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Who Is Shytoshi Kusama, Meet The NFT Representing Shiba Inu Lead Developer

Zabi
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Who Is Shytoshi Kusama, Meet The NFT Representing Shiba Inu Lead Developer

The pseudonymous lead developer of Shiba Inu’s (SHIB) identity is revealed in NFT by Welly, the first-ever SHIB themed fast-food chain.



The NFT is reportedly designed by a 3D artist named “Adrian San Vicente.” He has created many other NFTs representing Shiba Inu developers, but this is the first NFT that has been officially released by a Shiba-themed restaurant.

Welly named this NFT “The Shytoshi Wellsama.”

Shytoshi Kusama responded to Welly’s tweet by saying, “Thank You.” He said he loved the design and is humbled and grateful for this NFT.

Following the tweet, Shytoshi Kusama also updated his Twitter profile picture and displayed the recently released NFT as his profile picture.

Formerly on February 2, Shiba Inu (SHIB) took its first bold step into “in-real-life” products by unveiling its deep-rooted partnership with Welly’s, a new hyper-quality agile blockchain-based fast-food chain located in Naples, Italy, opened in 2021.

Welly’s is supposed to be the first and only SHIB themed restaurant powered by the community, and for the first time, the “burger joint” will bring food on the blockchain using Shibarium.

Canada Limits Crypto Donations Amid Country Wide Protests

Mark Brennan
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Canada Limits Crypto Donations Amid Country Wide Protests

Canada makes it harder to collect donations in cryptocurrencies due to its wider protests.



Canadian Prime Minister Justin Trudeau has invoked the Emergency Act to deal with protests. This act will complicate the collection of donations in cryptocurrencies. According to Trudeau, the emergency measures will be limited and applied only where necessary. Canadian Prime Minister ruled out the use of armed forces.

“This is about keeping Canadians safe, protecting people’s jobs, and restoring faith in our institutions.”

Since the end of January, demonstrations against anti-COVID restrictions have made truckers across Canada have been taking place in Canada.

Since the end of January, Trucker from all over Canada started demonstrations against anti-COVID restrictions. These rallies went strong and made the government to stop the funding of protests.

According to CNN, the protesters blocked the center of Ottawa and barricaded the bridge connecting the American Detroit and the Canadian Windsor.

Initially, the protesters used the GoFundMe and GiveSendGo platforms to receive donations. However, GoFundMe closed the collection in early February and announced a refund.

“To simplify the process for our users, we will be refunding all donations to the Freedom Convoy 2022 fundraiser.”

Also, the Tallycoin bitcoin fundraiser was able to raise 20 Bitcoins, equivalent to $1 million, for the truckers. So Canadian authorities decided to restrict all kinds of crypto donations.

The Law on the State of Emergency was adopted in 1988 by Canada but has never been applied to date. It gives the government sweeping enforcement powers and allows banks to freeze the personal accounts of anyone associated with or supporting protests without a court order.

As per the Canadian Emergency law passed in 1988:

“For this Act, a national emergency is an urgent and critical situation of a temporary nature” that cannot be effectively dealt with under any other law of Canada.“

At a conference on Feb. 14, Finance Minister Chrystia Freeland said that, as part of the Emergencies Act, they are broadening Canada’s “Terrorist Financing” rules to cover crowdfunding platforms and cryptocurrencies to the Canadian Freedom Convoy.

The Emergency Act expands the scope of the rules on combating money laundering and the financing of terrorism. Crowdfunding platforms must report “large and suspicious transactions” to FINTRAC.

Bigger Entertainment Ending Shiba Inu Burn Tickets, Saying It Hurts Their Reputation, Assure Bringing New Ways Of Burning

Zabi
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Bigger Entertainment Ending Shiba Inu Burn Tickets, Saying It Hurts Their Reputation, Assure Bringing New Ways Of Burning

Bigger Entertainment to Find New and Creative Ways to Do the Burn Parties Instead of Collecting Burn Tickets from the Community.



Steven Cooper, the owner of Bigger Entertainment, just posted a tweet and said they would no longer arrange burn parties for Shiba Inu (SHIB). The company has noticed that burn parties are harming their reputation.

After a few seconds, he deleted his first Tweet and again posted a tweet and said that he had to remove his first tweet (maybe because that tweet was so straightforward or sounded rude to Shiba Inu Community).

Steven Cooper said that Bigger Entertainment will still burn Shiba Inu tokens and host Burn Parties in the second tweet. Still, his company will find new and creative ways to do the burn party instead of collecting burn tickets from the community anymore. He noted that the company failed to manage the money. As a result, they are losing trust somewhere along with reputation, and they don’t want to lose their clients at all.

The company also assured the Shiba Inu community that they are still part of the Shib Army and aren’t going anywhere. Still, the company has to transition and restructure the Burning Model for Shiba Inu token to serve the community better and offer more transparency.

Since October, when they first took the initiative to burn Shiba Inu (SHIB) token and help the SHIB to reach the 1 cent mark, Bigger Entertainment has burned billions of SHIB tokens.

The company had organized Burn Party on Valentine’s Day, i.e., 14th February 2022, and they were able to burn 240 million Shiba Inu tokens with the help of the Shiba Inu Community.

Socios.com Becomes Fan Token Partner of UEFA’s Club Competition That Includes UEFA Champion League & UEFA Europa League

Mark Brennan
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Socios.com Becomes Fan Token Partner of UEFA’s Club Competition That Includes UEFA Champion League & UEFA Europa League

UEFA has become the latest football competition organizer to join the Socios.com fan token initiative. 



Socios.com, a leading blockchain startup tokenizing fan engagement globally, has announced that it has inked a global licensing and regional sponsorship deal with major football competition organizer UEFA.

Announcing the development in a blog post today, the deal will see Socios.com become the official licensing partner of the UEFA Champions League, UEFA Europa League, and the UEFA Europa Conference League, as well as the UEFA Super Cup. 

Furthermore, Socios.com will be the regional sponsorship partner for both the Champions League and the Europa League from the 2021 to 2024 cycle in the United States. 

Under the deal, Socios will enjoy a series of brand exposures via stadium LCD screens, sponsorship billboards, and United States-based sponsorship rights. 

Guy-Laurent Epstein, UEFA marketing director, said the European football competition organizer was looking for innovative partnerships, especially in the crypto and blockchain markets, adding that it is glad to have partnered with Socios.com. 

“With rich experience working with some of the top sports organizations around the world, it is clear that partnering with Socios.com is an ideal fit,” Epstein noted. 

As part of the deal, UEFA noted that it would reward fans, token holders, on the Socios.com platform in various ways, such as VIP trips to its season kick-off events, a visit to UEFA’s headquarters, match tickets, merchandise, and an opportunity to meet with several UEFA legends. 

Commenting on the development, Alexandre Dreyfus, CEO of Socios.com, said the recent partnership illustrates both partners’ commitment to embracing innovative technology that will enhance fan engagement in sports, adding: 

“Thanks to this new alliance, hundreds of millions of fans around the world will have the opportunity to become more than spectators and play active roles in the biggest club football competitions on the planet through Fan Tokens.” 

Socios Partnerships With Sporting Organizations 

According to Socios, since it launched, it has partnered with 124 sporting organizations, including football, basketball, baseball, etc. 

In May 2022, Socios entered into a strategic partnership with Turkish football club Bursaspor to help the team release its fan token. 

 

Investors Buying Ripple Amid Favorable Development in XRP Lawsuit

Mark Brennan
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Investors Buying Ripple Amid Favorable Development in XRP Lawsuit

Ripple (XRP) investors are confident that the outcome of the Securities and Exchange Commission’s lawsuit filed against the blockchain company in 2020 could see the token’s value gain significant growth.



Several reports suggest that crucial documents will be unsealed on February 17, 2022, which could eventually put an end to the more than a one-year legal battle. 

According to Ripple’s general counsel Stuart Alderoty, the documents will provide interesting revelations that in 2012, the blockchain company received the necessary legal clearance that XRP is not an investment contract. 

“The fact that it took the SEC eight years to suggest they disagreed with that analysis — while XRP traded in a massive global market — is baffling,” Alderoty said. 

However, other sources revealed that the SEC on the same day, will file a motion for partial reconsideration over Judge Sarah Netburn’s DPP ruling. 

The motion will not be briefed until February 25, 2022, and Ripple will be required to issue a response within a week. 

Since the unsealing of the Ripple memo does not seem to favor the agency, there is a tendency that the SEC may look for other possible means to stall the ruling. 

Interestingly, during the delay, Ripple may continue to exploit the necessary loopholes that could put an end to the lawsuit.

Investors Confident in Another XRP Surge

Recall that following the ruling made by Judge Analisa Torres last week that will see all sealed documents open, XRP price soared over 40% as investors believe that the case will be officially thrown out in favor of the lawsuit. 

XRP surged to $0.91 at the time. However, general market correction has sent the price crashing down below $0.80. 

Investors are still confident that the ruling will be in their favor come February 17, 2022, with several people buying Ripple-related assets, including XRP and the company’s equity. 

Nick Burrafato, director of Linqto, a digital asset sales company, said yesterday that the firm has currently sold out all of Ripple’s shares.

The blockchain company also shows signs that the upcoming ruling will be in its favor. Ripple recently bought back some of its shares after raising $200 million in a Series C funding round. 

Meanwhile, the crypto community is eagerly waiting on the lawsuit’s outcome as it will go a long way to determining future regulations in the industry going forward. 

Binance Smart Chain (BSC) Is Now BNB Chain

Mark Brennan
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Binance Smart Chain (BSC) Is Now BNB Chain

The Binance Smart Chain (BSC) ecosystem is rebranded to BNB Chain.



Binance announced:

“Binance Chain and Binance Smart Chain become BNB Chain. Through the concept of MetaFi, BNB Chain will build the world’s parallel virtual ecosystem infrastructure. BNB, which stands for “Build and Build” (formerly called Binance Coin), is the blockchain gas token that “fuels” transactions on BNB Chain.”

The new name emphasizes the Binance connection to the BNB token and demonstrates its use cases. The coin will continue to be used on BNB Chain as a gas token.

The BNB Chain ecosystem will include:

  • BNB Beacon Chain Management Network (formerly Binance Chain);
  • Blockchain BNB Smart Chain (BSC) – formerly Binance Smart Chain;
  • EVM-compatible consensus levels, including multi-chain hubs.
  • BNB Chain will cover large-scale applications including GameFi, SocalFi, and the Metaverse.

In particular, there will be scaling from one chain to several, expanding the set of BSC validators from 21 to 41 (20 will receive the status of candidate block producers),” explained Sami Karim, coordinator of the BNB Chain ecosystem.

According to the concept of MetaFi (metadata + DeFi), the network community seeks to build a single infrastructure for various projects of GameFi, SocalFi, Web 3.0, NFT, and metaverses, placing them under the “one umbrella”.

“MetaFi is a future inclusive ecosystem that promises a paradigm shift by enabling seamless interoperability across projects and blockchains,” said BNB Chain.

Over the past year, the BNB Chain community has made even further technical upgrades for progressive decentralization, including Initiating the Bruno hard fork to increase the BNB burn rate and a new BNB Auto-Burn protocol that is objective and verifiable

Data Shows Ethereum (ETH) Network Growing At A Pace of 1.53 Million Addresses Per Month 

Mark Brennan
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Data Shows Ethereum (ETH) Network Growing At A Pace of 1.53 Million Addresses Per Month 

Fresh data from crypto analytics data provider IntoTheBlock suggests that the number of users on the Ethereum network has continued to surge on a monthly basis.



According to the data, in 2021, the number of addresses holding the second-largest cryptocurrency by market capitalization grew at a pace of 1.53 million addresses monthly. 

Following the significant increase, a total of 18.6 million addresses that are holding the cryptocurrency were added to the Ethereum network in 2021 alone. 

With the most recent data, there are now 70.4 million addresses to date that are holding Ethereum. 

“Ethereum users growth in a nutshell. A good way to track the adoption is by following the number of addresses with a balance. There are 70.4m addresses holding $ETH. Just in 2021, it increased by 18.36m. That means the network was growing at a pace of 1.53m addresses per month.”

Ethereum Surges Amid DeFi and NFT Adoption

Although the increase in the number of addresses holding Ethereum does not signify the exact number of holders for the token, the data shows that the Ethereum network is growing at an unprecedented rate. 

The growth in the number of ETH addresses holding the cryptocurrency signals the growing adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs) that have continued to lure several users. 

While DeFi’s adoption peaked by early 2021, interest in NFTs has continued to record significant growth, with users looking for the perfect opportunity to enter into new projects. 

Interestingly, the vast majority of DeFi and NFT projects are currently on the Ethereum network. Based on this, users will only be allowed to venture into these protocols using Ethereum native cryptocurrency. 

According to data on Dune Analytics, over $7 billion have been traded on Ethereum-based NFT marketplace OpenSea since the beginning of the year. 

Similarly, the total value locked (TVL) across various decentralized finance protocols have reached approximately $80 billion, with Ethereum-related projects ranked in the top 20 spots. 

Meanwhile, the growth in the number of addresses can also be attributed to the falling price of the second-largest cryptocurrency. 

Price Crash Prompts Adoption

Recall that Ethereum also had a fair share of the price dip last month, when its value plummeted below 2,300 on January 24, 2022. 

The ETH price crash prompted one of the largest accumulation sprees the network has ever experienced. 

Meanwhile, the number of addresses holding at least 1 ETH surged to a new all-time high (ATH) this year following a price dip. 

 

How Shibarium Proves To Be Backbone Of Shiba Inu Ecosystem In The Fast Growing Metaverse World

Albert Brown
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How Shibarium Proves To Be Backbone Of Shiba Inu Ecosystem In The Fast Growing Metaverse World

Let us see the Importance of Shibarium to Shiba Inu Ecosystem.



Although SHIB launched in August 2020 to overthrow Dogecoin as the favorite dog-themed cryptocurrency, which earned it the title Dogecoin Killer, the team has established a better roadmap bolstering its token utility. 

Shiba Inu (SHIB) has proven in recent times that it is not a meme coin as many crypto enthusiasts have described it. 

The project has set its sights on decentralized finance (DeFi) and non-fungible token (NFT) niches as the best ways to increase the utility of the token. 

The official release of ShibaSwap, Shiba Inu decentralized exchange, last year gave rise to a number of use cases for the dog-themed project. 

Shiba Inu NFT Ecosystem

Cryptocurrency enthusiasts are not only allowed to swap their primary tokens, LEASH, BONE, and SHIB for one another, the Shiba Inu community can also gain access to a non-fungible token marketplace. 

Through the Shiba Inu NFT marketplace, traders are allowed to trade the project’s unique digital collectibles known as SHIBOSHIs. 

SHIBOSHI Explained  

Like other non-fungible token developers, the Shiba Inu team has developed its own unique set of digital collectibles on the Ethereum blockchain. 

SHIBOSHIs are a collection of 10,000 unique NFTs that was released on October 14, 2021. Upon the release of the NFTs, the Shiba Inu community flooded ShibaSwap to own a piece of the non-fungible token, which caused a hike in the prices of Ethereum gas fees. 

With the SHIB community clamoring to own the collection, the entire 10,000 SHIBOSHIs sold out in 34 minutes, making it one of the fastest NFT sales in history. 

Shibarium 

Not relenting on the progress made so far, Shiba Inu sought an initiative that will see it bring the SHIBOSHIs to life by announcing that the digital collectibles will be used in its metaverse dubbed Shiberse and its upcoming play-to-earn (P2E) game. 

The expansion of the SHIB ecosystem to include Shiba Inu game as well as Shiberse will be heavily reliant on Shibarium, a layer-2 chain. 

In what came as a shock to many, the primary token that Shibarium will use is $BONE, Shiba Inu announced in a tweet in December 2021. Shiba Inu opted for BONE instead of SHIB and LEASH because both already have major use cases in ShibaSwap. 

Importance of Shibarium

The Shibarium was proposed by Ryoshi, the pseudonymous creator of the SHIB, which upon its launch will see the Shiba Inu cryptocurrency migrate to the network. Shibarium will launch on the Ethereum network and will be the key to everything the Shiba Inu team plans to build in the future, including its game and metaverse. 

According to Ryoshi, the major reason subsequent upgrades will be launched on Shibarium is to shield the SHIB community from some of the problems inherent in Ethereum, a reduction in gas fees and to boost transaction speed. 

Shytoshi Kusama, SHIB project lead commented on the benefits of Shibarium on Shiba Inu discord saying: 

“Shibarium will offer low fees for every service, game or whatever that builds on it.” 

Shibarium Release Date 

At the time of writing, Shibarium is still under development, as the Shiba Inu team wants to ensure that the network will not suffer any technical glitch once it goes live. 

While there is no specific date on when Shibarium will launch, the team revealed that the network will launch this year. 

It refused to give any specific date because, according to the team, it did not want to disappoint people by failing to deliver on the announced date. 

The SHIB team further disclosed that Shibarium will undergo rigorous testing before it is finally launched. 

Shiba Inu Game & Metaverse 

As stated, both the Shiba Inu game and Shiberse will be built on Shibarium. Despite Shibarium not having an official release date, the Shiba Inu team has already started work for its game and metaverse project. 

Shiba Inu Game 

In a press release published in December 2021, the Shiba team stated that its upcoming game will be developed by Australian-based gaming company PlaySide Studios. 

Activision veteran William Volk will also participate in the development of the Shiba Inu game. 

The game is slated to be launched in Q1 2023, and it will be an exciting multiplayer card collecting game that will see players battle with cards. 

Shiberse Metaverse 

The Shiba Inu metaverse project, Shiberse, will also be developed on Shibarium. According to Shiba Inu, the rationale behind the development of the Shiberse project is as a result of the growing interest in the metaverse. 

At the moment, Shiberse is still in early development. However, the SHIB team unveiled its virtual lands, a queue system that will see LEASH holders be the first to gain access. 

Final Thoughts 

The upcoming important upgrades of Shiba Inu, including the game, metaverse, and token, are tied around the Shibarium, which is still under development. 

Once the layer-2 network launches, it will reduce gas fees to almost zero, fasten transactions, etc. 

Fake Cardano-Based SundaeSwap Exchange Floods the Internet

Mark Brennan
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Fake Cardano-Based SundaeSwap Exchange Floods the Internet

Scammers are always ready to fake anything that gets community attention.



Scammers are not relenting in their quest to steal from unsuspecting victims. A Redditor with the username u/crackforchildren has drawn the public’s attention to different fake websites that are impersonating Cardano-based SundaeSwap decentralized exchange. 

According to the Redditor, while he was trying to access the SundaeSwap exchange, he searched “SundaeSwap” using Google search engine. 

However, the first two results that came up were links to two malicious websites, https://sundae-swop.com and https://sundae-swep.com, that are impersonating the actual SundaeSwap exchange. 

fake sundaeswap websites

These malicious websites are designed to steal funds from unsuspecting victims when connecting their wallets. 

Unfortunately, most Cardano users who do not have a direct link to the first decentralized exchange may be tricked into believing that the links are legit and may proceed to invest their funds on the platform, which would definitely result in a loss. 

It is worth noting that the correct link to the website is https://sundaeswap.finance

Recall that SundaeSwap was the first decentralized exchange launched on Cardano, following the support of smart contract functionality. 

Since it launched last month, it has recorded an increased user activity in the previous month, as a recent report suggested that SundaeSwap has hit $116.04 million in total value locked (TVL). 

Also, Cardano Total Value Locked (TVL) Surges Nearly 6,000% in 1 Month.

 

Shiba Inu Team Teases New Partnership, Could It Be “Forever 21” Clothing Line?

Albert Brown
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Shiba Inu Team Teases New Partnership, Could It Be “Forever 21” Clothing Line?

The Shiba Inu (SHIB) continues to bring new things that are not typical for meme coins to prove the doubters wrong.



A couple of hours ago, Shiba Inu shared a short teaser video through his official Twitter account, which has become a mystery to numerous community members.

The video, which was 21 seconds long, contained several words saying “4 forever and always be mine.”

Possible partnership with Forever 21 clothing line?

An alleged member of the Shiba Inu community known as KalAlden.X could reasonably solve the puzzle. And all indicators point to the Forever 21 clothing line.

 

The tweet included the word “forever,” and the video was 21 seconds long. Additionally, the cheetah’s outfit appeared in the video at 0:11 seconds.

The indicators above have shown that a partnership between Shiba Inu and Forever 21 is probably around the corner. However, the basis of the alliance will remain a matter of speculation until it is officially announced.

Forever 21, stylized as FOREVER 21, is an American fast fashion retailer headquartered in Los Angeles, California. As of 2017, the company’s revenue was $3.4 billion.

Also, eToro yesterday Released Another Video Teaser Before The Major Announcement, Testing the Patience of the Shiba Inu Community.

 

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