Categories: Payment system news

Shibarium Nearly Complete, Shiba Inu With a New Major Announcement

Shiba Inu has shared yet another announcement with its community.

The ecosystem’s marketing strategist took it to Twitter (now known as X) to reveal that the SHIB Doggy DAO has partnered with a leading digital asset advisory and investment firm.

Source: X

SHIB Doggy DAO Shakes Hands with ATH

The new partnership is struck between Alpha Transform Holdings (ATH) and SHIB Doggy DAO. The latter is the decentralized autonomous organization that’s governed by holders of the SHIB token and funds the projects that are now built on Shibarium.

Meanwhile, ATH is a digital asset advisory and investment firm that’s comprised of a team of veteran leaders from heavyweights like Nasdaq, News Crop, and Disney and has advised projects like Tether and even Ethereum, per the report.

Commenting on the matter was Chief Investment Officer and CEO at Alpha Transform Holdings, Enzo Villani, who said:

“SHIB continues the incredible trajectory. Shibarium has already seen great momentum. With over 21 million wallets and over 250,000 smart contracts written to their Layer 2 blockchain testnet, there are many brands in entertainment, media, and finance that will be interested in engaging with this vibrant community.”

Shibarium Nearly Complete

In a comment on the partnership, the lead developer behind the Shiba Inu ecosystem – Shytoshi Kusama – said that Shibarium is “nearly complete.”

“Now that Shibarium is nearly complete, and our full structure placed at the feet of the world, we couldn’t ask for a better partner to help shepherd this next phase of the Shiba global phenomenon. […] We look forward to Alpha Transform helping our Foundation swiftly and effectively chart the best course possible for the future of the Shiba Inu ecosystem.”

The SHIB price hasn’t yet reacted to the news, trading 2% down in the past 24 hours but 11% up for the day, following an impressive weekly rally.

The post Shibarium Nearly Complete, Shiba Inu With a New Major Announcement appeared first on CryptoPotato.

superadmin

Recent Posts

Market Analyst Predicts Ripple’s XRP Next Move Could Send Price Soaring to $15

XRP traded largely flat on Monday following a volatile week marked by a broader cryptocurrency…

6 hours ago

Strategy Says Its Bitcoin Stash Could Keep Dividends Flowing For 31 Years

Strategy is back in the spotlight after revealing its Bitcoin treasury could support shareholder dividends…

6 hours ago

The fall of BitMEX and BitMart: Could Exchange Collapses Bring Crypto Market Rebound? CZ Reacts

Recent business collapses of exchanges have brought speculation about whether such crashes could trigger the…

6 hours ago

Is Ethereum Readying for Bullish Takeoff? Mysterious Whale Spends $50.04M DAI to Buy 25,425 ETH

Whale clients are showing renewed appetite for Ether, a development that could benefit crypto customers…

6 hours ago

EMCD Commits Up to $30M to Miners Facing the Industry’s Toughest Profitability Squeeze

EMCD, a global crypto-fintech platform and one of the world’s largest Bitcoin mining pools, has…

15 hours ago

Trump Token Team Moves $16M TRUMP Coin to Fireblock Custody; Will TRUMP Breakout from Downtrend?

TRUMP Coin is attracting crypto traders’ attention following the Trump token team's move to transfer…

1 day ago