Decentralized Autonomous Organization Azuki DAO Rebrands as “Bean” and Focuses on Memecoin Project

One sentence summary – Azuki DAO, now known as “Bean,” has rebranded and dropped its plans for legal action against Zagabond, focusing instead on developing a memecoin project integrated into the Ethereum layer-2 Blast ecosystem, with $10 million in funding secured; the project will distribute tokens through an airdrop to Azuki DAO community holders of NFTs, with 50% going to the community, 40% to the Bean Treasury, and 10% retained by Zagabond, the founder of Azuki, and the transition reflects a growing trend among NFT projects to diversify into different blockchain applications, with the success of the Bean project and its integration within the Blast ecosystem being closely watched by investors and enthusiasts as it has the potential to shape the future of memecoins and NFT projects.

At a glance

  • Azuki DAO has rebranded as “Bean.”
  • Bean has dropped its plans for legal action against Zagabond, the founder of Azuki.
  • Bean is focusing on the development of a memecoin project integrated into the Ethereum layer-2 Blast ecosystem.
  • Bean has secured $10 million in funding from key investors for its development and integration within the Blast ecosystem.
  • The memecoin project will have a total supply cap of 1 billion tokens, with distribution plans revised.

The details

Azuki DAO, a decentralized autonomous organization, has recently undergone a rebranding process and is now known as “Bean.”

The organization has also dropped its plans for legal action against Zagabond, the founder of Azuki.

Bean is now focusing its efforts on the development of a memecoin project.

This project will be integrated into the Ethereum layer-2 Blast ecosystem.

To aid in its development and integration within the Blast ecosystem, Bean has secured $10 million in funding from key investors.

The memecoin project will have a total supply cap of 1 billion tokens.

The token supply plan has been revised to distribute these tokens.

Fifty percent of the tokens will be allocated to the Azuki DAO community.

This allocation will be done through an airdrop to holders of Azuki series NFTs.

The Bean Treasury will receive 40% of the tokens.

Zagabond, the founder of Azuki, will retain the remaining 10% of the tokens.

The release of the “Elementals” series caused concerns among the community.

These concerns were due to the perception that it was diluting the original Azuki NFT collection.

The transition from Azuki to Bean, along with the alignment with the Blast ecosystem, is indicative of a growing trend.

This trend is seen among NFT projects to diversify into different blockchain applications.

Investors and enthusiasts will be closely monitoring the success of the Bean project.

The integration of Bean within the Blast ecosystem is also of interest.

This is because it has the potential to shape the future of memecoins and NFT projects.

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A pixelated image of a smiling bean with a crown, surrounded by a group of smaller beans, representing the rebranding of Azuki DAO as “Bean” and their focus on the Memecoin project.

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coingape.com
– Azuki DAO has rebranded to “Bean” and has withdrawn a proposed legal action against Azuki’s founder, Zagabond.
– Bean is now focusing on developing a memecoin project and integrating it into the Ethereum layer-2 Blast ecosystem.
– Bean has secured $10 million in funding from key investors for its development and integration within the Blast ecosystem.
The Bean memecoin will have a total supply cap of 1 billion tokens.
The token supply plan has been revised, with 50% of tokens going to Azuki DAO community through an airdrop to holders of Azuki series NFTs.
– The Bean Treasury will receive 40% of the tokens, and Zagabond will retain the final 10%.
The release of the “Elementals” series led to a perceived dilution of the original Azuki NFT collection.
The transition to Bean and its alignment with the Blast ecosystem reflects a trend of NFT projects diversifying into different blockchain applications.
The success of the Bean project and its integration within the Blast ecosystem will be closely watched by investors and enthusiasts.

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