invezz.com
Shiba Inu, the second-biggest crypto meme token, has entered the fashion industry thanks to a partnership with John Richmond designer wear, according to a press release first published on the Bitcoinist and posted to aggregator CoinFi.
A cutting-edge collaboration
The designer clothing brand, which is headquartered in Italy, will stage fashion shows in Milan, the fashion capital. In the future, runway walks will showcase the lovable canine meme coin and John Richmond-themed outfits in a cutting-edge fashion collaboration.
Shiba Inu ecosystem and the designer will issue some 10,000 NFTs as part of the partnership in the immediate future. They announced their highly anticipated cooperation on the last day of Italy’s fashion week.
Shiba Inu makes gains on news
Shiba Inu is benefiting on the news. At the time of writing, it was trading for $0.000026 with a 24-hour trading volume of $952.2 million. Shiba Inu is down 4.14% in the last 24 hours, but it has added 16% to its value over the past week.
Paris Fashion Week opened on Tuesday. The ecosystem is eager to be part of the exciting and highly lucrative fashion world. Later this year, Shiba Inu will debut a fashion line based on NFTs.
World’s largest movie theater chain to accept Shiba Inu soon
AMC’s chief executive officer Adam Aron announced on Twitter that his enterprise would introduce support for BitPay-powered online payments to its mobile app and website. This means that Shiba Inu will soon be accepted by the world’s largest movie theater chain.
BitPay will be available for AMC online payments on its website by March 19 and the mobile app by April 16.
Shiba Inu smart contracts grow six fold
According to statistics, Ethereum Mainnet (ETH/USD) whale addresses’ use of the Shiba Inu smart contracts has increased by at least 600%.
This indicates that whales are interacting with the cryptocurrency more actively. However, it’s not clear whether this activity should be attributed to a single contract or to a group of contracts.
Shiba Inu is also unique in that the official website invites artists from all over the world to promote the “artistic Shiba movement” as they bring their SHIB community into the NFT market.