The NFT space is a constantly evolving landscape, with new projects popping up all the time. But few have captured the attention of the community quite like Fatzuki.
This collection of chubby, cartoon characters has taken the NFT space by storm, generating over $150,000 in sales in just 24 hours. And while its success has been attributed to a number of factors, one of the most notable is its similarity to another popular NFT collection, Azuki.
Fatzuki’s Launch
Fatzuki was released on July 9th, 2023, with a mint price of 0.0069 ETH (around $13). The NFTs quickly sold out, generating a total of 69 ETH for the creators.
The artwork for Fatzuki is noticeably plumper than that of Azuki, but the similarities are striking. Both collections feature cartoon characters with anime-inspired eyes and colorful backgrounds.
The Social Media Buzz
The success of Fatzuki has been fueled by social media buzz. Memes featuring the chubby characters have been circulating on Twitter and Discord, and the collection has been featured in several major publications.
This social media attention has helped to drive secondary sales, with the floor price quadrupling overnight. The Fatzuki creators also earn a 5% royalty on every secondary sale, which means they stand to make even more money from the collection’s success.
Copyright Infringement?
The similarities between Fatzuki and Azuki have led to some concerns about copyright infringement. However, Azuki’s NFT License Agreement states that owners of Azuki NFTs do not own the IP rights over their NFTs. This means that the Fatzuki creators are not violating any copyright laws by creating derivative works of Azuki’s artwork.
A Success Story Amidst a Sea of Red
The success of Fatzuki is a bright spot in an otherwise gloomy NFT market. As prices and sales have been plummeting, Fatzuki seems to defy these odds.
It’s possible that Fatzuki’s success is due to its novelty factor. The collection is a fun and lighthearted take on the NFT space, and it may appeal to collectors who are looking for something different.
Whatever the reason, Fatzuki is a clear success story. The collection has generated a lot of excitement and buzz, and it’s sure to continue to be a popular NFT for the foreseeable future.
Fatzuki is a unique and innovative NFT project that has captured the attention of the community. The collection’s success is a testament to the power of social media and the appeal of derivative works. It will be interesting to see how Fatzuki’s success affects the NFT space in the long run.
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