Floki is a cryptocurrency that began as a memecoin based on Elon Musk's dog, gradually evolving into a full-fledged web3 ecosystem including decentralized finance, NFTs, and the metaverse.
The origin of the Floki Inu coin can be traced back to June 2021, following a tweet by Elon Musk that he named his pet Shiba Inu “Floki.” The project originally began as a dog-themed meme coin similar to Dogecoin called Floki Inu. However, as the project grew beyond a meme coin and gained significance, the team decided to rename it “Floki.” The Floki ecosystem includes the Valhalla NFT metaverse, the FlokiFi DeFi ecosystem, an education platform, and a marketplace.
Valhalla is an NFT metaverse where users can earn rewards through gameplay. The game runs on the $FLOKI token and requires players to hold a certain amount of FLOKI in their wallet to unlock playable characters. Players can accumulate FLOKI Tokens by participating in battles in the game.