The controversy that arose around Takashi Murakami’s Murakami.Flowers NFT collection continues. On June 8, the artist apologized for the project’s “stagnant” reserve prices. His post comes shortly after the NFT community accused Takashi of snagging the rare collectibles.
What did Takashi Murakami say about his Flower NFTs?
It’s been a tough few months for Takashi Murakami. The acclaimed artist launched his NFT collection, titled Murakami.Flowers, back in March. Of course, it was a long-awaited drop, and the NFTs were presented as rare.
Two months after the drop, the NFT community accused Takashi Murakami of sniping his own Flower NFTs. To clarify, some collectors claimed that Takashi increased the price of the collection to generate more hype around the drop. The artist did not provide any information on these allegations.
All in all, the minimum price of the Flowers NFTs remained stagnant, as data from OpenSea shows. Takashi Murakami then posted a tweet to apologize:
How did the NFT community react to Murakami’s tweet?
Collectors had mixed reactions to Takashi Murakami’s tweet. For example, despite the trading volume of Flowers NFT, many users showed their support.
In fact, Twitter user @elliott_kalenko even referenced one of Murakami’s previous statements about the project:
“Please give him another 30 years. I will disappear from this world and the true value of my NFT project will become absolutely clear.”
Obviously only time will tell the long term value of Murakami.Flowers collectibles. Overall, however, most NFT holders continue to support the artist.
What is Murakami.Flowers?
Basically, Murakami.Flowers is a collection of 11,664 NFTs. The colorful NFTs feature pixelated flowers designed by Takashi Murakami himself. Accordingly, a combination of 108 flowers and backgrounds makes a field. There are a total of 108 digital fields that can result from this collection.
Currently, the OpenSea floor price of the collection is 3.99 ETH with 5.1k NFT holders. Overall, the Flowers NFTs surpassed 14,000 ETH in total trading volume.
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