August has been a very busy month for the Floki Inu ecosystem with several partnerships on tow. Ever since the team started to expand beyond the popular cryptocurrency’s “meme coin” image, collaborations have started flowing in especially in August of 2022.
The number of companies working with the Shiba Inu-inspired token can also be attributed to the alpha launch of metaverse game Valhalla in early May, which showcased the team’s ability and seriousness in developing.
What is Valhalla?
Valhalla is the NFT play-to-earn game that Floki Inu developed for its community. The $FLOKI token runs the in-game economy. The game is still undergoing updates and improvements.
The alpha version of Valhalla Battle Arena was released in May 2022 and patches and updates have been implemented ever since. According to FLOKI’s 2022 roadmap, the team is aiming to release more NFTs in the third quarter of 2022. In the fourth quarter, the team is slated to release its own marketplace called FlokiPlaces. Finally, they will release a fuller version of the Valhalla game on the Optimistic testnet.
The testnet version will include key features such as game economics, quests, clans, open world traversal, player and creature NFTs and eSports.
On August 15, Chainlink became a partner to secure the token locking process for FlokiFi Locker, a new mechanism that allows users to enhance the security of digital assets including NFTs, as well as ERC-20, BEP-20, and Liquidity Pool tokens.
Floki partnered with ApeSwap on august 17 to avail of their sustainable liquidity mining (SLM) program that allows users to purchase $FLOKI at discounted prices.
Retail giant RadioShack, a 100-year old brand that is recognized in over 190 countries, is currently integrating cryptocurrencies into their system. On August 5, Floki announced its partnership with RadioShack, which will allow the company to use the FlokiFi Locker Protocol.
On August 10, Decentralized Exchange CherrySwap partnered with Floki, recommending specific projects to use FlokiFi Locker protocol for locking their LP tokens.
Cryptocurrency exchange StealthEX announced a 13’000’000 $FLOKI give away promo on August 18, to celebrate the partnership.
“A lot exciting things happening at @RealFlokiInu with #FlokiFi Locker mainnet soon!” StealthEX tweeted.
Crypto exchange aggregator SwapZone is now using FlokiFi Locker to ensure the Liquidity Provider (LP) security of tokens. Currently, the platform allows people to trade over 700 crypto assets.
BinStarter, an Insurance Protocol IDO platform that allows projects to safely raise liquidity, announced a partnership that will allow them to start using the FlokiFi Locker Protocol.
Zelwin Finance, a launchpad for Initial DEX Offering (IDO) and Initial Non-Fungible Token Offering (INO), partnered with Floki on August 12. FlokFi Locker is now the main protocol for locking Liquidity Pool (LP) tokens for projects launched on Zelwin Finance.
On August 17, Crypto portfolio manager Coinstats became one of the latest companies to integrate Floki’s FlokFi Locker.
“CoinStats will integrate FlokiFi Locker on their popular crypto tracker app with over 1 million monthly active users and help boost adoption of the protocol!” Floki Inu tweeted.
What is Floki Inu?
Inspired by Elon Musk and his plan to name his shiba inu puppy “Floki,” the cryptocurrency Floki Inu ($FLOKI) started out as a “meme coin.” Eventually, $FLOKI became the third most popular of the dog-themed coins, behind Dogecoin and Shiba Inu.
In 2022, the team behind token decided to expand into a full-fledged ecosystem by introducing games, DeFi apps, as well as its own marketplace.
As of this writing, $FLOKI is trading at $0.00001266, with a $118,234,574 market cap, and a 24-hour volume of $3,498,306 (per CoinMarketCap).