A Vancouver-founded, charity-focused non-fungible token (NFT) collection has raised a 9.04 ETH donation for dog shelters.
Shiba Shelter was created with a mission to empower dog shelters around the world.
The donation was a scheduled upon sell-out of the 5,555 token collection and token holders voted to gift three shelters – PAWS Chicago, Muttville Senior Dog Rescue, and Edinburgh Dog and Cat Home – with 2.5 ETH each (USD $8,281 at the time of donation). Seven other shelters received 0.22 ETH each.
With cryptocurrencies becoming more widely-adopted, the Shiba Shelter team believes that the adoption of cryptocurrency donations at smaller shelters, could enable a new and large source of funding to shelters in need.
The collection also sets out to donate a portion of ongoing royalties to shelters on a monthly basis, as voted on by token holders in a Snapshot-based decentralized autonomous organization (DAO) like structure.
The team has so far donated 11.17 ETH since it’s inception in late November 2021, their initial sale date. The team also sets out to help onboard shelters with the desire to accept cryptocurrencies in guiding them on the next steps.
Regarding Shiba Shelter’s next moves, “The team has begun actively exploring partnerships in the NFT space, clothing brands, and beyond, as well as expanding more into the web3 space”, says co-founder Alex Lau.
Token holders of the Shiba Shelter are also entitled to ownership rights of their artwork as disclosed in the collection’s terms and conditions, as well as access to future community-based events, and passive giving utility.