Shiba Inu powers the world’s first fast-food NFT collection

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Shiba Inu powers the world’s first fast-food NFT collection

Eat Welly burger joint recently announced its NFT collection titled “Eat Wellys” which is powered by Shiba Inu (SHIB). The announcement marks the launch of the world’s first fast-food NFT on Shiba’s blockchain network. Reportedly, the collection will feature about 10,000 NFTs and each piece will have a unique combination of attributes. The entire collection will have a net total of 140 attributes.

Why is this NFT collection gaining a lot of attention?

One of the major reasons why this NFT project is turning heads is the fact that the collection has a direct connection with a real-world business. Even with their holdings locked in staking, LEASH and Shiboshi holders minted Welly NFTs when phase one of the mints began on June 9. BONE and SHIB holders were the only ones allowed to mint Welly NFTs during the final 12 hours of the first phase. The project’s second phase will begin at the conclusion of the first, and the third phase will be a public auction.

The price of SHIB is projected to fall despite the hype around the NFT

Despite the buzz and excitement around the new NFT launch, analysts still reserve a bearish outlook on the price of SHIB in the market. They believe that the descending triangle for SHIB’s projected prices will inevitably lead to a nearly 20% drop in its price. According to CoinMarketCap, SHIB is currently at $0.000008715, a 15.25 percent loss in price over the last 24 hours. 

The “Eat Wellys” NFT collection is currently available on OpenSea. 

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Amogh Sundararaman

Amogh is a content writer with a burning passion for writing, communication, technology, computer science, and storytelling. He published his first poetry book in 2021 and loves using the power of words to narrate a story or convey a thought.

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