NFT Project Azuki Launches Virtual City Hilumia

    As the project described, Hilumia offers a variety of amenities like a real city such as video game centers, gyms, toy stores, etc. Hilumia was launched earlier this week to celebrate Azuki’s one year anniversary and the project’s trading volume spiked 86% on the day of the announcement.

    According to the Azuki team, Hilumia is an interactive virtual reality shaped by the community and will expand over time. Its native Physical Backed Token (PBT) also plays an important role in how Azuki bridges digital and physical.

    Azuki is a collection of non-fungible tokens (NFTs) designed by Chiru Labs, a startup founded by artists and technologists in Los Angeles. Azuki NFTs are all unique hand-drawn digital avatars. They come in a variety of different character styles, including samurais and skateboarders. NFT owners can use their Azukis as their digital identities in the metaverse.

    Chiru Labs closed a $30 million Series A raise in September 2022, bringing the company’s valuation between $300 million and $400 million. Azuki also brought in $120.99 million as its peak trading volume during the week of May 8, 2022. However, just two days later, the transaction volume quickly dropped as the founder admitted to abandoning 3 other projects.

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