ShibaNFT June 7, 2022


This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.

Basic information

Project name: ShibaNFT
Currency: ShibaNFT (53686962614E4654000000000000000000000000)
Issuing account: rnRXAnVZTyattZXEpKpgTyvdm17DpjrzSZ
Distribution accounts: r3hRQP9fUB7Uu4L99R5MEdSmNXZoA4omzQ, rn1oWMXpd4mgozyVwDUYFJgU7FfbTFX9ir, r97UzqBwAq88x3wzQQH6nyXVDoc3td5moC, rGUGtspVm5M2gXedRRQvYs3hKwfHYxFbjN

This is revision number 1, signed June 7, 2022 by rGUGtspVm5M2gXedRRQvYs3hKwfHYxFbjN

Description: ShibaNFT is building a self sustaining NFT eco-system on the XRPL. We are developing an application that will utilise ShibaNFT to interact with augmented reality features and gaming features. Phase 2 will implement a NFT marketplace where we will further utilise the ShibaNFT token for the minting process. The aim is to bring the masses to the XRPL and educate them on crypto/NFTs. Brand awareness is crucial within this strategy which is why we are working with celebrities & real world companies to take this project global, generate dual utility for our token & generate a utility for NFTs in the real world.

Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

We are building on the XRPL. The best network. We ARE generating utility for our asset which is essential to sustaining longevity within the crypto space. Working with celebrities & real world companies is also pretty rare on the XRPL. Caring for our community and working hard to change as many lives as possible is something we are completely committed to.

Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?

We are creating a utility for our token within the augmented reality/p2e gaming sector. We are also creating a utility for NFTs which helps the masses start to understand that an NFT isn't just a 3D cartoon. There's a big stigma attached to the space which we aim to change through our marketing process. We aren't just an NFT project. We are bringing everything to the XRPL to showcase how amazing this network is.

Whitepaper/sales material:

The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.

Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.

Bug bounty program: This is not applicable for this token.

Legal Entity

The self-assessment is made on behalf of a legal entity (for example the issuer is a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).


Website information: The website should disclose the following information:
  • Details of the legal entity: official name and registry code, company headquarters mailing address
  • Contact information: e-mail and other contact information
  • Core team members
  • Whitepaper if available

The website contains relevant information.

Business plan: A business plan should entail:
  • the amount of revenue and expenditure by area of activity
  • obligations related to the issuing of the token
  • the technical administration of the company
  • operational strategy
  • the intended activities related to the token
  • general principles of risk management and strategy of risk management
  • policy for the financing of activities.

The issuer has developed a business plan for the next 3 years.

Risk assessment: A risk assessment should include identification of, assessment of impact and likelihood and mitigation measures and status of implementation for applicable risk scenarios.

The issuer has conducted risk assessment and implemented risk management activities.

Internal policies: Critical internal policies are necessary to manage risks.

The issuer has adopted and implemented appropriate internal policies and procedures in the areas of information security, business continuity, risk management and accounting.

Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.

The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).

Self-assessment revisions
Revision 1June 7, 2022