Shiba Inu (SHIB) has always been ready to produce useful projects for its project rather than settle for the “meme token” title. The Shiba community is now preparing to enter Web3 and the metaverse using the newly released Shiboshis. According to a recent Shiba Inu podcast edited by Shiba team Gossip Shib, important information about Shiboshi was shared with the SHIB community by Shiba Inu main developer Shytoshi Kusama and MilkShake, a big supporter of the cryptocurrency. In this article, we’ll cover everything you need to know about Shiboshi, including how games, the metaverse, and other Shiba Inu startups are built around NFT.
What is a Shiboshi?
Shiboshis are a collection of 10,000 unique NFTs built on Ethereum. Shiboshis can be used for accessories, abilities, hats, clothing, etc. differ from each other in terms of According to the team, each Shiboshi has its own characteristics in an upcoming game and NFTs will be brought to life through the game. NFTs were officially made available to investors on October 14, 2021, with varying prices. Alongside Shiboshi’s use in gaming, NFTs will be an important part of the Shiba Inu ecosystem’s growth into new industries, specifically Web3 and metaevrse. Shiba Inu’s expansion into Web3 and the metaverse suggests the future is bright for the dog-themed cryptocurrency as its value and adoption continues to rise.
With the launch of Shiboshis on Ethereum, the price of gas fees increased drastically at that time. Interestingly, the collection sold out in 34 minutes, making Shiboshis among the fastest NFT sales since the inception of NFTs.
Shiba Inu ecosystem’s new technology
10,000 Shiboshis were initially released on the Ethereum network. However, after the increase in gas fees, the Shiba team is considering moving NFTs to its own network, Shibarium, which is a layer-2 Blockchain. The network is still under development. However, when the Shibarium finally launches, the Shiba team will be playing SHIB, games, etc. will bring all of its other projects, including
When can I buy Shiboshi?
On October 14, 2021, Shiboshi was presented to the Shiba Inu community for members to own the NFT part. 10,000 unique NFTs were sold at varying prices and in mails. At the time of sale, the first 3,000 Shiboshi were minted for 0.1 ETH per unit (mint). The next 5,000 Shiba Inu NFTs were offered at 0.2 ETH, while the remaining 2,000 Shiboshi were minted at 0.3 ETH per unit. During the initial release of Shiboshi, each wallet was limited to purchasing only 10 units of NFT in order to enable more people to purchase the asset class. Users are allowed to access digital collections on the Shiba Inu decentralized exchange, ShibaSwap. Shiboshis have since been made available in other NFT markets, including OpenSea.
Since the launch of NFT, over 3,400 ETHs worth approximately $10.7 million have been traded in various markets in recent days. It is worth noting that the price of some Shiboshis has risen as high as 50 ETH.
Shiboshi features
Besides trading and printing Shiboshi, Shiba Inu is seeking adoption of NFT in other use cases, largely focusing on the upcoming SHIB game and the Shiberse metaverse.
Shiba Inu (SHIB) burn mechanism
Shiboshi buyers will be allowed to name the NFT whatever they want, according to Shiba Inu lead project developer Shytoshi Kusama, and this exercise costs an additional $100. Requires SHIB payment. According to Kusama, the fee will be used to purchase SHIB, which will be sent to an address as part of efforts to reduce the total supply of the cryptocurrency, which was initially capped at 1 quadrillion. Currently, around 259 billion SHIB have been sent to the dead wallet in a series of incineration mechanisms for the token.
Shiboshi game and metaverse
The Shiba Inu team wants Shiboshi to be more than an NFT as they plan to bring every character to life through the upcoming Shiba Inu game. Kusama noted that Shiboshi owners will be allowed to use their NFTs in strategic play. Some Shiboshi NFTs may have corresponding game elements. For example, laser eyes Shiboshis can come in handy when a player wants to attack from long range. Also, each character in the game Shiboshi will have multiple attributes that allow you to use them for different purposes during the game. The game is currently being developed by PlaySide Studios in collaboration with Activision veteran William Volk, and the game is expected to be released in the first quarter of 2023.
Using Shiboshi to play the game will also allow players to earn special rewards that can be used to upgrade each character’s weapons. According to Kusama, the upcoming Shiboshi game is not just any card game, but a multiplayer card game that will see players collect and fight cards. Kusama stated on Discord that the Shiba Inu game will be similar to Hearthstone.
Shiba Inu metaverse
Shiba Inu recently announced the metaverse project that will allow the dog-themed cryptocurrency to enter the virtual reality world. While it’s unclear how Shiboshi will kick in, parts of the metaverse are expected to be exclusive to NFT owners. The Shiboshi club was created as a hangout spot for NFT holders as well as a way to provide exclusive access to different benefits that will be released exclusively for the asset. Joining Shiboshi social clubs provides privacy, direct communication with Shiba Inu developers, first-hand information about upcoming updates, etc. provides a number of advantages such as However, access to the club is limited to Shiboshi investors only. As stated by Kriptokoin.com, 3 more new projects are waiting for the Shiba ecosystem. Details for ShibaSwap 2.0, Shibarium and Shibverse can be found here.
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