The launch of the Shiba-themed fast-food follows the announcement by Shiba Inu’s lead developer, Shytoshi Kusama, of a partnership with a decentralized fast-food restaurant chain based in Italy.
Welly’s recently completed a rebrand, adopting blockchain technology to decentralize the fast-food chain. In addition, Welly’s has also made the Shiba Inu dog its new official image. The Shiba Inu Team tweeted;
The Shiba Inu-Themed Restaurant
At the restaurant’s launch, the Shiba Inu team announced that SHIB would be used for payment at the fast-food chain. This real-world application of the meme coin assures higher utility and demand for SHIB tokens.
In addition to the launch of the fast-food joint in Naples, Italy, Welly’s has revealed its plans to expand and open multiple stores in 2022 and 2023. SHIBA holders would also have exclusive access to discounts, rewards, and other perks.
Shytoshi Kusama has also explained that holders of SHIB can participate in the decision-making of Welly’s as it expands by “making choices in the Doggy Dao, purchasing NFTs for exclusive benefits, or just enjoying good food and sharing our vision.”
Announcing that it would stick with Shiba Inu and its ideologies of decentralization, Welly’s announced that it would avoid partnering with “huge centralized conglomerates.”
On the Flipside
- Shiba has failed to repeat its 2021 successes, dropping by 76% since peaking at $0.00008845 in October 2021.
Why You Should Care
The launch of the Shiba-themed fast food not only marks Shiba Inu’s foray into the real world but also boosts the utility of SHIB through real-life transactions.