In a new blog post, pseudonymous SHIB developer Shytoshi Kusama lays out what’s ahead for the memecoin, including its new line of authentic SHIB-themed physical products.
According to the developer, the line of real-life collectibles, called Shibacals, will be authenticated over Shibarium, the protocol’s layer-2 scaling solution, using electronic chips.
“While not a new concept, eBay, for example, authenticates watches, sneakers, and purses, and rumors of Amazon’s foray into non-fungible tokens (NFTs) abound; Our unique approach of digital authentication of physical items through a near field communication (NFC) chip, creation of the items in house, and blockchain transaction sets us apart and demonstrates just one use-case for Shibarium.”
Shytoshi says this unique approach to authenticating items is a first in the industry and one that sets up favorable conditions for businesses.
“These NFC chips can link to dynamic destinations setting up a myriad of possibilities that are ideal for businesses. This also means that for those who are creators, say people who sell on ETSY or have their own website for creating products, can simply add a Shibacal NFC tag and decide how they want to use this tag for their creations. You are witnessing yet another industry first.”
However, the developer says that neither SHI nor TREAT, the project’s upcoming stablecoin and reward token, have not been released yet and warns investors not to get scammed by fakes.
“And no Treat and Shi are not yet available. Please don’t get scammed.”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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