SHIB The Metaverse: SXSW 2023’s Popular Spot!

• SHIB booth at SXSW 2023 is a popular spot in the exhibition hall.
• John Richmond has provided avatars with digital makeovers.
• The metaverse industry will likely become mainstream over the next 6-10 years.

SHIB Booth Popular at SXSW 2023

The SHIB booth was a hit at this year’s SXSW conference in Austin, Texas. Shibarium, the layer-2 protocol for the Shiba Inu (SHIB) ecosystem release of beta version last weekend also attracted attention from attendees. Badge holders were able to experience the creation and history of SHIB for all 3 days of the event. This year’s SXSW XR & Metaverse category had a special fanbase for conferences, exhibits, and screenings, though many consider the metaverse not yet ready for mainstream consumption.

John Richmond Brings Fashion to Metaverse

Fashion designer John Richmond has taken his work into the digital world by providing makeovers to avatars through digital wearables he designed himself. His presence at SXSW was featured in WWD’s tweet on March 14th where they announced that „Shib the metaverse will be on full display“ at their booth during the conference.

Metaverse Expected to Become Mainstream Soon

Experts agree that it won’t take long for metaverse technology to become mainstream—estimated time frame being 6-10 years from now. At SXSW 2023, attendees got an inside look into how this revolutionary innovation works and its potential applications outside of gaming and entertainment industries such as fashion design, collaboration opportunities, etc.

SXSW Showcases Innovations Across Industries

SXSW is an annual event that brings different innovations from various fields together under one roof and encourages collaborations between them to share their unique ideas and visions with each other as well as with industry professionals and consumers alike who come out to explore these offerings firsthand.


Though still considered somewhat niche by many, there is no denying that metaverse technology is on its way up and should soon become part of our everyday lives in some capacity or another within just a few short years—and SHIB certainly played its part during this year’s SXSW conference in ushering in that future!

Thailand Grants Tax Breaks for Businesses Issuing Digital Tokens

• Thai Cabinet announces tax benefits for businesses that issue digital tokens.
• Exemption covers both main and secondary markets for ICOs issued by corporations or registered organizations.
• Bank of Thailand places limits on use of digital assets to protect financial stability and economy.

Thailand Excludes Firms Issuing Digital Tokens From Taxation

The Thai government recently announced that they will be exempting businesses that issue digital tokens for investment from paying corporate income tax and value-added taxes. This move is seen as a positive step towards the crypto sector, with Finance Minister Arkhom Termpittayapaisith stating that the exemption covers both primary and secondary markets for ICOs issued by corporations or registered organizations.

Boosting Crypto Expansion

Analysts predict that investment token sales will raise about $3.71 billion over the next two years, resulting in a loss of about $1 billion in tax income for the government. The Thai government has eased up on crypto trading laws last year, leading to increased cryptocurrency use within the country.

Limits On Use Of Digital Assets

The Bank of Thailand and other authorities have placed limits on the use of digital assets for payments or other services in order to protect their financial stability and economy. These authorities are also experimenting with Central Bank Digital Currency (CBDC) as a possible cornerstone of tomorrow’s banking system.

Tax Benefits For Investment Tokens

Deputy Government Spokesperson Rachada Dhnadirek said that enterprises will use investment tokens and other means such as debentures to obtain funds, with investors getting Value-Added Tax (VAT) exemptions when purchasing these tokens.


The Thai government’s decision to provide tax benefits to firms issuing digital tokens is seen as a step towards promoting cryptocurrency growth within their nation, while balancing it with necessary regulations set forth by their central bank to maintain economic stability.