Shiba Inu (SHIB) and Bugatti Group introduce new NFT collection

Shiba Inu (SHIB) and Bugatti Group introduce new NFT collection

Shiba Inu has announced a new partnership with the Bugatti Group with the objective of launching a limited edition of blockchain-based digital collectibles accompanied by physical products.

Meme coins on the rise

In a Twitter post, the Shiba Inu team said that the special event with the Bugatti Group is a ‘mint party’. According to the announcement, this is the first collaboration involving Shiba Inu that offers “phygital” products, which are physical items accompanied by NFT certificates.

The update said:

“We’re excited to announce our upcoming special event, in which Bugatti Group will host a mint party and space dedicated to our #Shiboshis!”

The Shiba Inu team stated that the partnership would be of special benefit to holders of shibtoken’s genesis NFT and members of the Shiba Inu community. Shiboshis are unique collectibles that were launched exclusively in the Shiba Inu ecosystem last year.

299 limited-edition NFTs plus an exclusive edition

The statement highlighted the partnership with Bugatti Groups and the minting of 300 limited-edition NFTs. It added that the mint price for the limited edition is 0.14 ETH. 95% of all the mints will be accompanied by a Cross Body limited edition Luggage Bag from Bugatti Group.

The remaining 5% mints will be rewarded with a limited-edition of Bugatti Group’s Carry-On items. 15 randomly selected Shiba Inu community members will also win a limited edition of Bugatti’s Carry-On for placing their own Shiboshi collectible design.

55% off in travel deals from Bugatti Group

The January 11 statement from Shiba Inu said that the mint event will be launched during its Twitter Space Event, which will feature three Web3 music artists as invited guests. A week after the mint is completed, the Redemption Portal will be launched in conjunction with Bugatti Group. Holders of the NFT will enjoy a 55% rebate from Bugatti’s travel accessories

Shiba Inu has entered into a number of partnerships since the platform was launched. Last November, the Shiba Inu team partnered with Travala, a crypto-friendly travel and tourism platform that gave some incentives to travelers who book with SHIB. The deal gave holders of the cryptocurrency travel credits and supported hotel bookings at some selected top hotels in Dubai.

Shiba Inu partnership with international fashion brand

Although speculation, it is probable that the Shiba Inu team is taking advantage of the recent pump of $BONK, the hottest meme coin at the moment, to further its ecosystem with new developments and partnerships.

In a similar partnership, Shiba Inu announced it would be working with fashion designer John Richmond to create a Shiba Inu themed clothing line alongside other works by the designer’s brand, Richmond X. In a Twitter post he made yesterday, the designer said that his recent designs would feature at the ongoing fashion event at Florence, France. According to the tweet:

“Excited to announce at #PittiUomo our latest collection, Richmond X.  This line combines sporty and chic elements, perfect for the modern fashion-forward individual.’

The February 2022 partnership is the first between an international fashion brand and a meme coin. It was borne out of the desire to promote SHIB using the rebellious fashion statements by the Richmond collection.

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