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ShapeShift hopes to create ‘rarest and most historical’ NFTs with 80% trading card supply burn By Cointelegraph




Non-custodial cryptocurrency change ShapeShift has burned tons of of themed collectible “playing cards” from the blockchain-based cell sport Spells of Genesis. The crew stated that the remaining playing cards in its possession shall be positioned underneath the management of its new decentralized autonomous group, or DAO, and unlocked in restricted tranches over the approaching two years.

In accordance with on-chain information, events together with ShapeShift have burned at the least 817 of the digital playing cards titled “ShapeShift the Wanderer” — initially minted in June 2015. This information adopted an Oct. 12 announcement that the change meant to destroy 649 playing cards to make these in circulation “among the many most uncommon [Spells of Genesis] playing cards in existence and among the many oldest NFTs in existence.” Different events seem to have burned a further 168 playing cards sooner or later previously as properly, leaving lower than 200 playing cards distributable on-chain.