NFTShiba.Finance: A Decentralized Ecosystem Combining NFT Art, Gaming, and Investment
The NFTShiba.Finance whitepaper was initiated by Tetsuya Saito and released by the NFTShiba.Finance core team on June 11, 2021. This whitepaper was written after observing issues in the early NFT art market such as copyright infringement, duplication, and the lack of a reliable centralized verification institution, aiming to propose an “NFT 2.0” solution to build a safer and more trustworthy NFT ecosystem.
The theme of the NFTShiba.Finance whitepaper revolves around “NFT 2.0: A Bridge Connecting Physical Art and the Digital World.” What makes NFTShiba.Finance unique is its concept of a “reliable centralized verification institution,” designed to address copyright and authenticity issues of NFT artworks, and to connect artists, investors, and art collectors through “NFT virtual games” and an “art gallery ecosystem.” The significance of NFTShiba.Finance lies in introducing a stronger trust mechanism and interactive experience to the NFT art market, promoting the integration of digital art with the physical world, and providing new avenues for value discovery and circulation of NFT assets.
The original intention of NFTShiba.Finance is to solve the pain points of the current NFT art market, especially the challenges of copyright protection and authenticity verification. The core viewpoint stated in the NFTShiba.Finance whitepaper is: by establishing an “NFT artwork system verified by a centralized institution” and an “ecosystem using NFTPUNK as currency,” the uniqueness and value of NFT artworks can be effectively guaranteed, while providing users with immersive virtual art experiences and financial participation opportunities.
NFTShiba.Finance whitepaper summary
What is NFTShiba.Finance
Friends, imagine you have a digital gallery, but instead of ordinary pictures, it showcases unique digital artworks—what we commonly call “NFTs” (Non-Fungible Tokens). NFTShiba.Finance (abbreviated as NFTSHIBA) is a project aiming to build such a digital world. It’s like a platform that combines an art gallery with a virtual game, allowing artists, collectors, and investors to participate. The project officially launched on June 11, 2021.
Core Concept: Digital Art Gallery and Virtual Game
The core idea of NFTSHIBA is to create an “NFT 2.0” ecosystem, aiming to solve issues such as copyright infringement and duplication that traditional NFT art may face. They envision an ecosystem composed of art galleries, artists, and investors, all powered by a currency called NFTPUNK.
More specifically, NFTSHIBA also plans to launch an NFT virtual game called “THE PUNK&SHIBA WORLD.” You can think of it as a pixel-style “Minecraft,” but in this world, you can enter a virtual Tokyo art gallery to appreciate or even purchase digital artworks that are “locked” on the blockchain. This means that no matter where you are in the world, you can “visit” an art exhibition in Tokyo.
Project Vision and Value Proposition
NFTSHIBA’s vision is to create a fun and investment-worthy system, allowing everyone to participate in the world of NFTs as if playing a game. It hopes to solve some of the pain points in the current NFT art field, such as copyright issues and proof of uniqueness for digital assets, by introducing a “central institution” to verify the authenticity of NFT artworks. This is like issuing an official certificate for each digital artwork, ensuring its uniqueness and value.
Technical Features
The NFTSHIBA project is developed based on the Binance Smart Chain (BSC). Binance Smart Chain is a decentralized blockchain platform known for its fast transaction speeds and relatively low transaction fees. NFTSHIBA’s token is also a BEP20 token, which is a token standard on Binance Smart Chain, similar to the ERC-20 token on Ethereum.
Tokenomics
The token symbol for the NFTSHIBA project is NFTSHIBA. Its tokenomics design includes several mechanisms to encourage holding and increase scarcity:
- Initial Allocation and Burn: At project launch, 50% of the tokens were burned, 5% allocated to the development team, and the remaining 45% provided for liquidity. Such a large initial burn is usually intended to reduce total supply, theoretically increasing token scarcity.
- Transaction Fees: Each time NFTSHIBA tokens are traded, a 10% fee is charged. This fee is distributed as follows: 5% returned to token holders, 4% injected into the liquidity pool.
- Ongoing Burns: A portion of trading volume is also permanently burned, meaning the total supply of tokens will continue to decrease over time, further increasing scarcity.
Currently, NFTSHIBA can be traded on decentralized exchanges such as PancakeSwap V2.
Team, Governance, and Funding
According to available information, the initiator of NFTSHIBA’s concept is Tetsuya Saito. He is described as having extensive programming experience and unique business insights, dedicated to solving the problems of the NFT 2.0 era.
Regarding the project’s governance mechanism, treasury, and funding operations, there are currently no detailed disclosures in public information.
Roadmap
At present, detailed roadmap information for the NFTSHIBA project is limited. The CoinSniper website shows its roadmap status as “locked and pending submission,” meaning that detailed public planning may not yet be released or updated. The project launched on June 11, 2021, and plans to develop the “THE PUNK&SHIBA WORLD” virtual game and NFT art gallery.
Common Risk Reminders
Investing in any cryptocurrency project carries risks, and NFTSHIBA is no exception. Here are some common risks to be aware of:
- Market Risk: The cryptocurrency market is highly volatile; token prices may fluctuate dramatically or even go to zero.
- Lack of Project Transparency: There is currently a lack of a detailed whitepaper and public roadmap, increasing project uncertainty.
- Audit Risk: According to CoinSniper, the project has not yet been audited. Un-audited code may have security vulnerabilities, leading to asset loss.
- KYC Risk: The project has not undergone KYC (Know Your Customer) verification, which may mean team members’ identities are not public, increasing potential rug-pull risk.
- Liquidity Risk: If trading volume is low, it may be difficult to buy or sell tokens at ideal prices.
- Technical Risk: Blockchain projects may face smart contract bugs, network attacks, and other technical risks.
- Compliance and Operational Risk: Global regulatory policies on cryptocurrencies are still evolving and may impact project operations.
Please remember, the above information does not constitute any investment advice.
Verification Checklist
- Block Explorer Contract Address: You can view NFTSHIBA’s contract address on the Binance Smart Chain explorer (bscscan.com):
0xa2d3e8e0723c6cd0fbc0409fec13b9e67b2420bc. Through this address, you can check token transaction records, number of holders, and other information.
- GitHub Activity: No public GitHub repository link or activity information has been found so far.
- Official Website:
https://www.nft-shiba.info/
Project Summary
NFTShiba.Finance is a blockchain project attempting to combine NFT art with virtual gaming, aiming to build a digital art gallery and gaming ecosystem on Binance Smart Chain. It incentivizes holders and increases token scarcity through a unique tokenomics model, including transaction fee distribution and ongoing burn mechanisms. The project’s core concept is to solve copyright and authenticity issues in existing NFT art, initiated by Tetsuya Saito.
However, it should be noted that detailed whitepapers and comprehensive official materials about the project are currently relatively limited, such as detailed roadmap, team background, governance structure, and funding status are not transparent enough. In addition, the project has not undergone third-party security audits and has not completed KYC verification. For anyone interested in this project, it is strongly recommended to conduct thorough independent research (DYOR), carefully assess all potential risks, and always remember the non-investment advice principle of cryptocurrency investment.