed @cz_binance pic.twitter.com/jIaCj43sx8
— ZAGABOND.ETH (@ZAGABOND) November 21, 2023
Related: AzukiDAO proposes to recover 20,000 ETH from Azuki founder ‘Zagabond’
where to get cheap clomid without dr prescription how can i get generic clomid price where can i get clomiphene price where can i get generic clomiphene without dr prescription where buy cheap clomiphene clomiphene tablet price clomid uk buy
More content pieces like this would make the web better.
Thanks for sharing. It’s outstrip quality.
azithromycin 500mg usa – buy tinidazole medication buy metronidazole 400mg generic
buy rybelsus sale – buy generic cyproheptadine online brand periactin
oral motilium 10mg – order flexeril sale generic cyclobenzaprine 15mg
cheap generic amoxicillin – ipratropium cost ipratropium 100mcg for sale
oral zithromax – nebivolol canada bystolic 20mg drug
clavulanate tablet – atbioinfo.com buy ampicillin
purchase esomeprazole without prescription – https://anexamate.com/ order nexium 20mg online
buy warfarin pill – https://coumamide.com/ order generic cozaar 50mg
buy meloxicam 7.5mg pills – mobo sin buy meloxicam no prescription
order prednisone 20mg online cheap – https://apreplson.com/ buy deltasone
best ed pill for diabetics – over the counter ed pills that work cheap ed drugs
amoxicillin online – https://combamoxi.com/ buy amoxicillin tablets
buy diflucan 200mg online – https://gpdifluca.com/# buy diflucan pill
purchase cenforce for sale – order cenforce pill order cenforce 100mg generic
what to do when cialis stops working – on this site buy cialis no prescription overnight
ranitidine online – zantac 150mg without prescription zantac without prescription
best price for cialis – https://strongtadafl.com/# reddit cialis
Greetings! Extremely useful suggestion within this article! It’s the crumb changes which liking espy the largest changes. Thanks a lot towards sharing! https://gnolvade.com/
buy viagra in poland – buy generic viagra new zealand 100 mg viagra cost
This website absolutely has all of the low-down and facts I needed about this thesis and didn’t positive who to ask. https://ursxdol.com/get-cialis-professional/
The thoroughness in this section is noteworthy. https://prohnrg.com/
I couldn’t resist commenting. Well written! https://ondactone.com/product/domperidone/