New Dapps Report: Akuma Origins – Steady Growth & Robust Utilities

New Dapps Report: Akuma Origins - Steady Growth & Robust Utilities
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Learn more about the Akuma Origins NFT collection

In the April 2022 edition of DappRadar’s New Dapps Report, we look at popular and interesting NFT collections, and this time we cover Akuma Origins. The New Dapps Report serves as an executive overview and analysis of financial metrics for NFT collections. 

This New Dapps Report is part of a series of executive reports that provide readers with a high-level perspective of promising randomly generated NFT collections. The report focuses on financial metrics, including sales activity and price analysis, and distribution metrics like Unique Holders Ratio and Whale Concentration Index. It additionally dives into whales’ behavioral patterns and social and technical overviews. 

In these reports, we discuss exciting new collections that appear on the market, and this week we will review Akuma Origins. This collection inspired by Japanese pop culture has appreciated significantly since mint. 

Akuma Origins is a collection of 5,555 NFTs made by a group of Belgian and French artists. They want to bridge the gap between the digital and physical worlds while offering the holders a robust utility package in art, music, and seasonal airdrops. 

Please do not consider this document as financial advice. 

Data updated on: Apr 14, 2022

Table of Contents

Key Takeaways

  • Akuma Origins is the 10th most traded collection in the last seven days, with a total volume of over $20 million in sales.
  • The floor price of the Akuma Originals collection appreciated over 800% since minting on March 31st
akuma origins

Akuma Origins – Floor price growth of 809%

Blockchain: Ethereum

Launch date: Mar 31, 2022

Edition size: 5,555 – Limited Edition

Traits: 18

Attributes: 222

Floor price: 0.5 ETH

akuma origins

Akuma Origins generated nearly $20 million in sales in its first week. Despite the subsequent pullback in daily volumes, the overall volume continues to climb. Akuma is the 10th most traded collection in the last seven days, and it’s the 19th most traded collection in the previous two weeks. The average price has been rising steadily in the first week, and after a slight dip earlier this week, it consolidated at 1.37 ETH at the time of writing.

Added Utility – Average Offering 

Akuma Origins has released a roadmap for post-launch support of the project. Although the team has not communicated a concrete timeframe for the delivery of their milestones, they plan to reward their community with seasonal NFT drops. The Akuma holders can exchange these airdrops on the website for digital or physical art. The holders will also receive a vinyl figurine of their NFT. These rewards are seasonal, meaning season one holders will have access to season one rewards. The team also plans to expand the project into the metaverse, while exact details of this venture are unknown at the time of writing. The holders who appreciate the art will get the most use of the utilities. 

Social Awareness and Engagement 

Akuma Origins has a moderate online social presence. Its Discord server has 46,792 active users, an intricate onboarding procedure, and an active moderation team that reduces malicious bot activity and bad actors. Community conversations are ongoing throughout the day and across channels, indicating strong engagement.  

Akuma Origins Twitter went live in December 2021 and currently has 70,849 followers. The account experienced 80% of its total growth in the last 30 days, gaining 56,765 new followers at an average of 1,892 new followers per day. This indicates strong interest and growing demand for the collection. 

akuma origins

Akuma Origins had a surge of traders and accumulated over two thousand unique traders in the first week. Although the amount has declined in the subsequent weeks, a total number of 5,723 unique traders shows healthy demand for the collection. 

Team Overview 

Bernard is the leading developer and the head of the project. Mateo is a freelance artist and the artistic lead. Mattias and Aitor, who previously worked for Reikon games (developers of the RUINER video game) and supporting artists and developers. Ade is the supporting web3 developer, while Luke is the community manager. Not all team members have made themselves public; however, they are readily available on their Discord server and regularly engage with the community. 



Technical Overview

Like most NFT projects, Akuma Origins stores its metadata using IPFS rather than fully on-chain. This poses a common challenge to visually rich metadata projects, as the smart contracts and the metadata are separate. Still, there are no significant concerns from a technical standpoint.

  • Audit status: no audits performed yet
  • Storage: Akuma Origins NFTs are stored as ERC-721 tokens on the Ethereum blockchain, and visuals live on IPFS for immutable ownership.

Whale Wallet Analysis

Akuma Origins currently has a Unique Holders Ratio of 39%, indicating a moderately diversified collection; a lower ratio indicates higher susceptibility to sudden price changes. At 13.7%, its whale concentration is very concentrated. A higher whale concentration suggests an increased risk of price manipulation by prominent collection holders. 

There are three significant whales –  cryptopolitan.eth, ethersole.eth, and legendmaster.eth among the top five holders. Cryptopolitan.eth alone holds nearly 8% of the whole collection. The heavy involvement of renowned NFT collectors and crypto investors can obfuscate organic trade activity. It can also indicate that the collection is underappreciated by the general public. Users should be wary of following high-profile traders, as their exit from the collection often precedes a sell-off.  


Akuma Origins stands out in the following stats: The floor price of 0.5 ETH has appreciated 809% from the mint; however, the average price of 1.37 ETH has appreciated by 2,391%, significantly above average. It is the 19th most traded collection in the last two weeks, with a volume of over $20 million. The highest sale of 30 Ξ / $97,200 occurred only eight days after the minting. 

The collection has a high whale concentration of 13.7%, and the ratio of unique active wallets is 39%, indicating that the collection has considerable involvement from high-profile whale traders. This involvement can mean that the collection is underappreciated by the general public or that the natural demand is upset by the increased whale activity. 

The long-term growth of any project is very dependent on the utility that it offers to its holders. Akuma focuses on rewarding the holders with digital and physical merchandise, like art books, digital prints, and vinyl figurines. Users who strongly prefer the project’s art style will likely enjoy the planned rewards.

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