The announcement of the launch of a Shiba Inu themed fast food chain was made by Shiba Inu’s lead developer, Shytoshi Kusama, who revealed the partnership with a decentralized fast-food restaurant chain based in Italy named Welly’s.
Welly’s recently completed a rebrand, adopting blockchain technology in order to decentralize the fast-food chain. In addition, With this deal, Welly’s has made the Shiba Inu dog its new official image. The Shiba Inu Team tweeted:
The Shiba Inu Themed Restaurant
At the restaurant’s launch, the Shiba Inu team announced that SHIB can be used to pay for meals at the fast-food chain. This real-world application of the meme coin assures higher utility and demand for SHIB tokens.
In addition to the launch of the fast-food joint in Naples, Italy, Welly’s has revealed its plans to expand and open multiple stores throughout 2022 and 2023. SHIBA holders will also gain exclusive access to discounts, rewards, and various other perks.
Shytoshi Kusama also explained that holders of SHIB will be able to participate in the decision-making of Welly’s as it expands by “making choices in the Doggy DAO, purchasing NFTs for exclusive benefits, or just enjoying good food and sharing our vision.”
Announcing that it would stick with Shiba Inu and its ideologies of decentralization, Welly’s announced that it will avoid partnering with “huge centralized conglomerates.”
On the Flipside
- Shiba Inu has thus far failed to capitalize on its 2021 successes, dropping in value by 76% since peaking at $0.00008845 in October 2021.
Why You Should Care
The launch of the Shiba Inu themed fast food joint not only marks Shiba Inu’s first foray into the real world, but also boosts the utility of SHIB through real-life transactions.