Non-fungible token (NFT) project Azuki has announced the release of ANIME, a Japanese cartoon-themed token described on its website as a “culture coin.”
The price of the Azuki NFTs rose 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 for global anime fandom,” Azuki wrote on X. “And now, together with the Animecoin Foundation, we’re forging the next arc for anime … Our mission remains the same: build the open anime universe.”
The token will be distributed with a heavy focus on community, with 50.5% of the total supply being allocated to the community, 37.5% of which will be fully unlocked at launch whilst an additional 13% “will be managed by ANIME holders through the future AnimeDAO to fund community incentives and initiatives.”
The company’s team and advisors will receive 15.6% of supply bound by a three-year vesting schedule.
The move to release a native token follows Pudgy Penguins, which issued PENGU in December which now has a market cap of $1.87 billion.