Shiba Inu Team Launches SHEboshis NFT Collection, Utilizing Ethereum ERC-404 Token Standard
Shiba Inu, the popular cryptocurrency project, has recently announced the launch of their highly anticipated NFT collection called SHEboshis. This collection will utilize the innovative Ethereum ERC-404 token standard, combining elements of ERC-721 and ERC-20.
The team behind Shiba Inu aims to enhance liquidity and support fractionalization of NFTs through the utilization of this new standard. By doing so, they hope to revolutionize the NFT space and further expand the opportunities for investors and collectors.
Initially, the collection was supposed to be minted exclusively on the Ethereum network. However, a bug in the system allowed some wallets to mint more NFTs than were originally allocated. To address this issue and accommodate those who were initially unable to mint, the team has decided to increase the total number of SHEboshis from 12,000 to 20,000.
For those who miss out on the initial minting phase, unclaimed SHEboshis will later become available for LEASH holders. This move aims to provide an opportunity for those who were unable to participate initially to still acquire these highly sought-after NFTs.
The bug in the system actually turned out to be a blessing in disguise for the Shiba Inu team. The unexpected sales surge generated a whopping 652 ETH, which will be put to good use. The team plans to allocate 50% of these proceeds to important initiatives such as token burns, charity donations, team support, and liquidity for the NFT project.
Specifically, the team has expressed their intention to support efforts in Japan, as well as make contributions to the Manny Pacquiao Foundation and Women in Blockchain. This demonstrates their commitment to making a positive impact and supporting causes that align with their values.
The remaining revenue will be utilized to cover operational expenses and contribute to the team’s decentralized future mission. This is a testament to Shiba Inu‘s dedication to building a strong and sustainable ecosystem that benefits both investors and the broader cryptocurrency community.
With the launch of the SHEboshis NFT collection, Shiba Inu continues to solidify its position as a leader in the cryptocurrency and NFT space. Investors and collectors alike can look forward to participating in this exciting opportunity and potentially benefiting from the future success of the project.
Analyst comment
Positive news: The launch of the SHEboshis NFT collection by Shiba Inu enhances liquidity and expands opportunities for investors and collectors. The bug in the system allowed for increased allocation of NFTs, benefiting those who missed out initially. The unexpected sales surge generates significant proceeds for important initiatives, demonstrating Shiba Inu’s commitment to making a positive impact. The revenue will also contribute to the team’s decentralized future mission. The launch solidifies Shiba Inu’s position as a leader in the cryptocurrency and NFT space. Expect increased interest and potential success for the project.
