The Chronicles of Shibaria The NFT Collection Extends SHIB’s Influence Beyond Memes
SHIB holders demonstrate their ingenuity by publishing an NFT collection and a comic book. SHIBA INU’s crypto-mania serves as the inspiration for the Shibarian Chronicles series, which will premiere in February 2022. They’ve taken the time to create highly detailed and high-quality characters, which is a refreshing change from the usual pixelated fare.
What exactly is a NFT Collection – SHIB?
Shiba Inu (SHIB) was founded in 2020 by Ryoshi. It is named after the adorable and cuddly dog of the same name. Bear in mind that Dogecoin is not confused with Dogecoin, which uses the same breed of dog as its mascot. Shiba Inu is referred to as a “Dogecoin killer.”
Like many other cryptocurrencies, Shiba Inu is based on a decentralized computer network powered by blockchain technology. This blockchain database tracks and manages the cryptocurrency, verifying and recording each transaction. As a result, the database becomes a repository for the long-term movement of the cryptocurrency. Shiba Inu and Ethereum are identical in terms of security and scalability, as both are built on the Ethereum network.
Purchasing and selling Shiba Inu puppies costs only a few cents. When the price of one coin was even less than $0.00005, approximately 200 coins were required to equal one cent. According to CoinMarketCap, about 549 trillion Shiba Inu NFT coins are in circulation, making them worth more than $26 billion. They are nearly a quadrillion in number. However, Vitalik Buterin, co-founder of Ethereum, irreversibly “burned” approximately 40% of those currencies, indicating that they had been destroyed.
The Shibarian Chronicles
People who are not interested in cryptocurrencies but collect NFTs and comic books will be fascinated to see if this new method of supporting SHIB increases investor numbers.
The Shibarian Chronicles’ second objective is to burn SHIB tokens. For those who are unfamiliar. The term “burning” refers to the act of removing SHIB tokens from circulation. This can be accomplished by transferring tokens to a specified wallet. The Shibarian Chronicle has pledged to burn a percentage of their NFT sales revenue to reduce the billions of SHIB tokens in circulation. Why is this significant?
To be sure, supply and demand are at work here. The SHIB community has banded together to implement several methods for burning the billions of units of excess supply. According to my observations, The Shibarian Chronicles appear to be taking their role in supply reduction very seriously.
While NFTs have existed for some time, how easy is it for thieves to claim a digital item? The Shibarian Chronicles customers will have complete ownership of the physical treasures they purchase from the company. Customers who buy Deluxe Digital NFT will also receive a printed copy of the digital artwork. Each piece of artwork will be hand-signed and numbered by the artist, including the NFT’s public address. This ensures that the items’ digital NFT counterparts will always verify ownership. Buyers of the collections will verify the artwork’s authenticity by examining the digital NFT stored on the blockchain, which is a straightforward process.