In a recent social media post adorned with the eyes emoji, Shiba Inu leader Shytoshi Kusama spotlighted a non-fungible token drop related to Paris Hilton.
Kusama responded to Marcie Jastrow, SHIB’s metaverse advisor, who shared a SHiB-themed NFT from the collection.
Congrats to @RSTLSSxyz@charlicohen@bendidhisbest for their new drop, they even did a #shib for us. @mvshib #shibthemetaverse pic.twitter.com/ty6IrtKtzP
— Marcie Jastrow (@marciejastrow) September 29, 2023
“That’s Hot”
The new NFT drop, called “MareBears,” is a collaboration between Paris Hilton, Ubisoft, and Charli Cohen.
The collection consists of interactive digital pets, each priced at 0.077 ETH, with a total supply of 15,000.
Hilton expressed her excitement on social media, especially about a unique ‘MareBear’ with unique Parisian features.
Happy Mare Bear Day! The public currency is now live. @RSTLSSxyz @CharliCohen
Some details…
✨ Offer: 15,000
✨ Public price: 0.077 ETH
✨ RSTLSS holder Price: 0.069 ETH
✨ You can pay via credit card or debit cardHere’s the link to get your ‘MareBears’: https://t.co/d60h6uIM8R
(1/3)
— ParisHilton (@ParisHilton) September 28, 2023
Bleak outlook for NFTs
In the meantime, a recent survey by dappGambl has shown a steep decline in the value of NFTs, with 95% of NFT collections now considered worthless. market.
The research attributes this decline to an oversupply of NFTs and a lack of demand, especially for collections without clear use cases or real artistic value, with only 21% of NFT collections having full ownership.
Despite the bleak outlook, the study suggests that NFTs could evolve to find specific functional use cases.