Takashi Murakami Apologises For His Flower NFT’s “Stagnant” Performance

The controversy that was created around Takashi Murakami’s Murakami.Flowers NFT collection continues. On June 8th, the artist apologized for the project’s floor prices which “remain stagnant”. His post comes shortly after the NFT community accused Takashi of sniping 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-expected 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 inflated the price of the collection to generate more hype around the drop. The artist didn’t make any statements about these allegations.

All in all, the Flowers NFTs’ floor price remained stagnant, OpenSea data shows. As a result, Takashi Murakami 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, many users showed their support in spite of the Flowers NFT’s trading volume.

In fact, Twitter user @elliott_kalenko even pointed out to one of Murakami’s earlier statements on the project:

“Please give it another 30 years. I’ll be gone 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 the Murakami.Flowers collectibles. Overall, though, most of the NFT holders continue to support the artist.

What is Murakami.Flowers?

Basically, Murakami.Flowers is a collection of 11,664 NFTs. The colorful NFTs depict pixelated flowers designed by Takashi Murakami himself. Accordingly, a combination of 108 flowers and backgrounds creates a field. In total, there are 108 digital fields that can result from this collection.

At this moment, the collection’s OpenSea floor price is 3.99 ETH with 5.1K NFT holders. Overall, the Flowers NFTs surpassed 14K ETH in total trading volume.