Shiba Inu team member and SHIB influencer Lucie has issued a warning to the SHIB community ahead of the upcoming launch of SHEboshis NFTs. SHEboshis NFTs will be traded on Uniswap and ShibaSwap and plans to bridge to Shibarium in the future. The SHIB team aims to launch the next phase of Shib NFTs by offering the first claimable set for free to SHIboshi holders.

However, SHEboshis based on the ERC-404 token standard has not been released yet. Lucie, via her

Lucie's warning comes as scams attempt to capitalize on the ERC-404 trend of malicious NFT projects are on the rise. Users should be aware that this token standard is an unofficial, experimental token standard currently in the Ethereum Improvement Proposal (EIP) process for official recognition by the Ethereum Foundation.

The ERC-404 standard has gained popularity in the crypto community. It aims to enable fractional NFTs by combining ERC-721 for NFTs and ERC-20 token standards for fungible tokens.

Scammers are now deceiving users into believing their NFTs use such a standard. One user appears to have spent $113,000 in gas fees to purchase a token called $NO (No Handle), marketed as an ERC-404 token.

In 35 minutes, $NO rose from $6.80 to $70,000 and then dropped to $0. On-chain analytics platform Lookonchain said the user was "lost".

Currently, Shibarium's burn rate has increased by 14%. Likewise, daily SHIB transactions on L2 in February increased by almost 300%, from 500,000 to almost 2 million by February 12.