Shiba Inu Leader Shytoshi Kusama Highlights NFT Drop Linked to Paris Hilton

In a recent social media post Adorned with emoji eyes, Shiba Inu leader Shytoshi Kusama has highlighted a non-fungible token drop associated with Paris Hilton.

Kusama responded to SHIB Metaverse Advisor Marcie Jastrow by sharing an NFT from the SHiB-themed collection.

“That’s hot”

The new NFT release, dubbed “MareBears,” is a collaborative effort between Paris Hilton, Ubisoft, and Charli Cohen.

The collection includes interactive digital pets, each priced at 0.077 ETH, with a total supply of 15,000.

hilton voiced their enthusiasm on social media, particularly for a one-of-a-kind “MareBear” with uniquely Parisian features.

Grim outlook for NFTs

Meanwhile, a recent study by dappGambl has shown a sharp depreciation in the value of NFTs, with 95% of NFT collections now considered worthless, marking a significant drop in a market that once saw volume of operations of $17 billion during a bullish period of 2021. market.

The study attributes this decline to an oversupply of NFTs and a lack of demand, particularly for collections that lack clear use cases or genuine artistic value, as only 21% of NFT collections are fully owned.

Despite the bleak outlook, the study suggests that NFTs could evolve to find specific functional use cases.

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