Noncustodial cryptocurrency platform ShapeShift DAO has launched a new NFT auction in support of female artists in the blockchain and non-fungible token industries, a segment of the population that continues to be underrepresented in the rapidly growing digital economy.
The auction of “Block 495559—Crypto Kitties and the Great Hairball in the Tubes”, a unique collaborative NFT series created by artist LunaHawk and ShapeShift DAO director GrayMachine, will be held at OpenSea from 4-11 of April. The NFT series was minted on the Ethereum mainnet and will include custom animal-themed digital art that conveys the history of the cryptocurrency market through various animals.
ShapeShift DAO members approved LunaHawk’s 10-piece NFT series in October 2021. The collection was first shown at the ETHDenver conference in February.
According to GrayMachine, the NFT auction will be the first in a series to be launched in the “coming weeks and months”.
ShapeShift DAO plans to contribute 10% of NFT profits to the Women of Crypto Art Fund, a community group that supports women in the digital art space. Contributions will be made through Giveth, a cryptocurrency-focused charity funding platform.
In addition to promoting women in blockchain, ShapeShift DAO said the auction will also support the needs of the decentralized autonomous organization as it continues to grow.
Now that we’re open source, anyone is welcome and encouraged to add new features to https://t.co/RtsJBsfELo
ShapeShift DAO’s Product and Engineering workstreams will provide guidance and support.
How to get started…https://t.co/3pJM8nvIYu@ShapeShift_io #DAO
— Erik Voorhees (@ErikVoorhees) March 25, 2022
Now that we are open source, anyone is welcome and encouraged to add new features to https://t.co/RtsJBsfELo
ShapeShift DAO product and engineering workflows will provide guidance and support.
How to start…
As Cointelegraph reported, ShapeShift began decentralizing its entire organization in July 2021 in an unprecedented move that included the largest airdrop in history and full open source of its platform.. The ShapeShift DAO Governance Treasury, as well as the company’s employees and shareholders, were given a three-year vesting schedule beginning June 2, 2021.
Meanwhile, the NFT market has slowed considerably from its intense growth pace in 2021. By early March, monthly NFT buyers had fallen below 800,000 for the first time since October as search volumes for digital collectibles were also drastically reduced. Despite the setback, NFT adoption appears to be on an upward trajectory amid broader global awareness.
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