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  • 28 Oct 24

Shiba Inu Prepares Major Update for Shiboshis NFTs

The Shiba Inu team has announced an important update for Shiboshis NFTs operating on the Shibarium L2 blockchain.

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The Shiba Inu team has announced an important update for Shiboshis NFTs operating on the Shibarium L2 blockchain. This information was shared in a post on Monday, October 28, by Lucie, the project's marketing lead.

According to the announcement, the Shiboshis team is ready to implement the following improvements:

  • New focus on the role of NFTs in the Shiba Inu ecosystem.
    • Unique events and rewards for holders.
    • Reduction of gas fees.
    • Community tips on bridging, allowing users to bridge for just $2 in the project's Discord.

Such initiatives significantly strengthen the position of Shiboshis and open up new opportunities for holders. Lucie also mentioned that it is important for the project team to make Shiboshis more integrated into the ecosystem while improving the user experience regarding transaction costs.

How Will the Updates Affect SHIB?

Meanwhile, cryptocurrency market participants are discussing how these updates will impact the price of the native Shiba Inu token. Over the past week, the coin's value has dropped nearly 10%, and at the time of writing, the token is trading around $0.00001707, which is 0.98% higher than the previous day. However, no significant positive reaction has been observed yet.

Shiba Inu (SHIB) to USD chart price. Source: Coinmarketcap
Shiba Inu (SHIB) to USD chart price. Source: Coinmarketcap

Despite this, SHIB holders remain optimistic about the long-term prospects of the meme coin due to the upcoming updates and a substantial reduction in supply caused by an increase in the burn rate of 6,750%. Additionally, increased activity on Shibarium may also influence price growth.

We will continue to monitor the team's further actions, as these changes could have a significant impact on the future of the token. At the same time, the new features for Shiboshis highlight the growing interest in NFTs as an essential component of the ecosystem, potentially opening new horizons for collectors and investors.

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