The popular dog-themed cryptocurrency Shiba Inu (SHIB) has announced 3 important developments today. The developments include the highly anticipated Shibaverse, a partnership, and the Shibarium update. Following the announcements, meme coin’s burn rate increased by over 400%. This increase attracted attention due to the fact that it emerged after the 3000% increase in the burning rate in recent days.
Shiba Inu unveils new Metaverse hub
Shiba Inu’s official Twitter account announced that the SHIB Metaverse team has revealed a concept image of a new Metaverse hub called Rocket Pond. The team created the new hub together with the studio THE THIRD FLOOR. Earlier this week, they presented a color version of the center, which was shared with a black and white drawing, to the community this time. Hubs are the highest value domains in the Metaverse. They are also virtual pieces of land that are locked or set aside to be sold at a high price.
The image featured rockets rising and a huge moon. In the crypto space, rockets symbolize a massive rise in the price of an asset. At the same time, the month is one of the frequently used indicators to express this price rally. In other words, the new image emphasizes the future of a great rise for SHIB. Shibaverse will contain approximately 100,600 virtual pieces of land, as we have reported as Kriptokoin.com. Of these, 36,431 will be on sale at the time of the presentation. Others will be reserved. More than 19,000 land sales have been made so far.
John Richmound ready to release SHIB-themed NFT collection
Shiba Inu’s (SHIB) real-life business partner, Sir John Richmond, is ready to wreak havoc with his new collection and loads of big news as Milan Fashion Week is about to kick off. Famous British fashion designer John Richmond recently published a tweet. Accordingly, it has announced that it will showcase its new collection at the upcoming Milan Fashion Week starting September 20, 2022.
Also, Shiba Inu’s official partner said he will come with “lots of big news” at the event. Thus, it aroused great curiosity in the Shiba Inu Community. Then, he asked the Community a question: “What do you expect from this fashion week?” It looks like Richmound will mark Milan Fashion Week with its collection and surprises.
Major update for Shibarium
Shibarium developer Unification has announced a few key updates, including details on the xFund and Shibaswap bonus in the upcoming Shiba Inu layer-2 protocol, Shibarium. Accordingly, the company is continuing its plans for the upcoming protocol’s fourth alpha and public testnets. The company’s announcement also doubles down on planned plans for these testnets for the end of September.
Unification also reminded the community that the deadline for final xFUNDs requests is near. On August 22, Unification successfully minted the final xFUND and set a one-month maximum claim period ending September 22, 2022. After this deadline, the smart contract will burn all unclaimed xFUND tokens. On the Shibaswap bonus side, it will be possible to claim some xFUNDs until next year.
SHIB burns increased by 400%
After all these developments, there was a great increase in SHIB burns. SHIB burn rate has increased by approximately 408% in the last 24 hours. Thus, 3 times more SHIBs were destroyed than in the last two days. A total of 165,822,242 SHIB tokens have been transferred to dead wallets since yesterday morning. cryptocoin.com As we have reported, the rate of Shiba Inu burning continues to increase in recent days.
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