Shiba Inu had a busy week with several important announcements. PleasrDAO announced that it would fractionalize the $6 million Doge NFT and then the announcement of a strategic partnership with Shiba for the Civilization token.
Let’s look at the most important developments in the Shiba Inu ecosystem during the last week.
Shiba Inu Announces Strategic Partnership with Civilization
ShibaSwap was the decentralized exchange launched by the 600,000.+ Shiba Inu community. It awarded special status to the civilization token and received rewards. On the 31st July, Ethereum was launched with the Civilization token (CIV). Through its strategic partnership with Shibaswap, the token makes it possible for all users to enjoy decentralized investments.
A mutually beneficial partnership
Both projects will benefit from the partnership, which raises awareness about the newly established and decentralized Shiba Inu Exchange. Civilization (CIV), on the other hand, will be able to showcase the CIV Investment Fund technology. The CIV platform investment will now be available to Shibaswap users, opening up new opportunities for the Shiba community.
Civilization has a total value of over $3 million and a market capitalization of over $40 Million. Civilization is making great strides towards its goal to build the first Decentralized Investment Fund using Artificial Intelligence. Civilization investors can access additional benefits by being listed on Shibaswap’s WOOF-list.
Transformation of DeFi Staking and Investment
CIV and its decentralized community are determined to completely transform DeFi investment and stake-taking. This will be possible by trustless, community-driven decision making. CIV acts as its own bank, and it funds the projects that DAO-voting and community leaders have chosen.
PleasrDAO to Fractionalize Doge NFT
PleasrDAO announced plans to split the original Doge NFT (currently worth $6 million) into billions of parts. This will enable everyone to have a piece the original image. This rare NFT is a tribute the Doge movement, which began in 2013. Atsuko Sato was the owner of the Shiba Inu named Kabosu. He created the NFT from the original photo and sold it to PleasrDAO at a record 1696 ETH.
This fractionalization is the largest exercise in fractional ownership and will begin on the 1st September. PleasrDAO will provide exposure to the Doge NFT via 16,969,696,969 $DOG tokens. Initially, the DOG auction will only be able to offer 20%, with 25% going to community programs. This will allow for continued development.
The auction will be held on Miso, a decentralized online auction platform. Tokens will also be available for sale through Wrapped Ethereum (WETH).
Webull – $SHIB
Twitter handle Shiba Inu also tweeted the news that $SHIB token has been listed on Webull. Users can now trade $SHIB via the trading platform.