- Shiboshis are key assets in the Shiba Inu ecosystem, offering benefits in gaming, DeFi, and governance.
- Shiboshis will be part of Shib: The Metaverse.
Shiboshis, the official NFT collection of the Shiba Inu ecosystem, continue to gain significance. Besides being considered collectibles, Shiboshis have practical uses in gaming, DeFi, and the broader Shib ecosystem. In a long thread on X (formerly Twitter), Shibarium Updates highlighted how crucial Shiboshis are in the ecosystem.
What do Shiboshis Do?
As the first official NFT collection in the Shiba Inu ecosystem, Shiboshis offers their owners utilities that expand with the project’s growth. To start off, Shiboshis have already been integrated into Shiba Eternity, a collectible Card Game (CCG) from Shiba Inu Games. Shiboshis are also set to be incorporated into various gaming products related to Shibarium.
Titles like Lap Dogs, Agent Shiboshi, Shiboshi Rush, and ShibBridge use these NFTs as part of the playable character to affirm their relevance in blockchain gaming. As the play-to-earn market gains popularity, Shiboshis are bridging the gap between owning it and playing with it.
Other features, such as Agent Shiboshi’s 1v1 high-stakes duel feature, support the deflationary model for SHIB. As highlighted by CNF, each match involves the use of 50,000 SHIB, and the winner gets 80% of the tokens. 10% of the tokens are then burnt, and the rest are for reinvestment.
This system operates solely on Shibarium, which increases token rarity at the same time as promoting player engagement. Furthermore, Agent Shiboshi is currently planning on launching Sheboshi NFT avatars that will also be used to facilitate gameplay.
Besides gaming, Shiboshis also serve as essential elements in DeFi and governance mechanisms. Subsequent use cases can include voting rights for members in the decentralized autonomous organizations (DAOs) and the ability to participate in voting on important decisions. It could also give their owners early exposure to new Shib ecosystem projects and tools, which could give them an upper hand.
“Of course, they will play a role in Shib: The Metaverse,” highlighting Shiboshis integration into Shib: The Metaverse.
Interestingly, Shiboshis also have life partners called Sheboshis. Their breeding will create new NFTs and further diversify the population within the metaverse.
SHIB Price Outlook
SHIB has recently been affected by Bitcoin’s volatility, with BTC’s recent plunge to $83,000 leading to a 16% decline in SHIB over the last month. Shib is currently trading at $0.00001356, experiencing a 2% decline. While reaching one cent this year is unlikely, significant increases in the coin’s value remain possible.
However, crypto analyst Javon Marks seems optimistic about the Shiba Inu token, indicating that the token has been gearing up for a massive surge. According to him, SHIB has the potential to increase by 450%, and its price can reach $0.000081 in the near future.
According to Marks, SHIB remains in its’ breakout pattern from late 2022 into early 2023 with overall prices being positive. If this is the case, then a sharp increase in the token may be expected, however, the current market conditions are not very favourable.
