The second largest meme cryptocurrency Shiba Inu (SHIB)continues to establish partnerships with different companies from different sectors. Meme coin has now made a “strong partnership” in the fashion industry.
Shiba Inu lead developer Shytoshi Kusama recently announced the meme coin’s new move to his followers and shared a tweet about Shiba Inu’s entry into the fashion world through its partnership with designer clothing brand John Richmond.
Another powerful partnershib by SHIB. This one will change the #fashion industry forever. Much more details to follow! #shibarmy https://t.co/dz6yvbDK1m
— Shytoshi Kusama™ (@ShytoshiKusama) February 28, 2022
Commenting on the collaboration, the developer stated that more details will be announced soon and said:
“Another strong partnership from SHIB. This will change the fashion industry forever. Many more details to come!”
As seen in a tweet posted on Shiba Inu’s official account, this cutting-edge fashion partnership could feature SHIB and John Richmond-themed ensembles at upcoming runway walks.
Additionally, it is possible that 10,000 John Richmond and Shiba Inu NFTs will be released soon, according to the collaboration, and that SHIB and John Richmond will also hold fashion shows in Milan, Italy. Also, the collection is expected to be available in stores worldwide.
One SHIB user commented on the subject, emphasizing the importance of this partnership:
The partnership between Shiba Inu and John Richmond was announced today, on the last day of Italy’s fashion week. It’s also the first day of Paris Fashion Week. This shows that SHIB will be a part of the fashion world and making its way into this glamorous industry.”
Adoption of SHIB
As noted by KoinFinans, the CEO of movie giant AMC, Adam Aron, announced on Twitter that his company will add support for SHIB and DOGE on March 19 for BitPay-supported online payments on its mobile app and website.
This means that the world’s largest chain of movie theaters may soon start accepting the second largest meme currency, the Shiba Inu. AMC CEO said in a statement:
“BitPay will be available for AMC online payments on our website until March 19th and possibly a few days earlier and in our mobile apps until April 16th”
SHIB’s Popularity Raised 600%
Shiba Inu usage among whale addresses has increased by more than 600 percent in the past 24 hours as the crypto market faces a rebound, WhaleStats reported. Additionally, USD values of SHIB whale holdings rose to $1.4 billion
According to data provided by the whale watching platform, the use of Shiba Inu smart contracts from whale layer addresses on the Ethereum network has increased by at least 600%, indicating that large addresses are more actively interacting with the cryptocurrency.
Interaction with the contract does not necessarily imply a purchase or a transaction. Whale can use all functions written in the contract, including the simple balance check function that almost all cryptocurrency contracts on the blockchain allow.
It is not clear whether the interactions are conducted with a single contract or several contracts. Unfortunately, additional metrics such as volume and netflow show negative data compared to the previous trading session. Volume among whales has nearly halved, while netflow has remained at minus $16 million.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.