MilkyWay (MILK) offers liquid staking and restaking for modular chains, letting users earn triple yields while supporting AVS services like oracles and bridges.

Modular blockchain architectures are growing more popular in the industry as an alternative to monolithic designs. For instance, chains like 

 (TIA) eloquently separate their consensus layers from other infrastructural components for more flexible and accessible validation services. At the same time, validator ecosystems on Celestia and similar modular networks can benefit immensely from attracting additional staking funds to provide more reliable services.

MilkyWay (MILK) is a decentralized protocol that aims to do just that — provide 

 services in order to support modular blockchains, as well as various Actively Validated Services (AVS). Having started as one of the first liquid staking providers for the Celestia blockchain back in December 2023, MilkyWay added the restaking functionality to its service line in late 2024. As of May 2025, it’s emerged as one of the few 

 (DeFi) protocols to support both liquid staking and restaking, allowing you to earn yields on the same funds from up to three sources — native staking on the original chain, liquid staking, and restaking that supports a variety of bridges, oracles, rollups and other AVS-based platforms.

MilkyWay currently provides liquid staking services for three blockchains — Celestia, Initia (INIT) and Babylon (BABY). The platform’s restaking service is also flexible, allowing you to choose between three different modes — platform-managed, operator-specific or AVS-specific.

 (MILK) is a decentralized platform that offers liquid staking and restaking services, focusing on three Cosmos-based blockchains: Celestia, Initia and Babylon. 

It’s one of the rare platforms that supports both liquid staking and restaking, allowing you to utilize your crypto funds to derive income simultaneously from up to three sources — native staking, liquid staking and restaking to support AVS.

Similar to the networks it supports, MilkyWay was built using the Cosmos SDK and is part of the wider 

 ecosystem. It positions itself as a Layer 1 chain, though some critical functions on the protocol — for example, Celestia liquid staking — are carried out by leveraging 

MilkyWay’s inception dates back to December 2023, when it was launched to support liquid staking on the Celestia chain. In late 2024, the platform added support for restaking, emerging as probably the leading solution within the Cosmos ecosystem supporting both of these yield-generating activities.

MilkyWay aims to provide support to modular blockchains, and all three chains it focuses on are based on architectural modularity. Celestia’s network offers outsourced data availability (DA) and 

 (INIT) specializes in the integration between 

 technologies to help address the problem of multi-chain fragmentation. These two networks operate essentially as infrastructure providers. In turn, 

 focuses on DeFi — specifically, supporting 

 (BTC) staking. It operates as a modular plug-in solution to enable Bitcoin funds to secure various 

In order to support cross-chain communications and the transfer of liquid staking and restaking assets across different native environments, MilkyWay has implemented support for two bridging solutions: Hyperlane and IBC Eureka.

The MilkyWay liquid staking protocol allows stakers of Celestia’s TIA, Initia’s INIT and Babylon’s BABY tokens to reuse their funds for additional yield throughout the DeFi ecosystem. For Celestia liquid staking, when you deposit your TIA funds on MilkyWay, you’re issued a liquid representation of your staked position in the form of the milkTIA 

, which can then be used on DeFi protocols for lending, borrowing, collateral and more.

When you stake TIA via MilkyWay, your funds are delegated to established validators on the Celestia network. In the future, this delegation process will be governed by the MilkyWay 

 (DAO). Your staked TIA is first transferred from Celestia to the Osmosis chain, where MilkyWay maintains smart contracts governing the process. The smart contracts are used to calculate the proper amount of milkTIA, which is then minted and sent to your Osmosis wallet.

The original TIA funds are then sent from Osmosis to the Celestia chain. These transfers are executed using the IBC bridge, a major bridging protocol within the Cosmos ecosystem. A MilkyWay coordinator node is then responsible for allocating the TIA to validators used by the platform. As your staked tokens accumulate rewards on Celestia, you’re free to use your milkTIA on other platforms for additional yield.

Similar processes, though with some technical differences, are used for INIT and BABY liquid staking. For INIT, when you deposit your funds on MilkyWay, they’re sent from the Initia Layer 1 chain to an Initia-linked Layer 2, where the protocol maintains another set of smart contracts. These smart contracts calculate the requisite amount of milkINIT (the liquid staking representation of the original INIT) and send it to your wallet, at which point you’re free to use your milkINIT LST in DeFi protocols. The original INIT is transferred back to the Initia mainnet and allocated to select validators to earn staking rewards.

BABY liquid staking works quite similarly — your BABY staked assets will be allocated to MilkyWay’s validators on the Babylon chain to earn native staking rewards, and you’ll also be issued 

 as an LST to use for additional yield on DeFi solutions.

MilkyWay’s restaking service allows you to further reuse your staked funds to secure a variety of decentralized platforms and services. Major blockchain networks typically have no shortage of validators to secure their consensus layers. However, there are additional services and applications that service the blockchain networks, but experience a lack of necessary validator ecosystems of their own. These may include blockchain price 

 or rollup sequencers — services collectively known as AVS.

To help provide network security and support the operations of these AVS-based solutions, MilkyWay offers you the ability to use your original staked funds for restaking. The key difference between liquid staking and restaking is that the former only lets you reuse your staked funds on DeFi protocols, while the latter is designed for supporting validation mechanisms of various AVS solutions.

In essence, restaking provides a third way to utilize your original crypto funds by securing AVS via liquid restaking tokens (LRTs).

To get issued a liquid restaking token on MilkyWay, you can deposit Layer 1 native tokens — TIA, INIT and BABY — or LSTs — milkTIA, milkINIT and milkBABY. Additionally, MilkyWay also accepts the 

After depositing an accepted crypto token, you’ll be issued your LRT and can choose from various AVS services on which to restake. MilkyWay offers three options for restakers: 

The operator and service restaking modes are optimal for experienced stakers and restakers, who can objectively evaluate the reward potential of each validator or AVS they pick.

Developers, validators and AVS operators also benefit from MilkyWay's services. An infrastructure provider — such as an institutional validator node or AVS operator — may partner with the platform to have MilkyWay user funds directed to them for staking or restaking. This can serve as a significant income stream for these individuals or entities.

As of May 2025, the MilkyWay network uses the services of 11 validator nodes. MilkyWay validators enjoy numerous benefits, the most obvious one being the ability to attract staking funds from users. They may also participate in restaking by reusing their stakes to secure the various AVS available through the platform.

MilkyWay's cross-chain communications are supported by two key bridging solutions: IBC Eureka and Hyperlane. These platforms allow users to transfer tokens across different blockchain environments in order to access a variety of DeFi protocols, networks and AVS.

MilkyWay’s programmable rules are logic conditions that control how, where and under what conditions restaked assets are used (e.g., only restake to certain services or limit the slashing risk). There are two types of rules: 

A key difference between MilkyWay and other restaking providers is its hybrid opt-in model that allows you to choose exactly how your restaked funds are used — through a pooled allocation by the platform itself, or by your delegation to a specific operator or service. In contrast, many other restaking platforms simply handle your funds on your behalf, giving you only limited control over the selection of the restaking target.

MilkyWay also protects your overall funds by allowing you to apportion your restaked funds over multiple operators or AVS. In this way, if one operator or AVS fails or gets slashed, your total investment isn’t entirely impacted.

What is the MilkyWay crypto token (MILK)?

MilkyWay’s native token, MILK, is used for governance, gas fee payments, transaction processing and the provision of on-chain liquidity. Although MilkyWay was launched in 2023, MILK wasn’t launched until late April 2025. With a total supply of 1 billion, the MILK token’s supply allocation shares are per the chart below:

The MilkyWay project has announced an airdrop campaign, the Massdrop, the first phase of which began along with MILK's token generation event (TGE) on Apr 29, 2025. During phase 1 of the airdrop, you can 

 until May 29, 2025, or through participating crypto exchanges.

Where to buy the MilkyWay crypto token (MILK)

You can buy the MILK token on Bybit's Spot market as a swap pair with USDT (

MilkyWay has challenged traditional staking models by offering an extremely versatile set of liquid staking and restaking services. With MilkyWay, savvy DeFi users can simultaneously earn yield on the same funds from up to three sources. In addition to featuring an unparalleled variety of avenues for yield, MilkyWay lets you do the noble thing — provide support to various modular blockchains and AVS operations with your crypto staking and restaking.

Intermediate

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MilkyWay (MILK): Liquid staking and restaking for the modular era

The US is shifting toward lighter, innovation-friendly crypto regulation, with moves like the FIT21 Act, a repeal of SAB 121 and a more lenient SEC approach.

, but the rules governing it remain a tangled web of state laws, federal agency guidelines and developing court rulings. With the US moving toward clearer policies, crypto investors and innovators are left navigating a fragmented regulatory space. This article discusses current US crypto regulations, explores major regulatory challenges and the country’s stance on crypto, and examines the relevance of current US rules to traders and the larger industry.

Crypto regulations are legal frameworks set by governments to manage the creation, trading, taxation and use of digital assets. These regulations aim to protect consumers, prevent illegal activities and maintain market integrity.

The US regulatory stance on cryptocurrency in 2025 is moving toward greater clarity and support for innovation, though a unified federal framework is still in the works. 

, passed by the House of Representatives in 2024, aims to establish comprehensive rules for digital assets but has yet to be fully implemented. Signaling a more crypto-friendly direction, the Trump administration issued an 

 in January 2025 to create the President’s Working Group on Digital Asset Markets, with the goal of “providing regulatory clarity and certainty.” Chaired by David Sacks, the group is tasked with reviewing current laws and recommending reforms to encourage responsible innovation.

Federal agencies are gradually shifting their approach. The Securities and Exchange Commission (SEC), traditionally strict with crypto enforcement, has formed a dedicated 

. This group is working to simplify registration processes, outline disclosure expectations and provide clarity as to which tokens qualify as securities. Notably, the SEC has softened its stance on certain categories of cryptocurrencies, such as 

, indicating they may no longer be treated as securities.

Banking regulators have also relaxed their oversight. The Federal Reserve 

 prior guidance requiring banks to notify regulators before engaging in crypto-related activities, opting instead for standard supervisory oversight. Likewise, the Federal Deposit Insurance Corporation (FDIC) has 

 that banks can participate in permissible crypto activities without prior approval as long as they manage risks appropriately.

State-level regulations, however, remain highly fragmented. 

 with crypto-friendly policies, offering clear licensing and legal protections that attract 

 businesses. In contrast, some states still maintain stricter or underdeveloped frameworks, resulting in a regulatory patchwork that complicates compliance for companies operating across state lines.

In other developments, the federal government has launched the 

, an unprecedented move that integrates digital assets into national infrastructure planning. While this initiative signals strong institutional interest, it also introduces new compliance challenges for both government agencies and market participants.

What regulatory issues exist for cryptocurrency?

Cryptocurrency regulation in the US in 2025 continues to grapple with several persistent challenges, despite efforts to establish clearer frameworks. 

Why this matters for crypto traders and the industry

As crypto matures from the fringes of finance into the mainstream, clear rules and oversight are needed to protect individuals and to nurture a stable, trustworthy ecosystem that benefits everyone involved.

The US is transitioning toward a pro-innovation crypto regime, with emphasis on deregulation, legislative clarity and strategic asset management. Its nascent administration has signaled a significant departure from the previous enforcement-heavy approach, prioritizing regulatory clarity and industry growth. Key actions include the January 2025 executive order establishing an interagency task force to review and potentially rescind restrictive regulations, alongside the SEC’s dismissal of high-profile cases against Coinbase, Robinhood Crypto and OpenSea. 

Meanwhile, the SEC’s Crypto Task Force, led by Hester M. Peirce, aims to streamline registration paths for tokens and clarify jurisdictional boundaries, particularly for meme coins, which the SEC no longer classifies as securities. In addition, the 

 removes barriers for banks offering crypto custody services, thus encouraging institutional participation.

Bipartisan efforts are gaining momentum in the push to formalize crypto oversight, with stablecoin regulation leading the charge. Key proposals like the 

 are pushing for requirements such as 1:1 reserves, regular audits and greater transparency from issuers, bringing stablecoins more in line with traditional financial standards. 

 and SEC are working out jurisdictional boundaries, and Congress is expected to pass market structure legislation that will determine whether crypto assets are classified as securities or commodities. These moves are designed to reduce the regulatory landscape’s current fragmentation, as stablecoins now face a patchwork of state-level regulations that drive up compliance costs.

The US federal government is moving toward a clearer and more innovative crypto regulatory regime, making efforts to streamline oversight, push institutional adoption and integrate digital assets into economic strategy. However, until federal policies fully align and state differences are reconciled, the regulatory environment for crypto in the US remains complex and dynamic. Traders and industry players need to understand this complex but maturing environment in order to navigate risks and grab emerging opportunities.

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Crypto regulations in the US: Navigating a complex landscape

Reports following Ether's landmark surge on May 7, 2025 largely attribute this rally to the completion of the Pectra upgrade.

Ether has recently regained its status as the crypto golden boy, leading a rally since May 7, 2025 that’s outpaced both Bitcoin and most altcoins. This unusual performance has prompted market observers to speculate on the reasons behind it, and whether this impressive trend will continue.

The ETH/BTC ratio has been declining since January 2024, when the SEC 

In Q1 2025, disappointment in Ether's performance reached its peak, driven by market drawdowns and concerns about Ethereum Foundation leadership, leading to a significant exit of investors from the world’s second-largest cryptocurrency. However, on May 7, 2025, the market narrative changed abruptly as Ether surged over 20% in just one day.

Reports following Ether's landmark surge on May 7, 2025 largely attribute this rally to the completion of the 

 upgrade. While the timing of the upgrade coincides perfectly with Ether's rebound, however, this view doesn't capture the full story.

Historically, the ETH/BTC ratio began to rebound two months before the official completion of 

. Similarly, the Pectra upgrade had been anticipated for some time. Despite its smooth execution, the market had low expectations regarding challenges in Q1 2025.

Moreover, Ether's resurgence coincided with BTC surpassing $100,000, as broader risk assets rallied due to positive developments in US tariff negotiations with the UK and China.

In summary, the overall asset rally triggered Ether's rise, while the Pectra upgrade enhanced its performance against Bitcoin. Additionally, Ether's strong outperformance over other altcoins likely resulted from significant short liquidations.

In the days following Ether's record rally, ETH experienced over $500 million in short liquidations. This phenomenon significantly contributed to the unusual surge of more than 20% in a single day for a leading token such as Ether.

The most common criticism of Ethereum is that it loses revenue to 

 (DEXs) for Ether has consistently declined, partly due to competition from other 

 blockchains such as Solana, as well as Ethereum's own L2 networks. Since most L2 solutions have their own utility tokens, the activities conducted on these platforms don’t directly generate fees for L1, since they bundle transactions and post them to the Ethereum Mainnet.

This dilemma doesn’t appear to have a quick fix. In the medium term, Ethereum’s key value proposition may need to shift from that of a profit-generating blockchain with a 

 asset to one that functions as a financial instrument that’s akin to a bond.

Ethereum’s staking feature has yet to face direct competition, and the amount staked within the ecosystem continues to grow. As of Q1 2025, approximately 34 million ETH are staked, yielding an annual return of 2.9%.

Ongoing developments in Hong Kong and Canada may allow ETH Spot ETFs to incorporate staking features. Notably, the Pectra upgrade increases the staking limit for each node from 32 ETH to 2048 ETH, which could incentivize ETF issuers to operate their own nodes in the future. Adding staking rewards to ETH Spot ETFs could enhance their attractiveness, especially as the Fed eventually returns interest rates to more typical levels.

With a 2.9% return on Ether staking, Ether is increasingly positioned as a bond-like investment.

Ethereum’s leadership change and future outlook

Vitalik Buterin’s recent proposals for Ethereum

Ethereum co-founder Vitalik Buterin recently 

 his vision for simplifying Ethereum's Layer 1 in a post titled 

, emphasizing that scalability alone is insufficient: Ethereum must also be understandable, maintainable and secure in order to reliably serve as a platform for civilization’s assets. Buterin proposes a significant reduction in complexity, aiming for an Ethereum that will be as simple (within five years) as Bitcoin is now. He believes that a simpler protocol will enhance security, attract more developers and facilitate easier upgrades.

To achieve this, Buterin introduces a beam chain proposal that aims to streamline consensus by reducing technical complexity, eliminating epochs and sync committees, simplifying fork choice rules and enhancing the validator lifecycle for easier onboarding and recovery. He advocates replacing the current Ethereum virtual machine (EVM) with RISC-V, a more efficient, general-purpose virtual machine. This transition promises a clearer specification that will reduce bugs and maintenance challenges; more flexibility for developers to use various programming languages; and the potential to increase throughput by 100 times.

To address existing applications, Buterin suggests a phased transition that introduces RISC-V precompiles and allows dual deployment options during the shift, gradually moving legacy features out of the core protocol to keep it lean. He also calls for standardizing tools within the network to reduce redundancy and complexity, proposing a unified encoding system, shared data splitting methods and a simpler state structure. Ultimately, Buterin believes that regaining simplicity is essential in order for Ethereum to maintain its flexibility and durability as it scales.

With a new road map for Ethereum and proposed leadership 

 to the Ethereum Foundation to make the Ethereum guardian more accessible, we believe Ethereum has more upside coming.

Advanced

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Bybit Crypto Insights Report: Is Ether regaining favor? How far will it go?

Unichain, Uniswap’s L2 network, now handles over 76% of Uniswap v4 volume, driven by UNI incentives and its new Rollup-Boost feature. 

The S&P 500 jumped 3.26% as US-China tariff easing lifted market sentiment. Investors now await CPI and retail data for signs of inflation trends under the new trade regime. Gold fell near $3,208 as easing US-China trade tensions reduced safe-haven demand. With CPI data ahead, further downside is likely. Technicals suggest bearish momentum, with key support at $3,202. The Coindesk Indices, which tracks the broader crypto market, fell 1.97%, with Bitcoin and Ether down 2.53% and 0.95%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is RUNE, which surged by 4.4% following the completion of Halborn's security audit for Rujira Network's omnichain DeFi layer on THORChain.

THORChain (RUNE), created in 2018, is a decentralized protocol enabling native asset swaps across blockchains without wrapping. Built on Cosmos SDK and Tendermint, it uses Proof-of-Stake and Byzantine Fault Tolerance for secure cross-chain transactions. Halborn has 

 a smart contract security audit for Rujira Network, which is building an omnichain DeFi app layer on THORChain. Rujira enables seamless access to DeFi apps using native assets across connected chains.

Check out the latest prices, charts, and data of 

Unichain, Uniswap’s L2 network, now handles over 76% of Uniswap v4 volume, driven by UNI incentives and its new Rollup-Boost feature. This upgrade enhances MEV handling, cuts failed transaction gas costs, and sets the stage for Flashblocks—an upcoming 200ms block time system. Despite v4’s growth, Uniswap v3 still leads in total volume. The aim of Unichain is to solve Ethereum mainnet and L2 liquidity fragmentation while improving speed and decentralization.

Yesterday, BTC spot ETFs saw total outflows of $64.2 million, with $32.9 million from GBTC and $31.3 million from all other ETFs combined.

Multipli’s Season 1 has ended with 359.2M ORBs distributed (50% of supply). 

, allocating 30% of ORBs. Users can continue earning by keeping funds on mainnet or testnet—no action required. New users can join via testnet (free) or deposit stablecoins on BSC/Ethereum.

Beginner

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Unichain leads Uniswap v4 activity with rollup-boost upgrade and upcoming flashblocks feature

Bybit Learn

Metaverse

web3

Love anime art? Then you'll definitely adore Azuki NFTs and how they're changing the metaverse game.

Blockchain authentication of popular anime-style illustrations has infused the decades-old Japanese art genre with new commercial viability. 

) have taken the NFT world by storm. An anonymous team has combined the NFT phenomenon, anime’s cult-like following, and stunning visuals of ”counter-culture” skateboarders to create the explosive Azuki NFT collections. 

 is a brand created for the metaverse. Its NFT collection consists of 10,000 anime avatars that grant community members access to '”The Garden,” an exclusive virtual world or metaverse where Web3 enthusiasts, artists and builders gather to forge a decentralized future. 

Chiru Labs earns a royalty of 5% of any Azuki NFT resold. 

The project has a few key elements that drive a successful NFT project. The Azuki team has created and nurtured an expressive brand for the metaverse. Here are some of the reasons why Azuki NFTs are ruling the markets right now: 

Anime and manga are well-known cultural exports from Japan. Anime, a Japanese adaptation of the word “animation,” refers to animated content from Japan. They are typically inspired by Japanese comics or ”manga.”

Interest in anime-related content has spread worldwide, as it has become popular with children and adults alike. Characters like Pokémon, Dragon Ball Z and Digimon have been household names since the ’90s. 

With deep pockets and an obsessive interest in anime collectibles, anime fans have readily jumped on the Azuki bandwagon, sending its prices and popularity soaring.

Anime art is instantly recognizable due to its distinctive style. Azuki NFT characters embody the art form with an incredible level of detail in the artwork. Furthermore, the Azuki avatars come in many variations — females and males with different hair types, skin types, etc. Fans can find an avatar among the 10,000 Azuki characters to love. The exquisitely expressed unique traits and the rarity distribution (the presence of specific, unique attributes or traits in each character) make these collections exceptional in the NFT space. The Azuki artists haven’t disappointed.

In addition, the characters’ skateboarder art style screams anti-establishment, which is one reason the project is in huge demand, finding an affinity with like-minded individuals. After all, what could be more anti-establishment than crypto? 

According to the Azuki website, Azuki is “a brand for the metaverse, built by the community.” This repeated emphasis on community isn’t just for sound bites: Azuki recognizes the importance of a vibrant community, and emphasizes community ownership of the project. Community is the lifeblood of any NFT project. The community are the shareholders, the brand evangelists, the users and the soul of the project. Without them, the Azuki project or any NFT project would fizzle out.

Since the launch, the community has grown and currently boasts over 200,000 Twitter followers and 80,000 Discord members. These online social channels are well-moderated and provide a safe space for members to chill out and get to know each other. They also encourage conversation and updates on the project's various activities.

Upcoming Exclusive Streetwear Collaborations

In line with their objective to become the brand for the metaverse, the Azuki team has announced a streetwear collaboration that will feature Azuki clothing, merchandise and accessories. These will be available in "The Garden's" VIP store, only accessible to Azuki NFT owners.

The Garden is Azuki's version of the metaverse, that virtual world where community, art and culture intersect to create magic. According to their website, ”the lines between the physical and digital worlds are blurring, and the rules are being rewritten.”

The Garden will host exclusive streetwear collabs, NFT drops, live events, and more upcoming activities yet to be revealed.

A project is only as good as the team behind it. Any experienced investor — especially one aware of rug pulls that can doom an investment — always scrutinizes a project’s developers, engineers and backers before shelling out money. A high-quality team leads and supports a community. A lackluster team invariably loses support from the community, and the NFT project goes nowhere.

While most of the Azuki team members are anonymous, at least one, steamboy, is well-known in the gaming sector. He was the Character Art Director at Overwatch, a team-based first-shooter game. He worked on the Azuki project as an artist part-time, as well as a co-creator, but has become a full team member. As the lead artist for the high-profile video game, his profile adds credibility to the project.

The other anonymous members of the team are reputed to have extensive experience spanning crypto, gaming and technology. Most of what is known about them are snippets of information gleaned from their social media profiles:

Despite being anonymous, which is a negative for building trust, the team's level of commitment and professionalism seem to stand in for them.

One of the most expensive Azuki NFTs is #9605 and it recently sold for 420.7 ETH (approximately $1.4 million) on March 30, 2022.

For example, Azuki #7749, one of the most expensive in the collection, is a ‘“spirit” type Azuki. It features both the “spirit long” hair and the ‘“golden monk staff,” rare traits which can only be found in 15 of the 10,000 Azukis.

Blue and red types, with a rarity of 4.44% and 4.41%, respectively, have lower average sales prices. Human types, at 90.18%, are the most common, and have an average sale price of 7.86 ETH. 

After the type, the set of attributes of an Azuki NFT is the most significant determinant of its price. These attributes include clothing, neck, golden items and offhand features of 313 Azukis. 

Each Azuki NFT with a golden attribute traded at 28.1 ETH, while NFTs without golden items were sold at 8 ETH. 

Particular traits — Fire, Fireflies, Fox Fire and Sakura — also influence the price of each Azuki NFT. Fireflies (0.88%) and Fire (0.58%) are especially valuable traits that have sold for about 30 ETH each.

The average sale price of each Sakura (0.8%), Smoke (0.81%) and Fox Fire (0.86%) NFT is 15 ETH, or around $40,000. Notably, their average sale price is still higher than ordinary Azuki NFTs with no unique trait (93.71%), which have sold for 7.92 ETH on average.

Both the offhand features (such as Golden Sheathed Katana, Water Orb and Lightning Orb, etc.) and clothing features influence the price of each Azuki NFT. 

The golden Kigurumis are one of the rarest types of attributes, with the Cat (0.05%) being the rarest. Another expensive piece in the Azuki NFT collection is Azukis without clothing (0.05%), selling at an average price of 78.66 ETH.

As a trait, hair has a similar impact as other traits. Azukis with no hair (0.08%), or hair designs specific to a spirit type, have outperformed the rest. Azukis without hair have sold for an average of 30.69 ETH, while Spirit hairs have sold within the range of 42.7–76.5 ETH. 

Fire (0.22%) and Water (0.21%) hairs trade at an average sale price of 29 ETH each. The other hair attributes have sold for between 3.2 ETH and 15.2 ETH.

Red Bean (0.4%) is an ear trait associated with the origin of this brand that's pegged at 27.2 ETH. 

The golden earphone (0.35%) surpasses the neck attributes, with an average sale price of almost 40 ETH.

Compared to the average trading price of the remaining neck attributes, Azuki NFTs with these have netted between 7.65 ETH and 16 ETH.

Fire (0.57%), Glowing (0.78%) and Lightning (0.46%) eyes are outstanding from other eye attributes. Azukis with these three types of eyes have sold for more than 18.4 ETH, while those with other eye traits have netted prices between 6.9 ETH and 12.4 ETH.

The hype surrounding the NFT movement has attracted creators, artists and collectors in large numbers, hoping to cash in on the skyrocketing prices of these digital collectibles.

The Azuki NFT collection joined the trend with a bang, setting an unprecedented sales record in a flash. Starting at an initial price of $3,400 for each token, Azukis now sell for an average of $37,700, with some rarer ones going for more than $500,000. This is by no means cheap! So is this the right time to invest in Azukis? You're probably also wondering if the price has peaked and if there's future potential for further price appreciation. Read on as we discuss the valuation of Azuki NFTs and how you can price them.

NFTs represent volatile assets in the volatile cryptocurrency space. But unlike other digital assets, NFTs are difficult to valuate because they typically have no intrinsic value. Like most artworks, the value of an Azuki NFT is subjective — and only worth as much as people are willing to pay for it. Clearly, hype plays a significant role in determining the value of NFT collections, which makes them a risky investment.

However, an Azuki NFT offers something more than hype — namely utility. As mentioned above, it gives holders membership to The Garden, with plans for a line of streetwear collabs, Azuki merch, NFT drops, live events, and more.

Art collectors also hope that these digital collectibles will appreciate with time, like their real-life counterparts, partly due to their uniqueness and scarcity. Azuki NFTs will delight many art lovers, due to their distinctive style and exquisite craftsmanship. Some buyers do so purely for art's sake, rather than as an investment. 

Azukis have primarily maintained their value, despite tapering after initial giddy heights. The anime trend remains quite popular, especially in Asia.

While these underlying assumptions indicate a bright future for the nascent collection, it’s impossible to determine with any certainty that Azuki NFTs will stand the test of time. 

As with any investment, spend only what you can afford to lose, do your research, and practice caution before buying an NFT.

The Azuki anime-art collection made a grand entrance into the $41 billion NFT market with the objective of becoming a hot brand for the metaverse. So far, the project has lived up to expectations — and it’s just getting started. 

The Azuki team and community are as distinctive as their collection, and have proved to be dynamic, dedicated and innovative. These ingredients have combined to make Azuki a metaverse superstar.

Azuki NFTs: How This Anime Art Brand Is Becoming A Metaverse Hit

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