Key Points:

  • Shiba Inu developers are working on a service that links real-world assets to NFTs to prove ownership in Shibarium ecosystem rollout.

  • Shibarium is a layer 2 blockchain for NFT applications that will use SHIB, BONE, and LEASH tokens.

  • Shibacals: Authenticated Collectibles will use NFC chips to digitally authenticate physical items and boost their value. Shibacals can generate a tag for a real-world product, such as a T-shirt, that authenticates the owner of the T-shirt and the NFT as the same person.

Shiba Inu ecosystem are working on a new service that will link real-world assets to non-fungible tokens (NFTs) to establish ownership as part of their Shibarium ecosystem rollout.

The Shibarium ecosystem is a layer 2 blockchain that focuses on metaverse and NFT applications, using the Shiba Inu (SHIB), bone (BONE), and leash (LEASE) tokens to operate. The blockchain is set to go live later this year, according to the developers.

In a recent update, lead developer Shytoshi Kusama shared that the “Shibacals: Authenticated Collectibles” will employ NFC chips to digitally authenticate physical items. This innovative approach could increase the value of these collectibles. The Near Field Communication technology will allow devices to interact wirelessly over a very short distance.

Shibacals can be used to generate a tag for a real-world product, such as a T-shirt, which is tied to a user’s NFT collection. This way, the owner of the T-shirt and the NFT can be authenticated as the same person. On resale, these tags can be verified on the blockchain, which will help buyers differentiate between original products and copies.

“The NFT craze is, in part, due to the verifiable ownership and scarcity that digital items on the blockchain offer,” Kusama explained in the update. “But, what about physical objects? As mass adoption unfolds (preferably on Shibarium), and scammers move from wallets to tangible items, how will we authenticate these items?” Shibacals tags will not be limited to the Shibarium ecosystem and could be used to verify products on any blockchain, according to the article.

The development of Shibacals is an exciting addition to the Shibarium ecosystem, providing a solution for verifying the authenticity of physical items. This could have significant implications for the NFT market and could potentially open up new opportunities for blockchain technology in the physical world.

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