Shiba Inu developers have introduced a new service called Shibacals that allows users to connect real-world assets to non-fungible tokens (NFTs). This announcement has resulted in a rally for the SHIB token, with a more than 7% increase in value over the past 24 hours.

Shiba Inu Introduces Shibacals

The developers of Shiba Inu have unveiled their latest project, Shibacals, which aims to link physical assets to NFTs. The service will be an integral part of the Shibarium ecosystem, a layer-2 blockchain focusing on NFT applications in the Shiba Inu ecosystem. Shibacals will leverage NFC chips to authenticate physical items and prove ownership within the Shiba Inu ecosystem. The developers expect to launch Shibarium before the end of the year.

Lead developer Shytoshi Kusama highlighted the importance of Shibacals in verifying physical items within the growing NFT market. By using NFC chips, this service aims to enhance the value and authenticity of collectibles in the Shiba Inu ecosystem. Additionally, the Shibacals tags can be adopted outside of Shibarium for wider blockchain ecosystem applications, such as product verification.

SHIB Token Rallies

The native token of the Shiba Inu ecosystem, SHIB, has experienced significant gains in the market. In the last 24 hours, SHIB has surged by over 7%, outperforming other major cryptocurrencies. Currently, the price of Shiba Inu stands at $0.00000784 per coin, representing a more than 20% increase in the past week.

Frequently Asked Questions (FAQ)

What is Shibacals?

Shibacals is a service introduced by Shiba Inu developers that allows users to link real-world assets to non-fungible tokens (NFTs). By leveraging NFC chips, Shibacals aims to authenticate physical items and prove ownership within the Shiba Inu ecosystem.

What is the Shibarium ecosystem?

Shibarium is a layer-2 blockchain developed by Shiba Inu. It focuses on metaverse and NFT applications within the Shiba Inu ecosystem. Shibarium will be powered by SHIB, BONE, and LEASE tokens, and it is expected to launch before the end of the year.

Why has the SHIB token rallied?

The introduction of Shibacals has sparked a rally for the SHIB token. SHIB has experienced a more than 7% increase in value over the past 24 hours. Additionally, SHIB has outperformed other major cryptocurrencies in the market recently.

What is the current price of Shiba Inu (SHIB)?

At the time of writing, the price of Shiba Inu (SHIB) is $0.00000784 per coin. Over the past seven days, SHIB has seen a significant increase of more than 20%.