Shiba Inu Solves Ledger Vulnerability with Innovative Partnership and Cold Storage Solution

Shiba Inu is reportedly working to announce another major update to the Shib community. According to Lucie, a Shiba Inu official content marketing specialist, the team would soon launch the SHIB cold wallet updates with information on pre-orders expected today or tomorrow

Shibarium1, an official member of the SHIB team, has also disclosed that the team has an exclusive promotional offer to incentivize the wallet launch. Even though match details were not revealed, it is expected that the offer may include discounts and bonuses for users who use the cold storage at launch.

It has also been reported that there could be a collaboration between the Shiba Inu team and Huobi and Certik with much focus on the cold wallet. It is reported that the wallet would support multiple currencies and would have an extra layer of security to lock tokens away from high market volatility and other threats

Swiss-based cryptocurrency hardware wallet Tangem is reportedly mandated to build the wallet. It can be recalled that Shibarium1 urged the community to visit the company’s official website for the wallet features and any possible pre-orders

Per the information available, 6,000 currencies including cryptos and fiats would be supported, and would also provide quick access to decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized exchanges (DEX), etc

Lucie Speaks on the Cold Wallet

According to Lucie, the wallet would be the same size as a credit card for easy movement.

Shiba Inu is also working on “SHIB: The Metaverse,” a project to expand the utility of the eco. After launch, 100,595 plots of land would be available to be minted by users. Some of the benefits of owning such lands include the generation of passive income from plots, collecting in-game resources, and generating rewards. In the future, players can have their personal space to build and manage their projects.

In addition, users can create their own avatars in the metaverse to explore and take part in the gaming space. SHIB: The Metaverse, is expected to be opened by December this year according to developers.

While all development takes time, the MV team is confident that by the end of 2023, users will have the opportunity to explore some of the areas in this fantastic world, build, design, play and develop within it. However, it should be noted that not all areas of the metaverse will be fully completed as it is an ongoing project.

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SHIB has a current bearish market sentiment and has fallen by 24 percent in the last 30 days. The meme coin has also fallen by 1.4 percent in the last 24 hours to trade at $0.000009