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A new promotional video shared by the Shiba Inu team revealed its new collaboration with the Bugatti Group — a leading brand of luggage and bags, that aimed at producing a line of Shiba Inu-themed handbags.
The Shiba Inu team has announced the exciting event with the Bugatti Group. However, both parties have not been open-ups on what shoppers can expect. But in its promotional video the SHIB team suggests that it will be a line of Shiba Inu-themed handbags.
Since 1940, the Bugatti Group, focused on designing, creating, and selling luggage, handbags, briefcases, and accessories. And also offers “exceptional designs and superior materials.”
According to Yahoo, in November 2022, Bugatti group introduced its Non-Fungible Token (NFT) collection and joined hands with Bored Ape Yacht Club holders. “The Bugatti Group NFT Project occupies the “phygital” marketplace, a realm that offers both physical and digital products to consumers. Through purchasing the NFT collection via the Bugatti Group website, consumers are provided a mint pass, which grants them access to exclusive releases not made available to the general public.”
Andrew Hattem, CEO of Bugatti Group said “We are elated to share our introductory initiative into the world of Web 3. We are always looking for new ways to push the envelope, and we feel Web 3 is at the forefront of contemporary culture.”
Shiba Inu is back!
Shiba Inu has no doubt seen massive success since its launch in 2020 and after the recent market down phase of the crypto industry, Shiba Inu is gearing up in its price and performing in the bullish market phase. Its partnership also confirms how serious it is about making its mark in the world of NFTs and cryptocurrencies. Its demand shows no signs of slowing down anytime soon despite the massive price correction.
In addition, the lead developer of Shiba Inu, Shytoshi Kusama, came out with the news about the release of the much-awaited Shibarium, the Layer-2 blockchain for the platform. That spiked the price of the meme token.
Through a tweet, Kusama announced that Shibarium would release very soon after New Year, as Shiba Inu price is currently trading at $0.000009 USD with a 24-hour trading volume of $229.84 Million USD. Shiba Inu is up 5.32% in the last 24 hours, with a live market cap of $4.87 Billion USD. It can be seen that in just 7 days its price is up by approximately 8%.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
