- Shiba Inu Network has partnered with communications network Unity to give the SHIB token real-world utility.
- This comes amid rising tensions among SHIB investors, with the token recording a 9.4% loss over the past month.
Shiba Inu (SHIB), the second largest meme coin launched in 2020, announced a partnership with Unity Nodes, a blockchain-based mobile edge network designed to enhance verification of communications infrastructure.
Over the years, SHIB has expanded beyond memes and introduced initiatives such as Shibarium, a proprietary layer 2 network, and metaverse applications. Our current partnership with Unity Nodes connects Shiba Inu to real-world communications infrastructure.
Using Unity Nodes, communications network validation covering mobile carriers, signal quality, and routing is achieved through a distributed node system consisting of switch nodes, validation nodes, and ground nodes. All verification results are recorded on-chain, ensuring immutability and transparency, and are accessible to carriers and customers via APIs.
The communications and connectivity sector, valued at approximately USD 2 trillion, represents a huge opportunity for blockchain integration and is essentially a case of “crypto-infrastructure convergence.”
How can the community benefit?
Through this partnership, SHIB tokens will be accepted as payment for purchasing Unity Nodes licenses via a dedicated custom gateway. Purchasers who pay with SHIB will receive bonus incentives such as an additional 5% on additional licenses, along with an exclusive Shiba Inu branded NFT associated with their purchase.
Node operators running Unity Nodes licenses can earn direct rewards with SHIB or lease licenses to generate passive income, creating multi-path revenue models that support self-operated, leased, or hybrid approaches.
The program is limited to approximately 6,000 issued licenses, increasing scarcity and potentially further increasing the advantage for early adopters. Additionally, each $5,000 license includes a locked token allocation of $1,875 in both MNTx and WMTx, held for 24 months as part of the incentive structure.
Key concerns for investors
The Shiba Inu investor community is growing anxious amid renewed concerns about the potential collapse of the popular meme-turned-utility token. In the past 24 hours, Shiba Inu recorded a significant trading volume of $126 million. 27.5% Decrease.
The token is currently being traded 88.69% or less The all-time high is hovering around $0.000009732, just below the resistance barrier at $0.0000108.
As CNF explained in a report, investors' concerns deepened after an exploit occurred on Shiba Inu's Layer 2 network, Shibarium, on September 13th. The developers described the incident as a “coordinated attack” in which the perpetrators used flash loans to obtain 4.6 million BONE tokens and then gained access to validator signing keys.
While the stolen tokens remain locked at Validator 1, the SHIB team has launched an investigation in collaboration with Hexens, Seal 911, and PeckShield.
Lucy, head of marketing at Shiba Inu, directly addressed the community's concerns: “Projects spend millions of dollars on marketing, but they disappear in a year or two. They change the blockchain, they change the brand, and they disappear. The SHIB ecosystem has taken all the hits, but it's still here, building and fighting. You don't need to mention other projects to say something.”
Lucy compared Shiba Inu's progress to the early struggles of the Coca-Cola Company, noting that in 1886, Coca-Cola was selling only nine cups a day and even operating at a loss in its first year. But today, 1.9 billion drinks are served every day in more than 200 countries.
Despite the market turmoil, the SHIB holder base exceeded 1.55 million. Currently, Shiba Inu has a market capitalization of $5.74 billion, and the token has increased by a remarkable 8% over the past week, outpacing the global crypto market's average increase of 0.6%.
