An Italian fast food restaurant from Naples will parent with Shiba Inu in order to open a SHIB-themed joint called Welly’s so let’s find out more today in our latest cryptocurrency news.
The team behind the popular meme coin entered into its first real-world venture by partnering with an Italian fast food restaurant from Naples dubbed Welly’s. the duo promised healthy and not just fast food options and a goal to grow globally together. The announcement from Shiba Inu developer Shytoshi Kusama explained that the memecoin’s team chose this fast-food join because they were already looking for someone that will share their values. As such, they refrained from partnering with huge centralized conglomerates that sell food that is harmful and subpar.
Although Welly’s has only one store in Naple’s the company aims to open a few other ones in the next few years. The partnership with Shiba Inu could help both sides fo expand on a global scale. Being one-store restaurant allowed it to transform its place into a Shiba-Inu-themed joint in a week. As a part of the collaboration, the restaurant will start accepting Shiba Inu’s SHIB crypto as a payment method and according to the announcement, both parties will consider adding DOGE even though SHIB launched a marketing campaign that promised to be the next DOGE killer.
After launching in 2020, Shiba Inu gained mass popularity a year ago during the meme coin season. It became perhaps the biggest gainer in the crypto space with the team trying to capitalize on the attention and launch a decentralized exchange and the NFT collection.
As recently reported, The co-founder of Polygon Sandeep Naiwal revealed that India’s CryptoRelief will be giving back 100 million USDC from Buterin last year’s SHIB donation back to him. Buterin donated 50 trillion SHIB tokens to help the country battle the COVID pandemic. Naiwal revealed the reason why they decided to send $100 million of the donation back to Buterin. He explained that him being an Indian presents a few challenges and that he has to be extra cautious in the projects being donated to.
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Vitalik can do it in a more accelerated way because he is not Indian and he is able to make faster decisions and to deploy projects that have higher risks but higher rewards as well.
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