2 years ago
Nonfungible tokens person emerged arsenic 1 of the astir fashionable usage cases of blockchain technology, generating billions of dollars successful gross done 2021.
Non-custodial cryptocurrency level ShapeShift DAO has launched a caller NFT auction successful enactment of pistillate artists successful the nonfungible token and blockchain industries — a conception of the colonisation that remains underrepresented successful the rapidly increasing integer economy.
The auction for “Block 495559—Crypto Kitties and the Great Hairball successful the Tubes,” a collaborative one-of-a-kind NFT bid created by pistillate creator LunaHawk and ShapeShift DAO manager GrayMachine, volition beryllium held connected OpenSea betwixt April 4-11. The NFT bid was minted connected the Ethereum mainnet and volition see custom, animal-themed integer creation that conveys the past of the cryptocurrency marketplace done assorted animals.
ShapeShift DAO members approved of LunaHawk’s 10-piece NFT bid successful October 2021. The postulation was archetypal displayed astatine the ETHDenver league successful February.
According to GrayMachine, the NFT auction volition beryllium a archetypal of a bid that volition motorboat successful the “coming weeks and months.”
A illustration of LunaHawk's NFT creation collection. ShapeShift DAO plans to lend 10% of the NFT proceeds to the Women of Crypto Art Fund, a assemblage radical that supports women successful the integer creation space. The contributions volition beryllium made via Giveth, a crypto-focused charitable backing platform.
Related: International Women’s Day 2022 focuses connected bringing women to Web3
In summation to promoting women successful blockchain, ShapeShift DAO said the auction volition besides enactment the needs of the decentralized autonomous enactment arsenic it continues to grow.
— Erik Voorhees (@ErikVoorhees) March 25, 2022As Cointelegraph reported, ShapeShift began to decentralize its full organization successful July 2021 successful an unprecedented determination that included the largest airdrop successful past and full open-sourcing of its level code. The ShapeShift DAO Governance Treasury, arsenic good arsenic the company’s employees and shareholders, were fixed a three-year vesting docket opening June 2, 2021.
The marketplace for NFTs, meanwhile, has slowed considerably from its torrid maturation gait successful 2021. By aboriginal March, monthly NFT buyers had dipped beneath 800,000 for the archetypal clip since October arsenic hunt volumes for integer collectibles besides declined sharply. Despite the pullback, NFT adoption appears to beryllium connected an upward trajectory amid broader planetary awareness.
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