Meme tokens were seen as just a joke in the early crypto days, but now we’ve seen them influence the crypto space in significant ways. Meme coins are crypto tokens based on a popular online joke, meme, or concept. They are not focused on solving problems like other cryptocurrency classes. Investors were often discouraged by their volatility and lack of real-world applications. Shiba Inu (SHIB), just like Dogecoin (DOGE), is based on the Shiba dog. Shiba Inu (SHIB) is an ERC-20 token that can run smart contracts. This has allowed the token to offer lots of utilities like; dominating the Metaverse, having an NFT marketplace, and lots more.