The Shiba Inu ecosystem has recently received attention as a result of a recent Blockbank announcement. In a blog post published on April 24, 2023, Blockbank, a Lithuania-based neobank, announced the integration of the Shiba Inu (SHIB) token to its CeFi wallet.
A neobank is a digital bank that exclusively works online and does not have any physical branches. They provide a variety of financial services via mobile apps or websites, with a focus on a seamless user experience and cheap prices. Neobanks tailor their services and provide insights into their customers’ spending habits by utilizing cutting-edge technologies such as artificial intelligence and machine learning. They frequently collaborate with other fintech firms to provide additional services, such as bitcoin trading or international money transfers. For consumers who wish to manage their accounts digitally, neobanks offer a cost-effective and simple alternative to traditional banks.
Users can now deposit and withdraw $SHIB tokens on the Ethereum (ETH) and Binance Smart Chain (BSC) networks, according to a blog post published by Blockbank. To provide users with a variety of trading alternatives for their SHIB tokens, the site also offers trading pairings $USDT, $USDC, and $BBANK.
Blockbank’s post highlights the Shiba Inu ecosystem’s growing popularity, emphasizing its decentralized, community-led approach. Since its introduction in late 2020, the $SHIB token has been accepted as payment at hundreds of establishments globally. In addition to SHIB, the Shiba Inu ecosystem includes tokens such as $BONE and $LEASH. According to Blockbank’s website, $BONE is the governance token, allowing community members can vote on proposals via Doggy DAO, whilst $LEASH provides special incentives to loyal supporters due to its restricted availability.
Several projects within the Shiba Inu ecosystem are also mentioned in the blog post. Shibarium is a Layer 2 blockchain that aims to improve decentralized financial security and innovation. Shiboshis is another project that consists of 10,000 unique Shiba Inu-generated Non-Fungible Tokens (NFTs) on the Ethereum blockchain, as well as a game called Shib Eternity.
Finally, Blockbank’s post introduces “Shib: The Metaverse”, a virtual portrayal of the Shiba Inu community’s collective history. According to Blockbank, the goal of this metaverse project is to provide immersive experiences that allow users to explore and engage with the Shiba Inu universe while also providing opportunities for passive revenue, resource gathering, and project management.
