Popular dog-themed crypto project Shiba Inu (SHIB) has finally revealed the details of its partnership with the Bugatti Group. The project teased the collaboration a few days ago on Twitter, which received a lot of praise. However, the team has now revealed what the partnership would look like.
According to the statement, the Bugatti Group will conduct a unique event in collaboration with Shiba Inu. The partnership will introduce a limited-edition collection of tangible goods and valuable NFTs in recognition of the owners of genesis SHIB NFTs, Shiboshis.
At a mint price of 0.14 Ethereum (ETH), the exclusive special collection is releasing 299 limited releases. Notably, 95% of those who participate will receive a special cross-body bag from Bugatti. Meanwhile, the remaining 5% will be able to win a carry-on item in which they may store their Shiboshi NFT design. As part of this profitable limited-time partnership, Shiba Inu and Bugatti Group are also giving a 55% discount on their special travel accessories.
Individuals can take part in the event by using the Minting Portal. The minting portal will be launched in an upcoming Twitter Spaces. The Redemption Portal will welcome participants a week after all mints have been grabbed. SHIB and Bugatti will announce the Redemption Portal soon, the statement said.
Will Shiba Inu’s price make a positive move?
SHIB is struggling to get past the $0.000009 barrier. Although the token remains popular, the bear market has got the best of SHIB. Partnerships, like the one with Bugatti, undoubtedly help the project. However, the larger economic picture continues to look gloomy. With inflation and interest rates still high, investments in risky assets are unlikely.
However, Shiba Inu has the highly anticipated Shibarium launch under its sleeve. It could be a game changer for the dog-themed crypto project. Nonetheless, we do not have an exact launch date for the upcoming layer 2. Many expect SHIB’s price to moon upon Shibarium’s release.
At press time, SHIB was trading at $0.00000891, up by 2.8% in the last 24 hours.