ShapeShift DAO launches NFT auction to support female artists

Nonfungible tokens have one of the most popular use cases of blockchain technology, in 2021 generating billions of dollars in revenue.

ShapeShift DAO launches NFT auction to support female artists

Non-custodial cryptocurrency platform ShapeShift DAO has launched a new NFT auction in support of female artists in the nonfungible token and blockchain industries of the population that remains in this digital economy. 

The auction for "Block 495559 Crypto Kitties and the Great Hairball in the Tubes," a collaborative one-of-a-kind NFT series created by female artist LunaHawk and ShapeShift DAO director GrayMachine, will be held on OpenSea between April 4-11. The NFT series was minted on the Ethereum main net and will include custom, animal-themed digital art that conveys the history of crypto-assets through different animals. 

ShapeShift DAO members approved of LunaHawk's 10-piece NFT series in Oct 2021. The collection was first displayed at the ETHDenver conference in Feb.

As per GrayMachine, the NFT auction will be a first of a series that will launch in the "coming weeks and months."

ShapeShift DAO aims to contribute 10% of the NFT proceeds to the Women of crypto Art Fund, a community group that supports women in the digital art space. The contributions will be made via the Giveth crypto-focused charitable funding platform. 

to promote women in blockchain, ShapeShift DAO said the auction will support the needs of the decentralized autonomous organization as it continues to grow.

ShapeShift began to decentralize its entire organization in July 2021 in an unprecedented move that included the largest airdrop in history and open sourcing of its platform code. The ShapeShift DAO Governance Treasury, as well the company employees and shareholders, were given a three-year vesting schedule beginning June 2, 2021. 

The market for NFTs has slowed considerably from its torrid growth pace in 2021. early March, monthly NFT buyers had dipped below 800,000 for the first time since October as search volumes for digital collectibles also declined Despite the pullback NFT adoption appears to be on an UPWard trajectory aimed at broader global awareness.

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