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Tuesday, July 1, 2025

‘I Am Very Sorry’: Takashi Murakami Apologizes to His Crypto Investors on Twitter as His NFT Prices Nosedive - artnet News

Takashi Murakami is one of the few fine artists who managed to make a successful crossover to the NFT space.
He was first inspired to launch a collection in spring 2021, after seeing Christie’s auction off a Beeple NFT for $69 million in crypto. The event kicked off a global NFT mania, and the next few months were prime time to launch an NFT collection, for those who jumped at the right time.
Unfortunately, Murakami’s timing was terrible, and he completely missed the NFT boom. After spending a year fine-tuning the technical details of the project, he launched it right before the 2022 crypto crash.
On June 8, a seemingly disheartened Murakami issued an apology on Twitter: “Dear holders of http://Murakami.Flowers, I appreciate your continuing patronage, although the project’s floor price and transaction prices remain stagnant. I am very sorry,” he said.
The cheapest Murakami.Flower NFT is now 2 ETH ($2,200, at current value) on OpenSea. During a false start over a year ago, he was...



Read Full Story: https://news.artnet.com/market/takashi-murakami-nft-collapse-2131025

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