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. The team said that the remaining cards in its possession will be placed under the control of its new decentralized autonomous organization, or DAO, and unlocked in limited tranches over the coming two years.

According to on-chain data, parties including ShapeShift have burned at least 817 of the digital cards titled “ShapeShift the Wanderer” — originally minted in June 2015. This news followed an Oct. 12 announcement that the exchange intended 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.