The Shiba Inu collaboration with Bugatti launches physical item claims
- Shiba Inu’s partner, Bugatti Group, has announced access to physical items for holders of the Genesis NFT Collection.
- The Bugatti group is known for its influence as a luxury brand, and the move is billed to strengthen Shiba Inu’s influence.
Bugatti Group, a famous luxury brand based in Montreal Canada has launched a portal where holders of Non-Fungible Tokens (NFT) it launched in partnership with Shiba Inu can claim physical items. The luxury brand bags and luggage maker said the SHIBOSHI NFT holders can access the claim portals through their dashboard.
The launch of the physical items for the NFT holders emerges as one of its own models to provide additional value to selected members of the community. The Bugatti Genesis NFT Collection was launched back in January in collaboration with Shiba Inu. Crypto News Flash reported at the time that the launch will be accompanied by the distribution of exclusive rewards, some of which are currently materializing.
The Bugatti NFT consists of 1,828 commodities residing on the Ethereum blockchain. The items sold out as quickly as they were introduced, demonstrating a huge inherent demand for related digital collectibles. Currently, the coinage of NFTs born as a result of the collaboration between both Bugatti and Shiba Inu will entitle 95% of holders to limited-edition cross-body bags, while 5% will claim sporty carry-ons. their unique SHIBOSHI design.
The Bugatti Group has been making waves in the luxury segment since its inception for the past 82 years. The pivot into the NFT world marks a similar attempt by the designer to keep up with other competitors in the field, including Nike, Adidas, Lacoste and Salvatore Ferragamo, who have all launched their own collections.
While not the first luxury brand to wade into the NFT space as mentioned above, The Bugatti Group is arguably the first to debut a physical item to match the collection.
A boost for the Shiba Inu
Being associated with the Bugatti Genesis NFT Collection, the launch of the physical items to match the NFTs is a unique boost for Shiba Inu. The memecoin has done everything it can to strengthen its influence in the ecosystem, and this new benefit can help users validate the quality of the token’s partnership.
While Shiba Inu made its name as a viable Dogecoin (DOGE) killer with a characteristically volatile price action. However, the coin has veered beyond this narrative and now brings unique uses and use cases to its holders worldwide.
The protocol is currently looking at the launch of Shibarium, its layer-2 blockchain network as it seeks to surpass the ease of use of the Ethereum blockchain. The memecoin is also fully invested in the metaverse through the Shiberse protocol.
No spam, no lies, just insight. You can unsubscribe at any time.
Overall, Shiba Inu remains an important digital currency that has continued to defy all odds in recent years. Against the backdrop of the bearish sentiment in the broader ecosystem today, the coin’s price has fallen by more than 7% to $0.00001226 at the time of writing.
Crypto News Flash does not endorse and is not responsible or liable for any content, accuracy, quality, advertising, products or other material on this site. Readers should do their own research before taking any action related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned.
