The lead developer of Shiba Inu (SHIB), Shytoshi Kusama has recently unveiled a groundbreaking project called ‘Shibacals,’ which aims to bridge the gap between digital NFTs (non-fungible tokens) and real-world items.
— Shytoshi Kusama™ (@ShytoshiKusama) June 21, 2023
The need to authenticate physical items in the age of blockchain and NFTs has become increasingly important. With the rise of scams and counterfeit products, it has become crucial to establish trust and verify the authenticity of tangible collectibles.
Shibacals: Authentication of Collectibles through NFC Technology
Shibacals aims to solve this problem by using NFC (Near Field Communication) chips to digitally authenticate real-world objects. By leveraging NFC technology and blockchain transactions, Shibacals revolutionizes the concept of collectibility, creating a unique synergy between the digital and physical realms.
This Shibacals initiative enables users to generate a tag for their real-world product, connecting it to their NFT collection. This authentication process ensures that the owner of the physical item is also the legitimate owner of the corresponding NFT.
However, when the item is resold, buyers can verify its authenticity on the blockchain, differentiating between original products and copies.
Shibacals’ impact goes beyond the Shiba Inu ecosystem. The project aims to provide an authentication layer for physical items on any blockchain, opening up endless possibilities for businesses and creators in the crypto space.
The introduction of Shibacals has already generated excitement and positive speculations within the Shiba Inu community. Shytoshi Kusama, the visionary behind Shibacals, has hinted at even more surprises in store for the community, including the unveiling of Shibarium, a layer 2 blockchain focused on NFT applications and the metaverse.
In addition, Shiba Inu enthusiasts can look forward to the release of the ‘’Worldpaper” a comprehensive document that delves deep into all aspects of the SHIB ecosystem. The Worldpaper will provide insights into the long-term plan for decentralization, partnerships, and other crucial details.
SHIB Tokens Surge
As the news of Shibacals broke, the Shiba Inu ecosystem tokens experienced a surge in value. SHIB, the native token of Shiba Inu, recorded about an 11% increase, making it one of the top gainers among major tokens. The BONE and LEASH tokens also saw significant jumps of 9% and over 5% respectively.