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Rachel Welch

27 September 2022 134 Read NFT


The Shiboshi NFT

The Shiboshi nft is an incredibly valuable cryptocurrency, making it one of the most valuable cryptocurrencies in the world. It can be sold at a wide variety of prices, depending on its attributes. For example, the price of a "Capped Doge" NFT can go up to $70,000. Another notable price was achieved in August, when digital art featuring Kabosu briefly became the world's most valuable NFT at $110 million, post fractionalization.

Shiba Inu

Unlike other cryptocurrency projects, Shiba Inu is designed to be used for peer-to-peer digital payments. In addition, it will also be a payment method for businesses that accept it. However, it does not yet offer any competitive advantages over other cryptocurrencies and is not as widely accepted as Bitcoin. In July 2021, it was reported that there were more than 600 businesses that accepted it, compared to more than 7,500 businesses accepting Bitcoin. The Shiba Inu team also launched a trading platform called ShibaSwap. 

While the Shiba Inu team has not had any success in the NFT market, they are building a new ecosystem around the token. While it has not had a great run in the NFT market, it has managed to top the list of whales in recent weeks. As a result, their team needs to be more proactive in trying to restore the market's growth. Additionally, the social dominance metric for the Shiba Inu token has gone down over the last week, which means a lack of hype. The weighted sentiment surrounding the token is down too.

Shiba Inu has also branched out into the fashion industry. Italian clothing designer John Richmond has announced a partnership with Shiba Inu. The collaboration will result in runway walks where models will wear outfits that combine the designs of the two brands. In addition, Shiba Inu will issue NFTs branded by the brands.