What You Need to Know About Shiboshis

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NFT fans will be able to purchase 10,000 non-fungible tokens representing various “lovable creatures” released by Shiba Inu. The sale should start as early as next week, and users will have to load up with LEASH coins if they want to be among the first to participate.

  • Touted as a Dogecoin-killer, Shiba Inu saw the light of day amid the DeFi summer of 2020, but the team took a step further by launching its own decentralized exchange.
  • The team recently announced plans to release its own NFT collection.
  • The post explained that the 10,000 digitalized “lovable creatures” will be set for sale “next week (or earlier),” and it promised to provide a “heads up” before the official launch.
  • Initially, the Shiba Inu NFTs will be available only on the protocol’s DEX – ShibaSwap, where buying and trading will be “completely free (except for the gas fee).”
  • In the first 24 hours after the launch, users will be able to buy them only with LEASH – one of the native tokens of the Shiba Inu ecosystem. After that time period, ETH purchases will also be available.
  • The first 3,000 Shiboshis, as they are called, will go for 0.1 ETH in the equivalent of LEASH tokens. The next 5,000 will cost 0.2 ETH, and the final will be for 0.3 ETH. A single wallet can buy a maximum of 10 NFTs.
  • Buyers will also be able to rename their newly acquired digital art if they are willing to pay $100 in SHIB. The Shiboshis will come with generic names like 00001.
  • Once the user renames his NFT and pays the $100 in SHIB, those funds will go into a designated wallet to be burnt. “If everyone names their Shiboshis, that will be a $1 million dollar burn,” reads the statement.
  • The team promised that there will be a Shiboshi Game that will allow all NFT holders to use them in strategic gameplay. Some of them will have “corresponding gameplay elements attached.”
  • For instance, some Shiboshis will have the infamous Laser Eyes, which “might give the player the ability to attack long distance.”
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