Shihtzu — standing at the crossroads of NFTs, metaverse and meme industry
Because metaverses are analogous to the actual world and include real-world people, they need services such as identity verification, asset transfer, and some sort of commerce. An NFT is defined as any physical thing that can be digitized, encompassing both tangible and intangible assets. Since memes already exist in digital form, they are an excellent candidate for creating an NFT.
The worldwide NFT market is projected to be worth roughly $14 billion at this time. NFTs
All kinds of digital artworks, including images and movies, memes and films, as well as in-game objects are being traded as NFTs. Anyone may now own nearly anything in the form of an electronic token, thanks to the blockchain’s new idea of ownership. There are several prospective uses for NFTs, with some of the most prominent being in the fields of art and entertainment, where paintings, tweets, memes, and even music have been minted and sold as NFTs. This cutting-edge and rapidly developing technology has resulted in creating a slew of incredible platforms and products that were previously considered impossible.
NFTs and the Meme Industry
Memes have become ingrained in our mainstream culture and have infiltrated every facet of our online, and sometimes real, lives. Anybody who uses social media has come across at least one meme throughout their time online. Its attractiveness is mostly due to its versatility. Memes may be found in a wide variety of fields, including athletics, cinema, politics, and science. Prior to the arrival of NFTs, memes were nowhere close being considered for commercialization. However, due to NFTs, meme creators now have the opportunity to earn a living by creating memes and entertaining the online community with their creativity and expertise.
Any physical item that has the potential to be digitized qualifies as an NFT, including both tangible and intangible assets. Memes are a good candidate for becoming an NFT since they already exist in digital form. Selling anything has been a common situation in recent years, and what if memes could be monetized. The non-fungible token concept is the optimal answer since it enables anybody to sell their NFT memes for millions of dollars.
As a leading meme currency ecosystem, Shihtzu is launching one of its unique platforms for meme industry consumers and NFT artists from all over the globe. Shihtzu will join the market via the Binance smart chain, including the Shihtzu dog — a Chinese breed of dog dubbed the tiny lion. An imperative need emerges from Shihtzu’s use cases in the near future to enhance the susceptible image of meme currencies in the industry as well as develop its own exchange like Binance, Kraken, etc. This is the beginning of a breakthrough in the meme industry, leading to a crazy future of fast money.
Understanding NFTs and the Metaverse
Because the metaverses operate similarly to the real world and include real-world people, they need services such as identity verification, asset transmission, and some form of trade. This is where NFTs come into play, since they fulfil all of these requirements and more. Given that metaverses often need some kind of virtual economy to function, tradeable asset NFTs are critical. As consumers engage more with metaverses, they gain the ability to exchange assets successfully in both the physical and digital worlds through NFTs, ensuring a smooth transition between the digital and physical economies.
True ownership of digital goods is granted by NFT technology. If you grasp the level of security that having a digital asset on the blockchain provides, you’ll begin to realise how NFTs might build a global metaverse. There are plans to provide Shihtzu’s sophisticated NFT marketplace with the unique characteristics of minting, trading and selling NFTs. Aiming for the next generation NFT marketplace, it will eventually grow into pancakeswap and then into a decentralised exchange for its NFTs, making it an unusual and unique platform to deal with in the NFT ecosystem.
Digital asset owners may use the Shihtzu platform to establish NFTs in various new markets, including gaming, music, and others. As indicated by the prices paid for certain digital artwork, the notion of NFTs conferring ownership over digital goods has already been widely embraced by the public. The metaverse is only a virtual world implementation of that notion.
As the internet medium evolves, the meme segment will expand as well, opening the way for a plethora of exciting new ideas. The metaverse is nascent and we are still seeing the establishment of the technologies upon which it will be based. The metaverse will begin to take form when virtual reality advances, the internet becomes more widely available, and blockchain becomes widely used. Projects funded by the NFT are already progressing toward this new horizon. Creators will be able to mint and distribute their own NFT within the Shihtzu Metaverse and disseminate them globally, according to Shihtzu CEO, who believes that this will open up access to new NFT enthusiasts soon.
The Future of the NFTs — Shihtzu Ecosystem
It was also revealed that the Shihtzu platform would collaborate with other NFT farmers to create collections of NFTs that include a variety of different genres, including video games, music, and others. The Shihtzu development community has formed new partnerships with prominent NFT collectable series to celebrate significant events next year!
Other Shihtzu projects include working with YouTubers to offer more thorough information on the platform with a global audience, as well as the launching of Shihtzu token-based games and music albums, with pre-sales beginning shortly on the Shihtzu dashboard and on partner platforms.
The Shihtzu community encourages involvement and promotes a digital asset market, making the metaverse game more immersive. It is expected that the Shihtzu platform will become public in early December 2021.
Digital items and functional economies may be found in virtual worlds where technology permeates all aspects of daily life. It is anticipated that by establishing its own decentralised Finance (DeFi) ecosystem, Shihtzu will put Ethereum and any other Ethereum-based DeFi initiatives in fierce competition with one another. This makes it possible to move digital assets across several chains with relative ease.
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