$ANIME token was recently airdropped to its community.
The major target for the airdrop was Azuki NFT holders, which account for 37.5% of the token supply. After the TGE, the price of this token has decreased to the level of $0.03 USD.
This initial price drop is not uncommon for newly launched tokens, but it may raise the question of the long-term sustainability of ANIME project.
I do not want to talk about the price of this token. The token price may fluctuate depending on macro economy, BTC price actions or its mother chain's value etc.
My question is if this token or this token economy is sustainable.
Based on ANIME token Blueprint, it declares Animecoin aims to be a community-owned creative network focusing on animation.
Whatever it declares as a vision or roadmap, it needs content such as animation, novels, movies or comics etc.
The content may be the core and most valuable thing for this project.
But I haven't seen any mention about the real plan for the content or any upcoming animation that makes animation fans excited expecting next content.
As an NFT collection, Azuki has a bit stable quality of animation and design that attracted many NFT enthusiasts at the early NFT time.
But now it is required to show more than the simple NFT images.
Story, high quality animation that has interesting and attractive story that gets over legacy animation, the devoted developers, animators and story writers.
The success of similar projects in the past has often hinged on their ability to deliver compelling content or build a strong community.
Without these points, the project that has just some blockchain technologies may struggle to find its way in the upcoming web3 decade.
I think that it is required to have a certain level of Azuki or Animecoin foundation's own capability for the required content for quantum jump to next level.
Now it doesn't seem to have the capability yet.
Just Animechain, NFT and coin, it is not enough with these 3 assets for next level.