Shytoshi Kusama, lead developer of Shiba Inu, announced a critical partnership for the SHIB ecosystem in the cryptocurrency market. According to the announcement made on Tuesday, Shiba Inu is collaborating with “Mass Build” as the new financial layer of its ecosystem.
Details of the New Partnership
In the announcement made on Shiba Inu’s official X account, it was stated that the partnership with Mass Build will provide artificial intelligence-supported financial and legal solutions for Shiba State. This collaboration is supported by a well-known online payment giant like Stripe.
“Together, we are taking Shiba to the next level,” the announcement said. Users questioned whether this partnership was connected to the project mentioned at the ETHToronto event held at the beginning of the year. In her statement, Kusama confirmed that this collaboration was the important partnership announced at the event.
Increase in SHIB and LEASH Prices
With the influence of the positive market atmosphere, there was an increase in the prices of Shiba Inu (SHIB) and Doge Killer (LEASH) today. SHIB increased by 3% to $0.00001836. Similarly, LEASH gained over 3% to $289.84.
On the other hand, there was a noticeable increase in the burning rate of SHIB. According to the report published by CoinGape Media, hundreds of millions of SHIB coins have been withdrawn from the market. This development created a positive atmosphere among investors.
Coinglass data also points to activity in the Shiba Inu futures market. Open interest increased 18% today to $56.52 million. The increase in derivative volume reached 46% and reached 175.04 million dollars. These indicators show that investors’ interest in SHIB is increasing.
Warnings and Future Plans from Developers
Shytoshi Kusama warned the community against the recent “fake billion-dollar SHIB wallet” claims. Underlining the need to be careful against such rumors, Kusama stated that the community continues to work determinedly to remain safe and transparent.
Kaaldhairya, another important name of the SHIB ecosystem, also touched upon the Mass Build partnership and stated that a final financial layer will be created for the SHIB network. Developers emphasized that they believe in the long-term growth of the ecosystem thanks to artificial intelligence-supported solutions and strong collaborations.
The Mass Build partnership aims to add significant strength to the Shiba Inu ecosystem in terms of financial infrastructure. With the support of artificial intelligence and major payment platforms such as Stripe, a promising picture is painted for the future of SHIB.
These developments have the potential to increase the value of ecosystem tokens such as SHIB and LEASH. Investors expect this collaboration to have a lasting impact on the cryptocurrency market, along with the increase in the burn rate and the activity in futures transactions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
