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


Non-custodial cryptocurrency exchange ShapeShift has burned hundreds of themed collectible “cards” from the blockchain-based mobile game Spells of Genesis. It stated that any cards it still has in its possession would be put under control by its decentralized autonomous organisation, DAO. The remaining cards will also be released in small tranches in the following two years.

On-chain data shows that parties such as ShapeShift are included in the on-chain. at least 817 of the digital cards titled “ShapeShift the Wanderer” — originally minted in June 2015. This announcement came on the heels of an Oct. 12 announcement about the exchange. Designed to destroy 649 cards to make those in circulation “among the most rare [Spells of Genesis] cards in existence and among the oldest NFTs in existence.” Other parties appear to have burned an additional 168 cards at some point in the past as well, leaving less than 200 cards distributable on-chain.