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- Shiba Inu is preparing for a massive development of its ecosystem as the meme network collaborates with Amazon.
- Shibburn calls on new twitter owner Elon Musk to find a permanent solution to content plagiarism on the platform.
The world of crypto comes with never-ending surprises. The latest surprise is a massive partnership between the popular meme digital asset SHIB, retail giants (Amazon), and the new Twitter owner, Elon Musk.
A Twitter account that offers updates about SHIB (@ShibaInuNews) was the first to share the update. The partnership will kickstart new developmental steps for the Shiba Inu ecosystem.
BREAKING: A massive partnership between #SHIB and @amazon is being worked on. It could happen as soon as December 1st if negotiations continue to go well.
(We’ll have more on the story soon. Please make sure you follow. We were FIRST to break when Robinhood was listing $SHIB) pic.twitter.com/nhrppVa6e8
— Shiba Inu News (@ShibalnuNews) November 20, 2022
Burning SHIB via Amazon
Meanwhile, the latest event is still a developing story, as no further information has been revealed about the partnership. In addition, negotiations are still ongoing on the possible launch of the new deal between the parties. Hence, @ShibaInuNews stated that it would provide updates regarding the development by December 1 if all goes as planned.
As far back as May 27, a news report indicated that SHIB Super Store, the meme coin burner, had been integrated into the Amazon Affiliate Program. Accordingly, the Shiba Inu store will use 1 to 20 percent of its profit to purchase SHIB, which users can burn every Sunday. Then, the total number of tokens burned was 2 million SHIB.
Before the platform could attain such a feat, the SHIB Super Store deposits part of its profits from advertising games and selling merchandise branded with SHIB.
In a related development, the Shibburn Twitter account, which keeps tabs on all SHIB burn activities, has called on Elon Musk to address the incident of content theft on Twitter. According to the tracking platform, the move is necessary to prevent others from making money on the new Twitter model that the Tesla owner is working on creating.
Interestingly, the request came following Musk’s announcement that content creators will earn higher compensation soon, and the platform is working on a way to make it happen. However, Shibburn is concerned about the high level of plagiarized content on Twitter.
For instance, hundreds of entities continue to steal reports on ShibBurn’s activities and pass them off as their own. The SHIBBurn believes it is high time Twitter stopped monetizing plagiarized content.
SHIB’s burn rate soars by 38.4 million in 24 hours
The burn rate of the canine cryptocurrency has managed to drive the asset’s price up and reduce its supply. However, the entire crypto market is in the red. Hence, there is little momentum that a constant burn rate can generate.
Nevertheless, the constant SHIB burning has attracted the largest Ethereum whales to the coin. A WhaleStats recent update shows the top 2000 Ethereum whales have accumulated about $70.39 million worth of SHIB tokens. At the time of this writing, Shiba Inu was among the top 2,000 assets held by the largest ETH whales, followed by UNI and MKR.
If the partnership between SHIB and Amazon is successful, it will have profound ramifications for the meme-themed cryptocurrency.
