What is Shiba Inu (Shib)?

Definition: Shiba Inu (or SHIB) is a token designed to be an Ethereum-compatible alternative to Dogecoin (DOGE). Like DOGE, SHIB is intentionally abundant — with an initial circulating supply of one quadrillion coins. The Shiba Inu ecosystem also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.

What is Shib (Shib)?

Like Dogecoin, SHIB is a meme asset: a cryptocurrency that's inspired by Internet memes, around which communities of enthusiasts form. The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media.

What happened to Shib?

The donation became news around the world, hugely raising SHIB’s profile. After the donation, perhaps as a gesture of goodwill to the SHIB community, Vitalik “burned” another 410 trillion SHIB tokens (40% of the total supply) — permanently removing them from circulation.

What is Shib the Metaverse?

Developers of SHIB: The Metaverse plan to offer creative ways to foster immersion and community, including strong partnerships and foundational resources. The minting of land in SHIB: The Metaverse occurs through the Shib.io website.