Non-fungible token (NFT) project Azuki has announced the launch of ANIME, a Japanese cartoon-themed token described on its website as a “cultural currency.”
The price of Azuki NFTs increased by 9.1% following the announcement, with the cheapest NFT selling for 13.77 ETH ($42,000), according to CoinGecko.
“We acquired Anime.com, soon to launch alongside Animecoin as the home of global anime fandom,” Azuki wrote on X. “And now, together with the Animecoin Foundation, we are forging the next arc of anime… The Mission remains the same: building the open anime universe.”
The token will be distributed with a heavy focus on the community, with 50.5% of the total supply allocated to the community, 37.5% of which will be fully unlocked at launch, while an additional 13% “will be managed by ANIME headlines in the future.” “AnimeDAO to fund incentives and community initiatives.”
The company’s team and advisors will receive 15.6% of the supply subject to a three-year vesting schedule.
The decision to launch a native token follows Pudgy Penguins, which issued PENGU in December, which now has a market cap of $1.87 billion.
