WHALE
Crypto Overview
Overview
WHALE is a social token backed by high-value NFTs and digital collectibles. The project was created by WhaleShark, a prominent NFT collector, with the goal of providing fractional ownership and exposure to a curated portfolio of valuable NFTs.
Purpose and Utility
The WHALE token represents fractional ownership in the WhaleShark DAO's NFT vault, which contains valuable digital art and collectibles. Token holders can participate in governance decisions regarding the vault's management and benefit from the appreciation of the underlying NFT assets.
Business Model
The project operates through a Decentralized Autonomous Organization (DAO) structure, where the underlying NFT assets serve as backing for the token. The business model involves the acquisition, management, and potential appreciation of digital collectibles, with token holders having voting rights on vault operations.
Real-World Adoption
The token has seen adoption primarily among NFT enthusiasts and digital art collectors. The project maintains transparency through regular vault evaluations and public disclosure of held assets.
Development Activity
The platform maintains active development primarily focused on DAO governance mechanisms and vault management tools. The project regularly updates its NFT holdings and provides transparency reports.
Crypto Impact
To assign a comfort level investing in WHALE from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to WHALE.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.