Takashi Murakami announced that his new work 108 Flowers Revised will be minted on the Base chain! However, the previous Smiling Flower NFT has already flopped.

Crypto Circle (120BTC.COm ) News: With a mysterious whale spending 8.6 million dollars sweeping up the NFT blue chips CryptoPunks and Chromie Squiggle, the long-dormant NFT market has recently heated up again.

According to statistics from Coingecko, as of July 23, the total market value of the global NFT market has surpassed $6 billion, doubling from the low point of about $3 billion in April. LVRG research director Nick Ruck analyzed that this rebound is mainly in sync with the overall bullish trend in cryptocurrency, and it also shows that "risk appetite is rising." He stated that against the backdrop of a warming macro funding environment, NFT categories with artistic value and brand power will benefit first.

Market Rebounds, Takashi Murakami Takes Action Again

On this occasion, Japanese pop art master Takashi Murakami announced today (24) on X that he will launch a new digital collectible "108 Flowers Revised" trading card, which will be available for minting on July 31 on the Base application chain.

However, looking back at Takashi Murakami's past NFT achievements, they don't look very good. Moreover, according to the official description, this NFT is more about its collectible commemorative value, which is more like an advertisement for the derivative products under his brand.

Once said that they might not release NFTs again

Personal masterpiece: Murakami.Flowers( Smiling Flower NFT )

Takashi Murakami has turned his most iconic "Smiling Flowers" into pixel-style NFTs, and this series is called Murakami.Flowers. Currently, the project's activity level has become extremely low.

• A winding journey to issuance: In fact, he wanted to issue it as early as March 2021, but at that time he felt that he didn't understand NFTs well enough, so he urgently called it off and didn't sell a single one.
• Official Launch: After learning and preparation, Murakami.Flowers was finally launched in 2022. The entire series is inspired by the 108 troubles in Buddhism, totaling 11,664 unique small flower NFTs.
• Initial sensation: It caused a frenzy as soon as it was launched, with the floor price skyrocketing in a short period. The floor price reached as high as 6.6 ETH when it first went on sale, which was approximately 22,000 USD at that time. ( The current floor price is about 0.15 ETH).

Subsequent developments stalled

Although the start was very bright, the subsequent development was rather bumpy.

• Grand future blueprint: Takashi Murakami has planned a complete development roadmap for the small flower NFT, aiming to connect traditional art and digital art. In the future, there are plans to launch games, physical products, exclusive galleries, and more.
• Market cooling and price decline: However, as the entire NFT market enters a bear market, prices have also fallen significantly.
• Acknowledging business failure: In a press conference in September 2023, Takashi Murakami admitted that he faced business failures in the NFT space and candidly stated that NFTs are on the decline and may not be issued again in the future.

In summary, Takashi Murakami's NFT journey perfectly embodies the frenzy and fragility of the NFT market. He entered as a master artist, bringing significant attention and initial commercial success, but ultimately could not withstand the changes in the broader environment and became a fleeting phenomenon.