Shiba Inu Restaurant Set To Launch SHIB-Inspired Welly NFTs This Week


Shiba Inu Restaurant Set To Launch SHIB-Inspired Welly NFTs This Week

Will the NFTs inspired by SHIB sell out in 35 minutes as well?

This week, the Shiba Inu restaurant Welly will debut its new Welly NFT collection, providing SHIB holders another SHIB-inspired NFT option outside of the Shiboshi collection. But when will this Welly NFT be released?

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While not officially linked with SHIB, the Welly team has worked with Shiba Inu on a number of occasions, even providing SHIB some ownership of the firm.

Shiba Inu Welly NFT Minting

The Welly NFT mint appears to be organized in the same way as the Shiba Inu land auction for the Shiba Inu metaverse, with three separate phases.

The following are some of them:

Phase 1 begins at 8 p.m. UTC on June 9th.

  - For the first 12 hours, only Shiboshi and LEASH holders will be able to use it. After the 12-hour period, for BONE and SHIB holders.

  - 0.12 ETH is the price.

  - The maximum number of NFTs per transaction is ten.

Phase 2 begins at 8 p.m. UTC on June 10th.

  - Users who have been whitelisted are available (Dubbed Red Sauce and Green Sauce members)

  - 0.12 ETH is the price.

  - 4 transactions maximum

Phase 3 begins on June 11th.

  - Public Mint is open to the public.

  - 0.15 ETH is the price.

This puts the NFT rates between $216 and $271, including gas, depending on the current price of ETH.

According to the Welly website, the mint will take place on their own website. The mint's location, however, has yet to be linked.

What Is Shiba Welly NFT Collection All About?

The 10,000 NFTs will have a variety of the 140 unique traits that were generated. These appear to feature various articles of apparel, caps, accessories, facial expressions, and food or drink based on the already revealed photographs of these 3D figures.

This 10,000 NFT collection will feature 3D models of Shiba Inus in various attire in the hopes of replicating the Shiboshi NFT mint, which sold out in only 35 minutes.

The announcement of this forthcoming NFT mint comes only days after the Welly Discord channel was hacked. Following the compromise of a team member's account, the account spammed phishing links via a phony minting site, resulting in the loss of Shiboshi NFTs, Shiba Inu land, and other NFTs. However, many of them have been found.

The Welly team outlined numerous advantages of this NFT when explaining its utility. Discounts, priority requests for a Welly franchise, and a share of the restaurants' net revenues are among them. Holders of NFTs who see their NFTs utilized in marketing will be compensated.

This SHIB-based NFT is unusual, according to the Welly website, since it is "the first NFT initiative with a real-life business directly tied to the collection."

Outside of the NFTs, Welly has stated that the Doggy DAO will not only provide Shiba Inu part-ownership but will also contribute to the SHIB Burns

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