In an exciting development, the Shiba Inu team took to Twitter to announce the release of the highly anticipated fourth edition of The Shib Magazine. Simultaneously, they revealed plans for a colossal giveaway featuring 7,000 NFT covers for fortunate participants.
7,000 NFT Giveaway Hits New Heights
Building on the success of previous NFT giveaways, Shiba Inu disclosed that the demand has prompted an increase in the number of covers to a staggering 7,000. The community’s response during the last edition saw an astonishing 5,000 NFT covers minted in just five hours.
“This week, we are going bigger and wider. 7000 NFT covers will be up for grabs, so don’t miss out,” Shiba Inu stated.
This time, the giveaway promises to be even more expansive, with NFTs distributed on a first-come-first-serve basis.
CoinMerge Deepens Support for Shiba Inu
Decentralized exchange CoinMerge, a staunch supporter of Shiba Inu-related products, is elevating its commitment. Having previously listed BONE and integrated new features, CoinMerge is now moving its operations to Shibarium, the Shiba Inu blockchain’s Layer-2 scaling solution. The team is making this transition and offering free Shibarium blockchain data to developers for the next six months.
Anticipating the next bull market, Shiba Inu shared five crypto trends investors should keep an eye on. These include blockchain-based gaming projects, tokenization of real-world assets (RWA), the fusion of social media and DeFi known as SocialFi, Layer-2 scaling solutions, and Artificial Intelligence (AI) in the crypto space.
Exclusive Interview With Shiba Inu Lead Developer
In an exclusive interview featured in Shib Magazine, lead developer Shytoshi Kusama discussed Shiba Inu’s path to true decentralization. He outlined plans to implement democratic governance across all ecosystem tokens, ensuring equal rights for all token holders in decision-making.
Kusama also detailed measures to protect the community from scams, incorporating self-sovereign identity (SSI), privacy guards, and a unique karma system.
Shiba Inu’s Milestones and Surging Addresses
Shiba Inu celebrated recent milestones, highlighting a remarkable surge in the number of addresses from 8,460 in February 2021 to an astounding 1.26 million in November 2023—a staggering 14,793% increase.
Additionally, Shibarium witnessed a 131% surge in daily transactions, reaching 34,670, with a total transaction count hitting 4.22 million.
Growing Support and Expansion in the Shiba Inu Ecosystem
Last week, BitTrade expanded its support for Shiba Inu by adding SHIB to its lending product.
Furthermore, Shibarium-based decentralized exchange Marswap introduced new SHIB and BONE pairs on its platform, further strengthening the ecosystem’s vibrancy.