Shiba Inu Lead Dev Unveils Major Moves for Canada Conference

A new token, Shibarium mainnet launch date & more have been announced in the short & sweet Chinese blog post.

Woman with Shiba Inu arriving into Toronto, Canada.
Created by Kornelija Poderskytė from DailyCoin
  • “Mo Sui Sibainu” is the latest blog penned in Chinese by Shytoshi Kusama.
  • SHIB Token is set to launch a new coin as the title sponsor of ETH Toronto.
  • Shy Kusama emphasizes the importance of DoggyDAOs for decentralization.

The rumors that Shiba Inu might be featured in this year’s edition of ETH Toronto turned out to be true, but that’s only a piece of the whole picture. In the latest blog post, which translates to “All Hail The Shiba,” Shytoshi Kusama reinstated that Ryoshi, the creator of the Shiba Inu Ecosystem, envisioned a “leaderless, 100% decentralized, autonomous and permanent community.”

Sponsored

Kusama previewed an analysis of Ryoshi’s vision in the upcoming Worldpaper, which explains the meaning behind the Shiba Inu Ecosystem and how it can save the world, according to Kusama. Finally, Shy dropped some big news regarding the ETH Toronto Conference, which is a part of the Blockchain Futurist Conference.

  • Shiba Inu Ecosystem is the title sponsor of ETH Toronto and ETH Women.
  • $TREAT, the 4th cryptocurrency by SHIB Token, will launch during the event.
  • Shibarium mainnet is likely to drop on August 15-16th during Kusama’s AI speech.

The community leader seems to be enjoying “the summer of Shibarium,” as his bio location on Twitter points out. The preparation for the ETH Toronto Conference in August comes with partners Unification and Bad Idea.AI and serves as a prologue to the Shibacon, described in Shiba Inu’s Woofpaper.

Steady Growth for SHIB Amid Shibarium Hype

Meanwhile, crypto behavior analysis platform Santiment indicates a rise in network growth. Just recently, the canine token surged in new wallet addresses. The 357% spike from May 21st to June 27th marked a strong Q2 finish for Shiba Inu.

Moreover, Santiment reports that an average of 2,500 wallets were created per day in the last few weeks. The trend peaked on June 27th with over 4,000 wallets created, as the rumors surrounding Shibarium mainnet launch in Toronto surfaced across various social media platforms.

On the Flipside

The positive developments didn’t impact Shiba Inu’s price. At press time, $SHIB trades at $0.00000729, slipping further by 0.3% after a weekly 6.7% deficit. On top of that, $SHIB is down 32% in yearly terms.

Why This Matters

One of the leading memecoins will be the title sponsor of ETH Toronto and ETH Women – major crypto conferences in North America.

Sponsored

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Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.