Shiba Inu is at present one of many prime meme cash, with a market cap of $9.2 billion, trailing the opposite “prime dog-themed coin,” Dogecoin. When meme cash pump, SHIB is likely one of the standard tokens that surge and dominate market exercise.
For Shytoshi Kusama, Shiba Inu lead developer, their token should not be categorized beneath “meme coin” however as a “know-how powerhouse.”
In a Twitter/X submit shared final Tuesday, Kusama argued that Shiba Inu has remodeled right into a utility-driven crypto mission and may not be listed beneath the meme coin class.
Once they say Shib is a meme, now you might have proof we are literally a know-how powerhouse #SHIBARMY https://t.co/0uM0iHeZBy
— Shytoshi Kusama™ (@ShytoshiKusama) February 4, 2025
Shiba Inu: A Tech Powerhouse With Utility?
Kusama boldly claimed in a latest tweet to the crypto neighborhood that Shiba Inu now boasts an array of use instances and not belongs to the meme coin class.
For the developer, their token is now a know-how powerhouse. Kusama’s pronouncements got here when the mission accomplished its collaboration with the United Arab Emirates. UAE’s Ministry of Power and Infrastructure has agreed with SHIB to advertise Internet 3.0 options in vitality, infrastructure, and different sectors.
In line with an organization launch, the partnership faucets into the crypto mission’s intensive funding in Internet 3.0. It goals to enhance public service effectivity, governance fashions, and the promotion of inexperienced infrastructure.
The general public disclosure additionally targeted on the memecoin’s Operational System, which goals to streamline the Ministry of Power and Infrastructure’s developments and tasks.
Shiba Inu Will get Nod From UAE Official Over Collaboration
Shiba Inu’s workforce acquired praises from the undersecretary of the Power and Petroleum Affairs, Sharif Al Olama. In line with Al Olama, this latest collaboration with Shiba Inu will increase his nation’s funding in modern digital companies. He additionally defined that the partnership is an essential milestone within the nation’s efforts to reshape nationwide companies.
In an announcement, the UAE authorities mentioned it needs to guide the race in innovation. By partnering with Shiba Inu, will probably be capable of form a fantastic future anchored on sustainability, digital excellence, and connectivity.
Shiba Inu Now Boasts An Increasing Ecosystem
Shiba Inu has persistently expanded its use instances and ecosystem and now competes with different tasks. The mission boasts a multi-functional blockchain with AI-focused options, permitting customers to simply transfer from Internet 2.0 to three.0.
Additionally, the mission’s ecosystem now helps an L2 blockchain, loads of NFT tasks, Internet 3.0 gaming, and a bunch of DeFi protocols, all backed by proprietary know-how. In line with Kusama, its partnership with UAE underscores the mission’s dedication to supporting modern tech options.
Featured picture from Fortune, chart from TradingView