Tuesday, April 23, 2024
HomeCryptocurrencyShiba Inu Lead Dev Ignites SHIB Army with Bullish Post

Shiba Inu Lead Dev Ignites SHIB Army with Bullish Post

The Shiba Inu community, popularly known as the SHIB Army, has followed a recent tweet from Shytoshi Kusama, the pseudonymous Shiba Inu lead developer.

The tweet, featuring a Sheboshi NFT – a digital collectible targeted towards female SHIB holders – has ignited enthusiasm and fueled speculation about future developments.

Whale Alert

Read Also: Shiba Inu Lead Dev Unveils Global Adoption Grand Plan For Bigger SHIB Burns 

Kusama’s Cryptic Retweet Sparks Excitement

The tweet in question was a retweet of a post by the official Sheboshis Twitter handle, showcasing a Sheboshi NFT with the caption, “SHE was just retouching her makeup. Here SHE is in all her beauty!”

While the meaning remains intentionally cryptic, the Shiba Inu lead’s retweet was met with a wave of supportive and positive comments from the community. This excitement stems not only from the NFT itself but also from its launch of the newly adopted Ethereum standard, ERC-404.

ERC-404, A New Frontier for NFTs:

ERC-404, a recently introduced standard, blends the functionalities of ERC-20 and ERC-721 tokens. This innovative standard allows for fractional ownership of NFTs.This means multiple wallets can hold a single digital collectible.

The first token launched on this standard, Pandora, garnered immense interest, soaring from $250 to $32,000 within a week of its release. Inspired by this success, other developers have begun exploring the possibilities of ERC-404, further expanding its potential.

Binance Web3 Wallet Integration Boosts Opportunities

The recent announcement of Binance Web3 Wallet integrating ERC-404 adds another layer of excitement for Sheboshi holders. This integration expands the opportunities for interacting with and utilizing their NFTs.

Notably, a portion of the Sheboshis collection will be claimable by existing holders, while others will be available for purchase on decentralized exchanges like Uniswap and ShibaSwap. Proceeds from these sales are reserved for the burning of SHIB and BONE tokens, which aims to reduce the supply and potentially increase their value.

Shibarium Surges Forward

Amidst the NFT-fueled excitement, Shibarium, the Shiba Inu layer-2 solution, has reached a significant milestone. Its total transaction count has surpassed 377.7 million, marking a positive step towards increased network activity and scalability.

Additionally, daily transfers have witnessed two surges, reaching close to 4 million on February 20th and another on the 23rd. This upward trend indicates growing adoption and usage of the Shibarium network.

<

Read Also: Elon Musk Raises XRP and SHIB Armies’ Enthusiasm With His Recent Cryptic Post On X 

Looking Ahead: A Future Filled with Potential

While Shytoshi Kusama’s tweet remains open to interpretation, it has undoubtedly fueled optimism within the Shiba Inu community. The combined factors of ERC-404’s potential, Binance Web3 Wallet integration, and Shibarium’s progress paint a picture of an evolving ecosystem. As the Shiba Inu project develops, it will be interesting to see how these developments translate into concrete advancements and opportunities for the SHIB Army.


Follow us on Twitter, Facebook, Telegram, and Google News

Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
RELATED ARTICLES

Latest News & Articles