Azuki developer Cygaar dev wrote code that would prevent Steve Aoki from buying NFT projects in order to avoid the Aoki curse. In an August 10 tweet, the Azuki developer told NFT project owners that they are tired of seeing Aoki buy into their projects and the floor price drop to add the code to their contract.
Codes were included in NFT projects like Edgehogs to prevent Aoki from buying their project.
What is the Aoki Curse?
The floor price of an NFT collection tends to drop when the celebrity DJ announces its purchase, according to community members.
The scenario has been played out several times, which has resulted in the NFT community calling the phenomenon a curse For example, after Aoki bought the Moonbirds NFTs, the floor price of the collection has gone from over 30 ETH to 22 ETH.
When he bought Azuki NFTs, the same situation happened. The collection had a peak floor price of 36 ETH, which fell significantly after Aoki revealed he had purchased the collection.
While some people think the Aoki curse is real, the decline in value of most of the NFTs he bought is something that is able to explain.
Aoki apeaped into the collection around the same period when the founder of the collection admitted that he had abandoned three different projects before creating Azuki.
He bought some of his purchases during the thick of the industry-wide market crash, along with the decline in NFT trading activity. All of this played a role in the declining value of some of the NFT collections.
Aoki remains a top NFT collector despite his NFT acquisitions, like Azuki, Bored Apes, Moonbirds, Goblintown, 3 Landers, etc. Aoki is an avid collector, but he also has his own NFT avatar collection on The Sandbox. Before that, he launched the Dream Catcher series and created the A 0 K 1 VERSE.