Shiba Inu pumpt after the main developer has announced details about the Shibarium update

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The Dogecoin-Killer Shiba Inu climbed on Thursday after one of the leading developers of the ecosystem unveiled new functions that will affect NFTs in the upcoming Shibarium ecosystem.

The upgrade can link users to NFTS with real assets in order to provide authentication and proof of ownership for physical objects.

Shibacals: proof of ownership for Shibarium

Shibarium is a meta-verse and NFT-focused Layer 2 blockchain that is operated with the three tokens of the Shiba Inu ecosystem: Shib, Bone and Leash.

According to the blog post by the developer Shytoshi Kusama on Thursday, the blockchain-which is expected to go into operation this year-will include blockchain gaming, "decentralized" entertainment, account abstraction and international governance.

This, he wrote, requires the structure of trust through various systems in Shibarium - one of them will be "authenticated collectibles" that are known as "Shibacals".

"Shibacals focuses on [Authenticity] and [aesthetic appeal], which promotes an authentication level that reinforces the concept of collectability," wrote Kusama. The developer sees both elements as core components of what a collector's item is, in addition to scarcity, demand, historical importance and other factors.

By Shibacals, Shibarium will authenticate real objects via an NFC chip that can be combined with "dynamic goals that offer countless possibilities that are ideal for companies". The developer compared the idea with the authentication of articles on eBay, only that Shibarium also creates the articles internally and uses blockchain transactions.

Kusama suggested that the completion of the Shibacals collector's pieces could take four to six weeks, since they were usually "high quality" and "handmade". Developers are already discussing with several blockchain teams about the use of authentication technology.

"Each crypto community, from Bitcoin Ordinals to your preferred old coin groove this service to quickly increase the commitment through the production of authenticated collectors," concluded the contribution.

Shib price increase

After the announcement, Shib rose up to 11 %that day, from $ 0.000007529 to $ 0.000008408 at $ 6:15. The coin, however, quickly undo a large part of his profits and fell to $ 0.000007824 at the time of the letter.

However,

Shib has still increased by 16 % compared to Bitcoin and other cryptocurrencies after Blackrock submitted his Bitcoin Spot ETF last week.

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