Shiba Inu, one of the most prominent meme coins functioning atop the Ethereum blockchain, recently marked a storm of breakthroughs across the global cryptocurrency realm with its latest version of The Shib magazine. The magazine, launched on Valentine’s Day, contained imminent revolutionary measures the meme coin’s community plans to take to further jack up Shiba Inu’s ecosystem. Concerning this, the community ruled out facilitating SHEboshis, aiming to explore the untapped potential of ERC-404, an experimental and unofficial Ethereum token standard.

Meanwhile, the community additionally outlined strategies to position Shibarium as the meme capital of the world while also staging it as a ‘Network State.’ The SHIB token further mirrored the community’s plans to advance Shiba Inu’s cryptographic venture, trading in the green as of press time.

A Closer Look Into The Shib Magazine

According to the most recent version of The Shibmagazine, SHEboshis aren’t any regular NFTs. Instead, they come with a punch of capabilities that make them the perfect partner for Shiboshis, an NFT collection launched in October 2021. Notably, Sheboshis are poised to revolutionize SHIB’s NFT venture, although the impact of ERC-404’s experimental functioning remains to be seen.

The community also provided vital insights on claiming Sheboshis within the Shiba Inu ecosystem. Shiboshi holders appear to be benefiting the most in the upcoming claiming process. Intriguingly, the first batch eligible to claim the SHEboshis are Shiboshi holders, who can claim it for free. The claiming process, however, remains subject to the amount of Shiboshis held, among many other factors, like the duration for which it was held.

Subsequently, the remaining SHEboshis will be available to LEASH holders for the next 24 hours. The community hopes to express gratitude with this, offering its supporters the chance to get their hands on the ERC-404 token before anyone else. Following this, the community revealed plans to provide SHEboshi to the rest of the crypto realm, if any are left.

In the interim, The Shib magazine also highlighted that the claiming process could start somewhere around the weekend, captivating noteworthy interest. Moreover, the community also revealed plans for staggering announcements in the works, which the Shiba Inu ecosystem might expect after the SHEboshi mint is complete.

Significant attention to Shiba Inu’s partnership with D3 Inc. was also garnered. The partnership aims to position Shibarium as a Network State across the cryptocurrency realm while also fostering a global concept of a .SHIB domain, a Shib name service. In addition, Shiba Inu’s partnership with Bad Idea AI was also illuminated, stressing the community’s dynamic nature that now encompasses AI within Shiba Inu’s ecosystem.

With this, Shiba Inu appears to have marked a tempest of strides with its latest version of The Shib magazine, propelling SHIB’s price pump within the market.

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Shiba Inu Price Jumps

As of writing, the Shiba Inu price noted an uptick of 2.50% over the past 24 hours and is currently trading at $0.000009768. The meme coin’s trading volume noted a substantial 47.23% surge, whereas its market cap rose 2.54%. With the revolutionary advancements coming into the light, as mentioned above, crypto market enthusiasts expect to see further bolstered prices shortly ahead. Meanwhile, Shiba Inu’s Sharbi announced the launch of FETCH bridge between Shirbarium, Ethereum, and Arbitrum, propelling further optimism for the token.

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The post Shiba Inu Unveils The Shib Magazine’s Latest Edition, Here’s Everything appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am