SHIB Price Shoots by Over 11% after Shiba Inu Introduces Shibacals

Coinspeaker
SHIB Price Shoots by Over 11% after Shiba Inu Introduces Shibacals
The Shiba Inu developers are currently on an interesting development dubbed ‘Shibacals’ to link real-world assets to non-fungible tokens (NFTs) and thus help improve their ownership, as part of their Shibarium rollout.
As we know, Shibarium is Shiba Inu’s Layer-2 scalability platform with a focus on the Metaverse as well as non-fungible tokens (NFT) applications. Shibarium will operate with the Shiba Inu SHIB token as well as BONE and LEASH tokens. The developers stated that the Shibarium blockchain will go live later this year.
During an update on Thursday, June 22, Shiba Inu’s lead developer Shytoshi Kusama that “Shibacals: Authenticated Collectibles” will employ NFC chips in order to authenticate physical items digitally. This would further help to boost the value of these digital collectibles. The Near Field Communication (NFC) devices facilitate wireless interaction over a short distance.
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