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- 📝 Azuki's $ANIME launch: success or failure?
📝 Azuki's $ANIME launch: success or failure?
PLUS: Monaco to host major Web3 event, memecoins hit Ronin and more!
Nifty Notes Team
January 24, 2025
GM. This is Nifty Notes, the weekly newsletter that delivers you all the highlights across NFTs, web3 and the metaverse.
Here’s what we’ve got for you today:
Monaco to host major Web3 event in June 2025 ⛵
$ANIME debuts to mixed reactions ⚖️
Tama Meme brings memecoins to Ronin 🪙
INSIGHTS: Milady grew as Vitalik Buterin seemingly endorsed the collection, VeeFriends flew as hype picked up, and Kaito Genesis continued to rise as Yaps picked up pace. InfiniGods collapsed after the launch of $GOD, Azuki fell dramatically after the launch of $ANIME, and Pudgy Penguins declined after posting a pro-Trump image on X.
Most Read ⬆️
Monaco to host major Web3 event in June 2025 ⛵
Monaco is set to play host to one of the biggest Web3 events of the year in June 2025.
Following the success of NFT FEST 2024, held in Brussels, the event is joining forces with the WAIB Summit and Ordinals Monaco to host a groundbreaking event that’s set to feature many of the biggest names in the industry.
Some of the names confirmed so far include Robby Yung (CEO, Animoca Brands) and Luca Netz (CEO, Pudgy Penguins) - alongside representatives from Yuga Labs, ApeCoin, OKX, Adidas and many others.
$ANIME debuts to mixed reactions ⚖️
January 23 saw the long-awaited debut of $ANIME, the official token of Azuki - though it has been met with mixed reactions.
Despite a great deal of hype pre-launch, widespread availability on major exchanges and platforms, and the token’s importance to Azuki’s ecosystem moving forward, it appears that airdrop recipients largely dumped $ANIME upon receiving it.
Although it hit the market at close to $0.20 USD, $ANIME is now priced at $0.06 USD. This has created a market cap of roughly $350 million USD, and a fully-diluted valuation of around $630 million USD - far below that of the likes of $PENGU.
This disappointment is reflected in the price of Azuki NFTs, which have fallen from above 12 ETH to below 4 ETH as of writing - a 70% drop in just a few days.
Tama Meme brings memecoins to Ronin 🪙
Tama Meme – a Pump.fun-esque memecoin launchpad – has debuted on Ronin, bringing the memecoin trend to the popular Ethereum Layer-2 network.
This is the latest of a series of developments on Ronin that are intended to showcase the Open Ronin philosophy. This philosophy – which looks to open the floodgates to new games, applications and platforms on Ronin – signals the next stage of the Ronin ecosystem, and is set to officially debut in Q1 2025.
Dozens of Tama Meme tokens have already met the $80.5k USD requirement for migration to Ronin DEX Katana - with many of these tokens now growing beyond a $100,000 USD market cap.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and always do your own research.