Azuki NFTs are back on the OpenSea marketplace after technical issues that caused the problem was resolved. It happened that holders received notifications that the Azuki NFTs had been delisted from OpenSea, the leading digital asset marketplace.
Immediately after the news reached Azuki, the developers reached out to OpenSea for clarification about the delisting emails sent to Azuki holders. Per the post, Azuki proposed a working theory that the same error or issue hit Bored Ape Yacht Club (BAYC) on June 30, 2022.
In the BAYC case, an error occurred on OpenSea, causing the marketplace to delist several BAYC Apes from the platform. However, the issue was resolved shortly after, and the Apes appeared on OpenSea.
According to a thread on Twitter, the message was not a singleton, as different accounts posted varying notifications:
“The item you tried to visit is no longer available on OpenSea. It will not be visible or accessible to anyone browsing the marketplace.”
“An item you own has been delisted because it goes against our Terms of Service. This means it will no longer appear on your profile or collections.”
As evidenced by the numerous comments on Twitter, fear spread among Azuki holders, prompting OpenSea to offer a circular to reassure the public. Addressing the email titled “OPENSEA DELISTING EMAIL,” OpenSea wrote:
“We are investigating a suspicious mass email by @opensea (allegedly) saying that multiple Azuki has been delisted. We are reaching out to figure out what might be happening.”
With this notification, the digital asset marketplace also cautioned users not to click any links, citing the possibility of phishing or hacking risks. The warning was meant to discourage the recipients of the fraudulent notification from clicking the links attached to the notifications.
Azuki commended OpenSea for the quick response to the issue, acknowledging the marketplace’s clear communication and their decision to call the Azuki team for an explanation. OpenSea had been speedy in addressing the issue and restoring calm among the already panicking holders.
“Hey all, rough morning. There was an error in our Trust & Safety flagging system, and several Azuki NFTs were briefly delisted. We DID work fast to resolve the issue, and all impacted items have been relisted. Also, we’re in direct contact with the @AzukiOfficial team.”
The issue has been resolved, and Azuki NFTs now feature on OpenSea. The platform has committed to ensuring this does not happen again
Azuki NFTs are a rare set of hand-drawn artworks created for tokenization purposes within the blockchain. The digital collectibles were created by a Los Angeles-based startup called Chiru Labs to create a decentralized metaverse. The NFT project successfully focused on restoring the traditional days when hand-drawn artworks dominated the crypto space.
The project was able to outshine Yuga Labs’ BAYC project for a short while because of its unique artwork and its characteristic NFTs’ brand-forwardness. When the rest of the market noted this approach and began to catch up, Azuki again revamped. This time developers created 3D avatars for every NFT to interact with popular metaverse projects like Decentraland and Sandbox.
From its inception in the NFT space, Azuki took off well, recording a floor price of 9ETH on OpenSea when the public sale closed. The price soared in April to hit 25ETH before the crypto winter started. With growing selling pressure, the digital asset’s price spiraled to 6ETH and down to 0.15ETH, an all-time low after that, before bouncing back to 10ETH and barely keeping afloat.
Despite the bear market, Azuki’s utility and brand power continue to attract the attention of NFT enthusiasts. At the time of this writing, the NFT is trading at 8.9ETH on OpenSea.