- Elon Musk’s tweet on Shiba Inu rebranding attracts SHIB Army’s attention.
- Crypto influencer proposes Musk use Shiba Inu (SHIB) for ad revenues.
- Yesterday Twitter, now X, debuted its logo at its San Francisco headquarters.
In a comical debate over Twitter’s recent transition to X, Elon Musk was assured by one of his followers that the platform could “rebrand to a donkey and I’d still scroll for 6 hours a day,” to which the wealthy innovator replied, “We rebranded to a Shiba Inu dog for a while. No impact.”
As one would reasonably expect, Dogecoin spiked to reach a yearly high of $0.10, a price range unseen before November 2022, while Shiba Inu also fetched substantial gains. Now, the members of the two largest dog-themed memecoin communities might seek a mutual solution.
Can Shiba Inu Shade X from Regulatory Issues?
In the same X thread, popular crypto influencer Lola shared her insights on how Shiba Inu could facilitate the new generation of Twitter. Firstly, she suggested that the ERC-20 token on Ethereum could be used instead of fiat to pay out ad revenue. “Imagine the desire of these big mouth digital creators cheering for $SHIB because they also have it.”
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Indeed, Shiba Inu provides a decentralized solution to the new payment system, which aligns with the current regulations. According to the Howey Test, enterprises cannot have their own tokens. $SHIB, as a DeFi solution, is already available on over 200 DeFi exchanges, as well as the major centralized crypto platforms.
Lastly, Lola declares: “SHIB is accessible anywhere in the world. No government, no clowns”. Other members of the SHIB Army added to the suggestion, with some even implying that “Perhaps the SHIB ecosystem is being built with a specific client in mind.”
On the Flipside
- While the new financial ecosystem in the X app will require a token, it’s unknown if Elon Musk will choose a decentralized solution.
Why This Matters
Twitter is transitioning into a global financial empire and a social hub, which could provide plenty of use cases for blockchain technology.
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