The founder of 7UpDAO tweeted “26 x 14” that the Azuki NFT project has received a valuation of US$1 billion (R$5.2 billion) in a new round of financing. According to him, the NFTs project would have surpassed the Bored Ape Yacht Club (BYAC) “legends” and the CryptoPunks market.
Azuki was launched in January 2022 by four anonymous founders, and is now one of the biggest hit companies on the market. Recently, Hong Kong mega-collector and real estate mogul Adrian Cheng claimed to be the sponsor of the Azuki Collection, which includes 87,000 anime-inspired avatars.
By February, with $300 million in sales, Azuki Group had already outsold competitors BYAC and CryptoPunks.
Azuki
Cheng has been on ARTnews’ list of the top 200 collectors since 2015 and is known as an active promoter of contemporary art in Hong Kong. in your account at TwitterCheng wrote that he had obtained Azuki’s group “secretly”.
At the time, he hinted that he intended to take an active role in the team behind the group. Furthermore, he stated that his goal is to bring new forms of art and cultural experiences to the masses.
However, he may have been largely responsible for raising the Azuki billionaires. Cheng is an important figure in Hong Kong business and culture.
In July, Zheng announced plans to expand his cultural trading empire into mainland China. The latest project dubbed K11 Ecoast will see the waterfront complex planned for Shenzhen located in Prince Bay in Nanshan District.
In this sense, the Azuki Group’s billionaire financing can be linked to K11’s expansion plans. Not by selling NFTs in mainland China per se, but by exploiting the group’s image in the tech haven of Asia.
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