Shiba Inu is set to launch the limited edition of its customized cold wallet from Tangem soon. As per a Discord message by Shibarium1, an update regarding a preorder would be announced shortly.
The cryptocurrency wallet, which was developed by the Swiss blockchain firm Tangem, is user-friendly, built like a regular credit card, and can be used with a smartphone. Additionally, it doesn’t need batteries or wires, which suggests portability.
Shiba Inu marketing expert Lucie Sasnikova presented the suggested characteristics of the Tangem SHIB Wallet in the announcement post from May 13 quoting Tandem.
The unique wallet will support over 6,000 cryptocurrencies, as well as several DeFi apps like non-fungible tokens [NFTs] and decentralized exchanges [DEXes], according to the tweet. The wallet is free to use, and no personal information needs to be entered.
The latest update comes after crypto wallet maker Ledger has come under massive backlash for its new “Ledger Recover” feature. Some Twitter users claimed that the service, which stores encrypted user seed phrases with third-party custodians, undermines Ledger’s stated commitment to privacy and security.
The stir prompted Sasnikova to say that the SHIB team had made the right decision not to partner with Ledger to create their SHIB cold wallet.
In some related developments in the meme token ecosystem, Shiba Inu’s Metaverse team would unveil the previews of four hubs namely WAGMI Temple, Rocket Pond, Ryo Plaza, and Tech Trench by the month of September.
The latest update was shared by Marcie Jastrow, SHIB’s metaverse consultant, in an interview with Sasnikova. Apart from that, Jastrow also disclosed that Shiba Inu’s metaverse will be released on PC, mobile, and virtual reality [VR].
Recently, the Shiba Inu community saw the emergence of a new large SHIB holder. The investor added $176,800,000 worth of Shiba Inu tokens, data from Etherscan showed.
Whale Bought 20T Shiba Inu Tokens, Making Him The 5th Largest Holder
On-chain data revealed that the whale scooped up 20 trillion SHIB tokens worth $176.80 million in four consecutive equal transactions of 5 trillion SHIB tokens each.
The transfer has made the SHIB investor the fifth biggest holder. This new SHIB investor’s portfolio also makes up 2% of the Shiba Inu supply.