• (SHIB) is powering the world’s first fast-food NFT for Eat Welly burger joint on its network.
• There are 10,000 pieces in the collection. Each piece has its own unique combination of attributes.
• Analysts still see a bearish outlook for the SHIB market despite the hype surrounding the NFT launch.

Shiba Inu (SHIB) is powering the world’s first fast-food NFT for Eat Welly burger joint on its network. It was launched on June 9. The initial phase has been live since then. Other stages of the project will be added as they progress. It does seem, however, that analysts still have a bearish outlook on SHIB’s price.

SHIB’s new NFT collection is titled “Eat Wellys” and was designed by @chico_rata. This collection includes 10,000 NFT, and each piece comes with a unique combination of attributes. There are total 140 attributes distributed across all NFTs.

The uniqueness of this NFT collection comes down to the fact that it can be directly linked to a business. OpenSea is the current home for this collection.

LEASH and Shiboshi holders received Welly NFTs after phase 1 of the mints opened on June 9. BONE and SHIB holders were invited only to mint Welly NFTs in the final 12 hours of phase 1. The project’s second phase will commence at the close of the initial phase. It will also include a public auction.

Analysts remain bearish despite all the hype surrounding the NFT launch. SHIB is expected to see a 20% price drop as analysts are convinced that the descending triangle has been confirmed on SHIB’s chart.

According to CoinMarketCap, SHIB’s current value is $0.000008715. This price drop of 15.25% occurred within the past 24 hours.

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