Shiba Inu is at the moment one of many prime meme cash, with a market cap of $9.2 billion, trailing the opposite “top dog-themed coin,” Dogecoin. When meme cash pump, SHIB is without doubt one of the in style tokens that surge and dominate market exercise.
For Shytoshi Kusama, Shiba Inu lead developer, their token should not be categorized underneath “meme coin” however as a “technology powerhouse.”
In a Twitter/X put up shared final Tuesday, Kusama argued that Shiba Inu has remodeled right into a utility-driven crypto challenge and may now not be listed underneath the meme coin class.
When they are saying Shib is a meme, now you could have proof we are literally a expertise 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 group that Shiba Inu now boasts an array of use instances and now not belongs to the meme coin class.
For the developer, their token is now a expertise powerhouse. Kusama’s pronouncements got here when the challenge accomplished its collaboration with the United Arab Emirates. UAE’s Ministry of Energy and Infrastructure has agreed with SHIB to advertise Web 3.0 options in power, infrastructure, and different sectors.
According to an organization launch, the partnership faucets into the crypto challenge’s in depth funding in Web 3.0. It goals to enhance public service effectivity, governance fashions, and the promotion of inexperienced infrastructure.
The public disclosure additionally centered on the memecoin’s Operational System, which goals to streamline the Ministry of Energy and Infrastructure’s developments and tasks.
Shiba Inu Gets Nod From UAE Official Over Collaboration
Shiba Inu’s group obtained praises from the undersecretary of the Energy and Petroleum Affairs, Sharif Al Olama. According to Al Olama, this latest collaboration with Shiba Inu will increase his nation’s funding in progressive digital companies. He additionally defined that the partnership is an essential milestone within the nation’s efforts to reshape nationwide companies.
In a press release, the UAE authorities stated it needs to guide the race in innovation. By partnering with Shiba Inu, it is going to be in a position to form an important future anchored on sustainability, digital excellence, and connectivity.
Shiba Inu Now Boasts An Expanding Ecosystem
Shiba Inu has persistently expanded its use instances and ecosystem and now competes with different tasks. The challenge boasts a multi-functional blockchain with AI-focused options, permitting customers to simply transfer from Web 2.0 to three.0.
Also, the challenge’s ecosystem now helps an L2 blockchain, loads of NFT tasks, Web 3.0 gaming, and a bunch of DeFi protocols, all backed by proprietary expertise. According to Kusama, its partnership with UAE underscores the challenge’s dedication to supporting progressive tech options.
Featured picture from Fortune, chart from TradingView
