Got Shib Burgers?

The Shib Takes a Bite of Italy

A review of the Welly x Shiba Inu partnership, a guide on how to survive the risks of the crypto world, and an insight into Sam Altman and OpenAI's recent buzz.

GM Shib Army,

The Shib is back this week for its 3rd edition. And we brought more news that you can fill your library with.

Last week, you guys went crazy and minted the 3000 Manny Pacquiao NFTs faster than the Terra $Luna collapse. For those who missed out, don't forget to subscribe to be the first ones to get updates on the next edition. This week, 5000 NFTs will be available.

We have already received many awesome submissions and want to continue to hear from you. We want you to be an integral part of this magazine.

If you have any stories, initiatives, and/or projects that you deem newsworthy for the whole community or if you have pieces of advice for us to make this magazine a worldwide reference, take advantage of this opportunity.

Send us an email explaining everything at submissions@shib.io.

SHIB Partners with Welly: Shiba Inu Takes a Bite out of the Italian Fast-Food Scene

SHIBA INU has partnered with fast-food franchise Welly, transforming their eatery into a Shiba Inu wonderland, complete with fluffy Shiba decor and (soon) the ability to pay with SHIB.

Welly was officially founded in June 2021, with a store in Naples. In February 2022, they associated with the SHIB project. Since then they renovated their store and logo as well as hired a top chef, Flynn McGarry, who arrived with a new tasty menu.

Welly, a beloved fixture in the fast-food scene, is making waves as the first Web3 business built on Shibarium. The transformation comes on the heels of a meeting of minds in 2021 when Welly's founders, @‌gminerg, @stefanogugl, and @‌vincenzomaiett, united their skills in marketing and the restaurant industry.

Their crypto journey began when they met @‌pb5_five, a Web3 visionary, and the rest, as they say, is history. Since then, Welly has been on a rocket-like trajectory to success. The @‌katametron1 devs team, headed by @‌it_cico with Dario and Matteo, took care of the development.

Pawsitively Delicious: The First Shiba Inu-Themed Store in Naples, Italy

The Welly team is already cooking up exciting plans for the future. They just re-opened their store in Napoli with the new rebranding in October.

In early 2024, another store will be opened in Reggio Emilia, Italy. The next steps will be more openings in Italy, as well as initial tests in Europe and global tests with an opening in Texas (one of Welly's NFT holders will be the owner). With over 400 franchise requests flooding in, Welly is sifting through offers carefully. The fast-food franchise tells us they want to be acknowledged as the pioneers behind this technology.

Not only that, but Welly is all set to introduce an exciting new brand called “Welly Fresh,” which is dedicated to providing smart and speedy catering options.

Initially, they will begin with five vending machines and have plans to expand further into large-scale retail. The amazing thing about this auxiliary is that it embraces blockchain technology, which will guarantee advanced, secure, and transparent management of operations.

A (P)aw-some Partnership with Shib

But the real star of the show here is the partnership with SHIB. This collaboration was born from a shared vision of Web3's potential, and it's already been a game changer. Welly has undergone a total makeover, with the SHIB logo now front and center in its visual identity. Moreover, the restaurant’s blockchain technology will soon undergo real-life testing, allowing it to analyze and track supply chain data.

The transformation has not only attracted a fresh audience but also aligned the restaurant with the booming world of cryptocurrencies. For those wondering about the tech behind the magic, Shibarium is the chosen blockchain for Welly, offering blazing speed and cost-effective fees that make it a top pick for the restaurant's plans to integrate supply chain initiatives into the project.

A Woof-Tastic Future

Welly's Italian fast-food joint in Naples will be a Shiba Inu paradise. With franchise expansions, character revamps, and real-life blockchain testing in the pipeline, Welly is making a name for itself in the Web3 world. And their commitment to Shibarium is contributing to the growth of this innovative blockchain. So, why not treat yourself to some woof-tasty food next time you're in Naples? 🐕🍔💰

Welly's restaurant location: P.za Sannazaro, 4, 80122 Napoli NA, Italy
https://maps.app.goo.gl/u9Tqch6JZA4yjWSe9

Crypto Survival Guide: Top 5 Strategies to Safeguard Against Scams

A crypto 101 guide for you so that you don't end up victims of rugpulls, hacks, and scams on the blockchain.

Welcome to the exciting yet precarious world of cryptocurrency, where fortunes can be made or lost in an instant. As digital assets captivate the interest of investors worldwide, they also catch the eye of deceitful scammers who prey on the unwary. Worry not as we unveil the quintessential guide to safeguarding your crypto assets, helping you navigate the treacherous waters of the digital frontier.

1. DO YOUR HOMEWORK.

Before diving into any cryptocurrency, DYOR (aka do your own research). Understand the project, its purpose, the team behind it, and what the community is saying. Knowledge is your best defense against scams.

Here's a resource guide from our friend @mark_murdock3:

2. STICK TO OFFICIAL SOURCES.

Always verify the URLs of “official” websites and social media channels. Be cautious of random messages or emails offering investment advice. Scammers often pose as trustworthy sources to trick investors. Never send your private information (seed phrase. private key, password…) to support services or influencers.

3. KEEP YOUR ASSETS SAFE.

Use a cold wallet to store your assets and NFTs and a hot wallet that will be used to interact with various dApps and websites. Never mix those so you can protect your assets from all kinds of attacks.

4. DON’T FALL FOR HYPE.

If an investment opportunity sounds too amazing and too easy, it’s likely a trap. Avoid investments that promise guaranteed profits overnight. Scammers often create a sense of urgency to rush you into a decision.

5. TRUST YOUR GUT.

If something feels off, it probably is. Listen to your instincts and take your time with decisions. Talk to experienced investors or financial advisors if you're unsure. Being cautious and patient can save you from falling into a scam.

As you strap on your virtual helmet and set sail into the thrilling cryptocurrency universe, keep in mind that your trusty companions on this adventure are none other than diligence and caution.

Stay one step ahead of scammers by following Shibarmy Scam Alerts on X for real-time updates on crypto scams so you can make vigilant and informed decisions.

Sam Altman's Vision: Between Tech and Internal Politics

A quick dive and update on one of the most famous AI inventors.

Quick Google Meet Calls Are Never a Good Thing!

The tech world was rocked by the sudden dismissal of Sam Altman, the co-founder and CEO of OpenAI, on November 17th. The board of OpenAI, in a rather cryptic announcement, stated that Altman’s termination was immediate and was the result of a review that found inconsistencies in his communication with the board, which they felt hindered their ability to fulfill their responsibilities.

Ilya Sutskever, Chief Scientist of OpenAI, reportedly broke the news to Altman via Google Meet, and the internet can’t get enough of the laughs over this irony.

The shockwaves of this decision reverberated through the organization, leading to the resignation of Greg Brockman, another co-founder of OpenAI. The entire board, except Brockman, was involved in the decision to let Altman go. Sutskever, who is believed to have played a key role in the ousting, addressed the employees, stating, “This was the board doing its duty to the mission of the nonprofit.”

After a roller-coaster weekend filled with speculations, theories, and other plot twists, including OpenAI investors pressuring the board to reinstate Altman as CEO, followed by OpenAI staff giving the entire board an ultimatum to resign or they would quit.

The latest news brings us a public confirmation by Microsoft CEO Satya Nadella, stating that Altman and Brockman are joining a new AI research team at the giant tech corporation.

Sam had reportedly been pitching a separate startup to build custom, Nvidia-rivaling AI Tensor Processing Unit (TPU) chips. The TPU project was codenamed “Tigris,” attracting a number of prominent venture firms and even interest from Microsoft.

On the OpenAI side of things, Twitch co-founder Emmett Shear was appointed as the new interim CEO.

Teh TLDR on Sam Altman:

• His assertion that AGI could potentially possess the intelligence level of a "median human" has sparked both fascination and concern within the tech community and beyond.
• Altman's bold proclamations, including his vision of AGI seamlessly performing tasks traditionally reserved for human workers, have raised questions about the future of labor and the role of technology in society.

Altman's optimistic outlook on AGI's capabilities is not new. In a 2022 interview on the Lex Fridman Podcast, he elaborated on the potential of AGI, envisioning a future where this advanced AI could perform a wide array of complex tasks, from medical diagnoses to proficient coding. This portrayal of AGI as a versatile and competent co-worker underscores Altman's belief in the transformative power of technology and its capacity to revolutionize various industries.

However, the implications of Altman's assertions are not without their complexities. The use of the term "median" in Altman's description introduces a level of ambiguity, leaving room for interpretation and speculation.

The Problem:

Defining what constitutes a "median human" in terms of intelligence and capabilities is a complex and subjective task. As our world becomes increasingly diverse and multifaceted, quantifying the human experience in this manner may appear half-baked.

Think about it: What about creativity, empathy, and other unique traits that define our humanity but might not conform to a quantifiable standard of "median"?

Moreover, Altman's vision hints at the possibility of a future where certain professions and industries might become increasingly automated, leading to potential job displacement and the reconfiguration of the labor landscape.

While the integration of AGI could undoubtedly streamline operations and increase productivity, it also brings to the forefront critical socio-economic challenges, including the need for reskilling and upskilling the workforce to adapt to an evolving technological landscape.

What Is AGI?

AGI, also known as "strong AI" or "full AI," is like the Superman of artificial intelligence. It's designed to have cognitive abilities just like humans. Unlike other AI forms that are great at specific tasks, AGI is expected to be a total all-rounder. It can handle multiple cognitive functions, learn new things, and adapt seamlessly to different areas.

The endgame for AGI is to mimic human intelligence so well that it can grasp, learn, and ace any intellectual challenge a human can tackle.

Exciting stuff, right? Well, not really, because one big problem with AGI is that it could take away jobs from people.

As AGIs become integrated into various industries, there is a risk that workers may lose their jobs as these intelligent machines can perform tasks efficiently. Therefore, reskilling and upskilling have become increasingly crucial in today's technological world where machines are replacing human labor.

Although the developments in AGI bring excitement, it is important to approach its impact on employment with vigilance and prioritize the continuous development of skills to stay competitive in an increasingly automated world.

P.S. Sam Altman's vision for AGI has us all wondering: Will we be saying "Hello, Human Resources" or "Hello, HAL 9000" in the future?

Crypto 101 Quiz

Do you have what it takes to join the Crypto Genius Challenge?

This week’s theme – Crypto 101 – will test your crypto knowledge, from the most basic trivia to the more cloak-and-dagger facts!

Find out where you are in the hierarchy. Are you a novice, a genius, or somewhere in between?

Questions:

1. The Bitcoin blockchain is the foundation for the majority of decentralized finance.

a. True

b. False

2. Staking rewards are usually paid out in:

a. USDT

b. BTC

c. The cryptocurrency you are staking

d. All of the above

3. The main advantage of decentralized exchanges is:

a. Users own their private keys

b. Increased privacy due to the lack of know your customer (KYC) controls

c. Large range of low cap alt coins

d. All of the above

4. What is the difference between a cryptocurrency coin and token?

a. You can have an unlimited number of coins, but you can only have one token.

b. Coins are native to their own blockchain, and tokens are built upon another blockchain.

c. Coins can only be used to pay for goods and services, whereas tokens can only be used in video game arcades.

d. None of the above

5. What are the features of a stablecoin?

a. Non-volatile

b. Accessible globally

c. Pegged to fiat currencies or real-world assets

d. All of the above

6. What is the safest way to store cryptocurrency?

a. In a cold storage hardware wallet

b. On an exchange

c. On a web-based wallet like MetaMask

d. By sending it to someone to store it for you

7. What do you call a cryptocurrency that's always in a hurry?

a. Dash

b. Ripple

c. Slow Coin

d. Bitcoin Sprint

8. How can an investor mitigate risk in his/her crypto investing approach?

a. Build a well-balanced, diversified portfolio

b. Adopt a dollar cost average (DCA) investing strategy

c. Conduct research on a cryptocurrency before purchasing it

d. All of the above

9. What did ETH say to Bitcoin?

a. "You're my only real asset."

b. "Let's have a smart contract."

c. "I'm Satoshi's favorite."

d. "Don't try to replace me."

10. What are stablecoins?

a. Cryptocurrencies that power smart contract platforms

b. Digital assets that have private ledgers to maximize the anonymity of the user

c. Unique digital collectibles

d. Digital assets pegged to real-world assets like fiat currencies and commodities

11. To transfer crypto from one wallet to another, you’ll need:

a. A seed phrase

b. A public wallet address

c. An email address

d. A street address

12. What is Proof of Work?

a. A timesheet that you file with your employer once a fortnight

b. A system that uses computational power from computers around the world to secure a blockchain network and generate new coins

c. A system that developers use to log how many hours they have spent working on a blockchain so they can receive fair payment when it is released

d. A cryptocurrency that verifies how much work employees are doing per day

e. None of the above

Answers:

1. b
2. c
3. d
4. b
5. d
6. a
7. a
8. d
9. b
10. d
11. b
12. b

Find out what you are based on your test score!

Below 3

You’re a puppy entering the big bad crypto world. You should start learning more about blockchain if you want to be able to survive out there.

Between 3 and 5

You’re a young wolf, you have learned the basics but still need to learn a lot to be able to make your way to the top of the blockchain.

Between 5 and 8

You’re a good boy/girl. You know most of your stuff and are able to navigate the streets of Crypto City with ease.

8 and above
You’re an old crypto mutt. You know it all (or almost all) and have successfully proven it. Congrats on your crypto knowledge, but does that make you rich? 😉

Share your score with the community using the hashtag #ShibCryptoQuiz, and don’t forget to tag other community members to see who has the highest scores! WOOF! 🏆🚀

What's up, Shib Army?

Here's what we've got for you this week. Read on to explore some of the latest on the ecosystem and on Shib partners and frens. WOOF!

1. Wеlly's First Mеrch Drop Hits thе Strееts – Walk in Stylе, Wеlly-wood Stylе!

Wеlly, thе fast food joint is stеpping up its fashion gamе with thе launch of thе first Wеlly mеrchandisе. Movе ovеr high hееls, it's timе for "Thе Pеrfеct Chickеn Tее" and "Thе Chickеn Scan Tее." Grab your quirky couturе onlinе or strut down to thе nеarеst fashion storе. Gеt rеady to kick your wardrobе up a notch—Wеlly stylе!

2. Shibarium NFT Communities Take Over Times Square!

New York City witnessed a furry invasion on Friday as several Shibarium NFTs from the different NFT communities on the network were displayed on the giant screens of Times Square. The #SHIBARUM NFT family, which includes $SHIB Dream NFTs, ShibaPunkz, Shibacals, ColonelCoup, SleepyShibs, and Shiboshis—the Shib ecosystem’s main NFTs, were showcased to millions of people in the heart of the Big Apple.

3. BAD Idеas? THORChain Doеsn't Think So! $BAD Tokеn Now Swappablе on the Second Biggest DEX

BAD nеws for othеr tokеns as THORChain, thе sеcond-largеst dеcеntralizеd еxchangе aftеr Uniswap, opеns its gatеs for the native token of Shib's partnеr, Bad Idеa AI. Thе BAD tеam is rеminding еvеryonе that on THORChain, thеy'rе not just good; thеy'rе BAD—and rеady to swap up a storm.

4. Shiba Inu Bitеs Back: Pricе Surgеs 7% with Pacman’s Punch

Shiba Inu's pricе packs a punch with a 7% surgе, fuеlеd by a partnеrship with boxing lеgеnd and politician Manny “Pacman” Pacquiao. The Manny Pacquiao Foundation has joined forcеs with Shibarium, еnsuring that Shiba Inu doesn't just howl in the crypto world but also dеlivеrs a humanitarian knockout, optimizing fundraising and distribution.

5. Bakkt Is Back, Alright! Adds Support for Shiba Inu, Dogecoin, and Morе

Bakkt is back in thе crypto custody gamе, adding support for not just Bitcoin and Ethеr but also your favorite Shiba Inu, Bitcoin Cash, Dogеcoin, Ethеrеum Classic, Litеcoin, and USD Coin. It's likе a crypto family rеunion in Bakkt's vault, and thеy promisе morе coins crashing thе party in еarly 2024.

6. Atomic Boom: Shibarium Joins thе Atomic Wallеt Party – 5 Million Usеrs Invitеd!

Atomic Wallеt is turning up thе hеat by adding Shibarium, thе L2 chain, to thе guеst list for 5 million Atomic Wallеt usеrs. All nativе tokеns ($BONE, $SHIB, $LEASH) arе now VIPs in thе Atomic Wallеt univеrsе. It's not just a wallеt—it's a Shibarium-powеrеd, out-of-this-world party!