Thursday, June 20, 2024

Shiba Inu brings to you world’s first fast-food NFT for Welly.

Shiba Inu has powered up a burger joint Welly as the world’s first fast-food NFT on its network. The initial phase went live on June 9. However, analysts are bearish about Shiba Inu’s price recovery.

The “Eat Wellys” NFT collection, designed by@chico_rata, features 10,000 NFTs. Each NFT has a different attribute and combination. Shiba Inu said a total of 140 attributes – normal, rare, and unique – are distributed among the NFTs. Minting will take place in different stages.

LEASH and Shiboshi holders minted Welly NFTs over a 12-hour period. BONE and Shiba Inu holders have been exclusively invited to mint the fast-food NFTs. Phase two will commence at the end of phase one, and phase three will be a public sale. This NFT project is regarded as special as it is the first of its kind collection to be directly linked to a real-world business, that is, the Welly food joint. And it’s powered by Shiba Inu. The Eat Wellys NFT collection is on sale on OpenSea.

Despite the backing of a new project, there’s a bearish outlook for the meme coin. It could fail to recover from its recent slump. At the time of writing this article, Shiba Inu was down by 4.66%. It has lost nearly 8% of its value in the last seven days. Analysts predicted a 20% price drop in the meme coin, confirming a descending triangle pattern.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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