Over the last several weeks, it seems that everything associated with the Shiba Inu (SHIB) cryptocurrency has appreciated in value. The Shiboshis are now seeing a surge in demand as well.
Shiboshis are the Shiba Inu ecosystem's natives (NFTs), as CryptoPotato revealed prior this month.
This is a batch of 10,000 digital animals that went on sale around ten days ago and sparked a massive demand.
The NFTs cost between 0.1 and 0.3 ETH depending on when they were minted, and each wallet could only mint a maximum of 10 Shiboshis, according to the official article.
The whole affair was finished in about 35 minutes, and, as many had predicted, Ethereum rates surged, with users reporting minting prices of high to $700 per NFT.
Nonetheless, the event was a success, as shown by the following secondary market listing.
Shiboshi holders may now make gains ranging from 300 percent to 900 percent, depending on when they were able to mint.
This is because the Shiboshi NFT series' floor price on OpenSea is presently about 1.1 ETH, up more than 30% in only the last few days.
The Upcoming NFT Drop of Shiba Inu (SHIB): Everything You Need to Know About Shiboshis
NFT fans will be able to buy 10,000 non-fungible tokens symbolizing Shiba Inu's different "lovable animals." The sale is expected to begin next week, and those who want to be among the first to partake will need to stock up on LEASH coins.
Shiba Inu, dubbed the Dogecoin killer, made its debut during the DeFi summer of 2020, but the team went one step further by building its own decentralized exchange.
The team has revealed that they would be releasing their own NFT collection.
The 10,000 digitized "lovable critters" will be on sale "next week (or sooner)," according to the message, which promised to provide a "heads up" before the formal debut.
The Shiba Inu NFTs will initially be accessible solely on ShibaSwap, the protocol's DEX, where purchasing and trading will be "totally free (except for the gas price)."
Users will be able to purchase them solely using LEASH, one of the Shiba Inu ecosystem's native tokens, for the first 24 hours following the debut. ETH purchases will be accessible when that time period has passed.
The first 3,000 Shiboshis, as they're known, will be sold for 0.1 ETH in LEASH tokens. The next 5,000 will cost 0.2 ETH, and the last 5,000 will cost 0.3 ETH. A single wallet may only purchase a total of 10 NFTs.
If buyers are prepared to spend $100 in SHIB, they will also be allowed to title their freshly bought digital art. Shiboshis will be given general names such as 00001.
After the user renames his NFT and pays the $100 in SHIB, the cash will be transferred to a burn wallet. The message states, "If everyone names their Shibashis, that will be a $1 million dollar burn."
The team claimed that a Shiboshi Game will be released that would enable all NFT holders to spend their tokens in strategic games. "Corresponding gameplay components" will be connected to certain of them.
Some Shiboshis, for example, will be equipped with the notorious Laser Eyes, which "could offer the player the capacity to strike from a vast distance."
Written by: Anmolika Saxena
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 NFTs Surge as Floor Price Now Sits Above 1 ETH){kind=link}
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