coinedition.com
On January 11, Shiba Inu announced the launching of both NFTs and physical items for $SHIB’s Genesis $NFT holders, in partnership with the luxury accessory manufacturing brand Buggati.
@Shibtoken Shiboshis x @bugattigrp Special Edition Release 🧵
— Shib (@Shibtoken) January 10, 2023
We're excited to announce our upcoming special event, in which Bugatti Group will host a mint party and space dedicated to our #Shiboshis!
1/7 🧵 pic.twitter.com/FY0kn32wTr
The Special Mint Party Event Twitter Spaces will be held on Sunday, January 15, and will feature ALPHA, live singers, guest speakers, and more. Special invited guests include Italian $NFT Musician Violetta Zironi, PIXELATED Founder Sammy Arriaga, and Scottish $NFT Musician Emma Miller.
As a part of the Shiboshis x Buggati Group Special Edition Release, the luxury handbag brand will host a mint party and Twitter Spaces session dedicated to the $NFT project. The thread continued to reveal that the collaboration will simultaneously feature physical items and collectible NFTs for its “most devoted and supporting Shiba Inu’s $NFT Genesis holders.”
There will be a total of 299 limited releases, alongside one exclusive 1st Edition release. The mint price is currently set at 0.24 ETH. Moreover, 95% of all mints will receive a Cross Body limited edition Luggage Bag from Buggati, while 5% of all mints will receive a limited edition Carry-On item.
Launched in August 2020 as a fork of the Uniswap token UNI, 10% of the $SHIB’s total amount gets burned with each transaction. However, the burn is yet to affect the price as data from Dune Analytics disclose that big amounts of the $SHIB tokens are still observed to be accumulated.
Nevertheless, due to the lack of practical use, apart from the sole purpose of accumulation, the coin has experienced a decline in daily active users. Currently, the token trades at $0.00008, while overlooking support levels around 0.00007.