Web3 LinkedIn Integrates Shiba Inu, Aims to Burn SHIB with Accrued Fees

Shiba Inu (SHIB) has bagged a full integration from LaborX, the Web3.0 LinkedIn alternative.

LaborX recently announced its full support for Shiba Inu through its official X account. The startup stated that an entire section of its platform has been dedicated to the token and its community. 

LaborX & @Shibtoken partnership is heating up! 🔥

1️⃣ We’re adding a section on our platform entirely dedicated to the Shiba Inu community, with gigs created by ShibArmy freelancers & tasks paid exclusively in $SHIB 🚀

2️⃣ LaborX will burn the $SHIB & $BONE we receive in fees… pic.twitter.com/forjeXDu3I

— LaborX: Crypto Jobs & Web3 Hiring (@LaborXNews) October 13, 2023

Per the announcement, gigs created by members of the ShibArmy will populate the section, and payments will be made entirely in SHIB.

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LaborX is changing the frontier of the gig economy as it pertains to Web3. Per its model, the platform connects startups and businesses with talents in the crypto ecosystem.

As a complete show of support for the Shiba Inu ecosystem, LaborX said it would be burning the SHIB and Bone ShibaSwap (BONE) tokens it receives as fees from completed tasks by freelancers within its network. 

LaborX shared its onboarding process, noting that members of the ShibArmy can easily register on the platform, create gigs, and earn in SHIB. To further bolster this new integration, the platform has teased its plans to explore partnerships that can return value to all the stakeholders within its ecosystem.

Growing Shiba Inu Embrace

Currently, Shiba Inu is on a promising growth path, with several projects now integrating it. As reported earlier, Shiba Inu holders can now purchase tickets to Taylor Swift’s ‘Eras Tour’ movie using SHIB. A partnership between Bitpay and AMC Theatres made this move possible.

The support for SHIB is encompassing, as Shibarium, the project’s layer-2 scaling solution, has also bagged support from NOWNodes. The NOWNodes support features an integration with 0xShibarium, an AI startup leveraging the Shibarium platform.

The growing number of new partnerships with Shiba Inu can help bolster the SHIB token price. The token is currently up 3.13% to $0.000007039 with a market cap of $4.145 billion. Should the bullish events surrounding SHIB translate to growth, it might validate the $0.0000116 October prediction, according to Google Bard.