Shiba Inu Lead Shares Crucial Update on SHIB’s Long-Term Plans

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Hidetoshi Kusama, lead developer of Shiba Inu (SHIB), said: share An important update on the future of the memecoin ecosystem. Kusama shared his vision for the protocol in a lengthy post on X.

Shiba Inu’s partnerships and efforts at decentralization

According to Kusama, Shiba Inu founder Ryoshi’s core vision is to build a highly functional decentralized ecosystem, and to complement this plan, Kusama revealed that the company is strengthening partnerships with industry leaders.

The Shiba Inu team is also working with Web2 companies looking to join the Web3 ecosystem, and while he didn’t name any specific companies, Kusama said Shiba Inu’s awareness campaign will also expand to celebrities.

Kusama reminded the community of the fundamental uses of core ecosystem tokens like SHIB, LEASH, and BONE, while also hinting at the core use case for TREAT. Though it hasn’t been released yet, Kusama noted that TREAT will give Shiba Inu members access to all of the ecosystem’s advanced features.

As part of the long-term plan, Shitoshi Kusama said he will eventually step back from the project’s shadow. From that point on, the ecosystem will run on autopilot. For the lead developer, much of his vision will be shared at several events scheduled to take place later this year, including SHIBACON 2024 in Thailand.

SHIB recovery awaits

After several weeks of weak price declines, the latest update from Hidetoshi Kusama and broader market trends appear to have sparked a recovery in Shiba Inu prices.

At the time of writing, the meme coin is trading at $0.00001651, up 2.27% over the past 24 hours. According to data from CoinMarketCap, Shiba Inu’s trading volume increased 6% to $455,379,530, confirming the return of positive sentiment.

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Godfrey Benjamin

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