The upcoming Shiba Inu movie has several facets, including its involvement with Netflix. The lead developer of the game, Shytoshi Kusama, has tagged the company in a number of tweets. According to PlanetCrypto, Shytoshi could be hinting at the possibility of acquiring movie rights for the game. In one of his recent tweets, Shytoshi said that he had written a movie script and would love to produce it for Netflix.
In the latest teaser, the Shiba Inu has been teasing its fans with new surprises. The teaser video consists of a 16-second clip wherein the Shiba Inu logo appears on various television screens, accompanied by the sound of a clucking chicken. Later, two kitchen utensils appear on a screen, turning into an X. What could these two brands be up to?
The lead developer of the Shiba Inu ecosystem, Shytoshi Kusama, has been tagging Netflix several times in recent tweets. Crypto Twitter users have speculated that the teaser is a tease for the Netflix collaboration. The Japanese breed has been rumored to appear in a film since October 2021. But there has been no official confirmation, yet.
As for the Netflix partnership, Shytoshi tweeted about the new project a few weeks ago, hinting at a potential collaboration. In a separate tweet, Shytoshi revealed that he has already written a script. If all goes well, a Netflix movie will be released next year, in 2023. The teaser has certainly wowed the SHIB army, but investors have their own thoughts.
The team behind the Shiba Inu game is planning a Twitter Spaces Ask Me Anything (AMA) session on Tuesday, and they’ll likely feature two special guests. While it is unknown who will be on the AMA, it’s likely that Volk and Kusama will discuss the development of Shiba Inu games. In the meantime, they’re going to update their followers on how Shiba Inu is progressing with the Netflix partnership.
In a recent tweet, lead developer Shytoshi Kusama teased that the company has a partnership with Netflix, teasing the company’s audience of potential movie rights. A small Shiba Inu logo was placed on a number of television screens, along with two cooking utensils. The video ends with a chicken clucking. It’s unclear what the collaboration is, but the social media community is going wild.
In addition to the AMA, the team of Shiba Inu will host a Twitter Spaces Ask Me Anything (AMA) on Tuesday. The event will be hosted by Shiba Inu’s lead developer, Shytoshi Kusama, as well as former Activision head William Volk. Among the speakers are the Shib Informer, Archangel, and Queenie, who is the official moder of the meme coins Discord channel. The AMA will start at 8 a.m. EST.
The team also announced a collaboration with Welly’s, an Italian fast-food chain. The Shiba Inu ecosystem is gearing up to unveil some big stuff in the NFT space. The official Discord moderator Queenie hinted at an announcement in 2022, but did not specify when. Despite the time-frame, the upcoming event is likely to have a bullish impact on Shiba Inu’s price.
The Shiba Inu was initially launched as a direct competitor to DOGECOIN. However, unlike DOGECOIN, SHIBA INU’s token will have a more limited lifespan and may be a’meme coin’ instead. This coin is expected to top out at $0.00004, which is close to the DOGECOIN price. With Netflix’s massive reach across the globe, the Shiba Inu can become an important part of a larger media enterprise.
410 trillion Shiba Inu coins have already been burned
Vitalik Buterin, co-founder of Ethereum, burned a Shiba Inu coin recently. However, he has a point. The amount of SHIB that is circulating is massive – over 1,000 trillion. The fact that so many SHIB have already been burned limits their future value. However, data shows that several initiatives are burning more SHIB every day.
According to the Ethereum blockchain, over 410 trillion Shiba Inu coins are already burned. This represents over 41% of the total supply of SHIB. The cryptocurrency had a meteoric rise in October 2021, reaching a high of $0.00008616 on Oct. 28. Buterin’s decision to burn his coins isn’t surprising, as his donation of the token was a good cause.
Vitalik’s decision to burn SHIB impacted the Shiba Inu tokens’ price. With more SHIB coins available, prices will fall. As a result, Shiba Inu coin prices sank by 30% the same day. Worse, the Shiba Inu community panicked and began selling their tokens for a mere fraction of what they were worth.
The Shiba Inu cryptocurrency has taken the crypto meme one step further by burning more than 25 million of its tokens. A SHIB token burned to a special address called @shibburn cannot be withdrawn from circulation and sent to another party. This method is used by developers of the Shiba Inu coin to limit its supply. This is also a method of inflation control.
Netflix’s involvement with Shiba Inu
Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, has been teasing the movie company in several tweets. The developer has said that he already has a script, and would like to produce the movie. This is not the first time Shytoshi has teased a movie collaboration. The company previously collaborated with Activision on the movie “Bitcoin Killer.”
The virtual world that will comprise the metaverse will have 100,595 plots of land, divided into private and public segments. Plots will be available for purchase in the first phase, and the rest will be locked for public use. The Shiba ecosystem will play a crucial role in the metaverse, and LEASH holders will have first dibs on the public plots. While this may seem exciting, prospective investors should remain wary of Shiba Inu’s ambitious plans.
The company behind Shiba Inu says that the coin is not a cryptocurrency, but a “decentralized exchange” centered around the dog breed. The coin is unlike dogecoin, which was created primarily as a means of tipping online creators. Shiba Inu developers want to dominate the dog-themed coin market, so they’re pushing hard to make it big.
The cryptocurrency’s recent rise has surprised many investors, as Shiba Inu has surpassed most popular digital tokens in a single day. The market cap of the cryptocurrency is over $19 billion, and it’s been listed in several exchanges. In addition to Netflix’s involvement in Shiba Inu, the cryptocurrency has received a boost in recent days due to Elon Musk’s tweets.