The Shiba Inu team has shared an important update with its community from Shytoshi Kusama, the lead developer of the coin. According to SHIB team member and marketer Lucie on X, SHIB is currently in the building stage of presumingly their blockchain. Lucie cited Kusama’s frequent message to the SHIB team and to the community: “The moat has been built to protect the castle, now we build.”
“Think of our blockchain as a railway track,” Lucie quotes in the post. “We’re setting up stations for users and developers. We’re updating our tech, connecting with major players, and ensuring the overall health of our ecosystem.”
So far, the Shiba Inu team has “entered step 1, stage 1,” and “there’s so much more to come.” Furthermore, the SHIB team member explained that the team is working on partnerships for the near future in developing the SHIB blockchain. However, those partnerships have yet to be revealed.
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“It’s a big project, and it’ll take time. But once all the stations are ready, it’s going to be a whole new story,” Lucie concluded in the post.
The Shiba Inu coin is currently in a bearish phase, trading at just over $0.00001900 at press time. The asset is down nearly 7% in 24 hours and over 15% in the past week. Despite the boom for meme coins in 2024, SHIB has since cooled down dramatically entering the summer. The SHIB team hopes that this latest announcement will generate some price hype, as trading volume and support remain high.