Another OpenSea bug has appeared again. It’s a less-than-ideal way to end his week at the once-good NFT collection, Azukis. The owner of the Azuki NFT was awakened Friday by an email from OpenSea that allegedly notified NFT owners that the Azuki NFT was being delisted. The once-great collection has dropped significantly, but is now highly rated with consistent lowest prices around 10 ETH.
The relisting of the project appears to have happened all day Friday, but the error represents another occurrence of an “accidental delisting” of a major project on OpenSea. Let’s take a look at the details of the situation and what you can expect next.
OpenSea’s Flaw or Azuki’s Fate?
There was no shortage of speculation on Friday, as some individuals within the NFT community believed it was not a mistake on OpenSea’s part and could have a significant impact on the collection. However, Azuki’s official Twitter account and her product manager Demna were quick to maintain open communication with the community.
we reached out @high seas Awaiting response to the delisting email sent to Azuki holder. Our working theory is that we are facing an error/problem similar to this. Check our Discord for live updates. @DemnaAzuki We will also be tweeting as we work towards resolving this issue. https://t.co/azJhiXzEE0
— Azuki (@AzukiOfficial) September 30, 2022
Demna describes the issue as a “technical error” between OpenSea and the NFT Marketplace. make its own statement .
Ethereum (ETH) based NFT collection, Azuki, had to deal with some hiccups on Friday following an accidental delisting on OpenSea. | Source: ETH-USD on TradingView.com
Not the first time…
As Azuki’s Twitter account mentions, this isn’t the first time something like this has happened to an excellent OpenSea collection. Back in June, The Bored Ape Yacht Club faced a similar dilemma, OpenSea has temporarily excluded some of the BAYC collections. Luckily for Azukis, the lowest price before and after Friday’s delisting fiasco remained relatively unchanged, falling from just above 10 ETH to just below 10 ETH, where it is now at the time of publication. It is stuck at 9.97ETH.
That said, it was still a significant drop from grace for a once-uplifting project. In recent months, some Azuki have sold for that fraction of a dollar, sometimes averaging between 6ETH and 7ETH per day.
Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.