- Hybrid bulls take over Shibarium L2 with unprecedented utility.
- The 10,000 PFP collection was introduced in SHIB Magazine.
- Both SHIB & BONE retreated 3% in the latest 24-hour period.
Shiba Inu’s community has received the highly anticipated 25th edition of SHIB Magazine. The community-focused bi-weekly magazine touched upon several key topics, including SHIB Token X K9’s appearance at the upcoming Blockchain Futurist Conference in Toronto, Canada.
8-Bit Hybrid Bulls Arrive On Shibarium
As the global crypto community prepares for the largest crypto conference in Canada, the Shiba Inu community, popularly known as SHIB Army, has been introduced to ShiBulls. While still falling under the non-fungible token (NFT) category, ShiBulls adopts a unique approach to on-chain digital collectibles.
The ShiBulls NFT collection consists of 10,000 unique digital assets. These 8-bit pixel aesthetic hybrid bulls are fused out of crypto bulls and the original Shiba Inu dog breed. Merging the crypto bull strength with the community’s beloved Shiba Inu dogs, these unique digital characters are not just for looks.
First NFT Collection with Trait Staking?
The 10,000 profile picture collection, based on Shibarium’s Layer-2 chain, has a unique feature focused on utility. All the ShiBull NFTs have a set of different traits, which can be staked to earn multiple crypto rewards via Shibarium’s dynamic staking protocol.
The ShiBulls digital collectibles are slated to expand capabilities with cross-chain compatibility, a built-in casino on Shibarium L2, and a staking dApp to earn Shiba Inu’s alternative token Doge Killer (LEASH) and the ShiBulls’ project native coin BULL. Currently, the ShiBulls dev team is working to release the revised version of the ShiBulls roadmap.
Similarly to K9 Finance DAO’s upcoming Liquid Staking Derivatives dApp, The BONE Crusher, ShiBulls aims to bolster Shibarium L2’s on-chain liquidity by providing never-before-seen functionality to the Shiba Inu community’s blockchain.
According to CoinGecko, SHIB was changing hands at $0.00002526 at the time of publication. Sliding down by 3% over the past 24 hours, SHIB is still trading in phased consolidation mode in weekly terms, while the 30-day timeframe brings SHIB to a 5.4% deficit.
Sponsored
Meanwhile, Bone ShibaSwap (BONE) is priced at $0.6313. It managed to bounce back above the historically decisive $0.60 support level after briefly sliding below it on May 20.
On the Flipside
- The 25th edition of SHIB Magazine also includes a free magazine cover NFT mint, which can be claimed on-site after reading the article.
- K9 Finance DAO’s Liquid Staking Derivatives dApp is yet to launch in Q3 of 2024, but it will bring similar opportunities to Lido on Ethereum.
Why This Matters
In accordance with Shiba Inu’s vision for 2024, Shibarium is set to debut a list of select products and services to bolster the chain’s liquidity, making SHIB the first meme coin that competes with other highly popular Layer-2 blockchains like Polygon (MATIC) and Arbitrum (ARB).
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