Key Takeaways
- Shiba Inu to launch 10,000 Non Fungible tokens soon
- The NFTs will initially be available for sale only on Shibaswap
- Buyers of Shiba Inu's NFTs will have the option of personalizing their NFTs.
- The Money Paid in SHIB by Buyers will be moved into Designated Wallets.
With the craze for NFT sustaining its momentum in the crypto space, Shiba Inu is set to join the craze in a week by releasing 10,000 non-fungible tokens that depict Shiba Inu's many "lovable creatures." I
n the light of this recent development, NFT enthusiasts will now have the privilege to acquire 10,000 non-fungible tokens that depict Shiba Inu's many "lovable creatures."
The offer is scheduled to commence next week, and interested enthusiasts who would prefer to be among the first to partake will need to start stocking up on LEASH coins.
The Dogecoin killer, Shiba Inu, makes its appearance during the DeFi summer of 2020.
The team behind the project, on the other hand, did not let the initiative wallow in its status as a meme convention. Instead, it constructed a decentralized exchange platform.
The project team has announced their plans to launch their NFT collection to the public.
According to the release, the 10,000 digitized "lovable critters" would be available for purchase "next week (or sooner)," with a "heads up" before the public presentation.
Upon launch, Shiba Inu NFTs will solely be accessible on ShibaSwap, the protocol's DEX, where buying and trading will be "without any fee attached".
However, users will have to pay a transaction fee.
Users will be restricted to purchase them solely with LEASH, one of the Shiba Inu ecosystem's native tokens, for the first 24 hours after the debut. Purchase with ETH will be made available when that time has elapsed.
The NFTs will be called Shiboshis. The initial 3,000 Shiboshis will be offered up for 0.1 ETH in LEASH tokens, and the later 5000 will be offered up at 0.2 ETH, while the final 5,000 will be offered up at 0.3 ETH. Accordingly, a single wallet can purchase not more than 10 NFTS.
In an event where buyers are willing to make payments of $100 in SHIB, they will have the option of personalizing their newly bought digital art. In this case, the purchased Shiboshis will be given to the buyers in general names such as 001.
According to the announcements, once users have paid $100 in SHIB and successfully personalized their NFTs, those funds realized will be moved into a special wallet and burnt.
After the completion of personalized NFTs, a total of $1 million would have been burnt.
The project's team has also assured users of a Shiboshi Game that will enable holders of NFT to spend their tokens playing strategic games. Also, "associated gameplay components" will be connected to some of them.
A perfect example is the iconic laser eyes features that allow players to launch an attack from afar.
Do you think the launch of Shiboshi NFT will impact the future of the project?
