Shiba Inu (SHIB) Partners with Bugatti Group to Launch New NFT Collection

Shiba Inu (SHIB) Partners with Bugatti Group to Launch New NFT Collection

The Shiba Inu (SHIB) team has just revealed a collaboration with luxury brand, Bugatti Group, to launch a limited-edition collection of physical items and collectible NFTs.

As cryptocurrency prices plunged in 2022, it also threw cold water on the Non-fungible token (NFT) space. Prices have fluctuated dramatically since then with NFT trading volumes experiencing a sharp downtrend. However, the sector stared the new year on a boisterous note as the first week of 2023 saw a 26.01% increase in terms of sales, compared to the last week of 2022. As per Cryptoslam.io, a whopping 1.2 million NFT transactions took place among 400,748 buyers with nearly $209 million in NFT sales across 19 different blockchain networks.

New NFT Collection

On January 11, Shiba Inu (SHIB) team took to Twitter to announce a brand new partnership with the North American luxury firm Bugatti Group featuring “Shiboshis”. Launched in 2022, Shiboshis are a collection of NFTs, that are exclusive to the Shiba Inu ecosystem.

The Bugatti Group will host a special “mint party” to introduce the collection of NFTs and physical items to the Shiboshis NFT genesis holders. As per the announcement, the special collection will comprise of 299 limited releases at a mint price of 0.14 Ethereum (ETH).

In addition, 95% of users who mint will receive a unique Cross Body Luggage Bag from Bugatti while 5% will be able to receive a carry-on item in which they can place their own Shiboshi NFT design. The collaboration will also offer a 55% discount on Bugatti’s exclusive travel accessories. The SHIB team further explained that user who are interested can use the “Minting Portal”, which will launch during an upcoming Twitter Spaces conversation.

Shiba Inu (SHIB) Partners with Bugatti Group to Launch New NFT Collection

Shiba Inu Partnerships Go keep growing

Recently, Shiba Inu (SHIB) clothing partner John Richmond announced that “Richmond X”, a brand-new collection that will be presented at the Pitti Immagine Uomo event in Florence, Italy. Richmond further urged the Shiba Inu Army to be present at the event. In February 2022, the popular dog themed digital token became the first crypto currency to join hands with an international fashion designer.

In November, the Shiba Inu team partnered with crypto-friendly travel booking website Travala to launch a special deal allowing SHIB users to get a free $25 travel credit. As per the annoucement, W Hotels, a luxury hotel located in Dubai, collaborated with Travala to allow its customers to pay for booking using SHIB tokens.

It seems these partnerships will provide a major boost for Shiba Inu (SHIB) considering the exposure it would get on all the platforms.