Shiba Inu is not just a meme-coin and the lead developer of the dog-themed crypto wants everyone to know that. Shytoshi Kusuma once again jumped to the defense of Shiba Inu when people called it out for not securing any significant partnership with top tech companies.
Twitter user @GossipShib stated,
“FunFact: 98% FUDDERS don’t even own $SHIB
They just want stage to spread knowledge about their other tokens.
Simple sign of Fudder : His BIO
All of them own same tokens and use #SHIBARMY but hate all #SHIB team is doing.”
While this did not sit well with most people in the SHIB Army, developers Shytoshi Kusama informed that the majority of its projects are still under development, which is why they could not enter a partnership with giants like Microsoft or even Warner Bros.
Kusama tweeted,
To put things in perspective, the developer had assured the community of closing 98% deal with a giant, however, it fell through. Now, it was not uncommon for deals to fall through since there were a lot more details involved. However, any cryptocurrency will have to put together a viable ecosystem for giant projects to invest in it.
Shiba Inu was trying to build this ecosystem. Over the past year, it has been working to transform SHIB from a meme currency to a project with immense utility. It already has created a loyal army of followers and now the next step was to build a whole universe around the token to ensure utility. Once it has achieved this feat, it will open the gateway for partnerships with major conglomerates.
To highlight its recent activities, Shiba Inu launched its non-fungible token [NFT] called Shiboshi. It also launched its metaverse Shiberse and announced the sale of 99,000 pieces of land in this metaverse. Currently, the team was working on blockchain and a play-to-earn [P2E] game to attract the growing interest of gamers.
Meanwhile, the SHIB token, like the remaining crypto market was hit volatility due to the ongoing Russia-Ukraine war. This resulted in the token losing nearly 24% of its value over the past day. Shiba Inu was currently exchanging hands at $0.00002165.