Created by three developers, ShibaNFT is a cryptocurrency on the XRP ledger. The token derives its dual utility via ShibaNFT's marketplace, allowing for minting, burning, and payments. The platform also has merchandise available online.
ShibaNFT tokens are available on exchanges including xumm dex trade, cointiger, indoex, and swft blockchain. Payment options available for the purchase of ShibaNFT NFTs are limited to XRP and SOLO. All the platform's NFTs are listed on the solo marketplace. There is also an auction bot built into ShibaNFT's telegram group that accepts bids in ShibaNFT & XRP.
The platform plans to offer users the ability to buy NFTs with ShibaNFT on its own NFT marketplace. ShibaNFT can be used as a form of payment in the platform's merchandise store. The funds are returned back into the ecosystem for brand development, and some of the funds are burnt. ShibaNFT can also be used for bidding in the NFT auctions in the platform's Telegram group. The funds are burned to benefit the ecosystem via the decrease of the max supply.