Shytoshi Kusama, the enigmatic lead of the Shiba Inu ecosystem, has hinted at a possible deal with an AI project.
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This teaser was shared during his recent interactions on the microblogging platform X. The hint followed a post by NFA Labs, a project known for its innovations in DeFi through its autonomous network of data and AI.
The recent interaction between Shytoshi Kusama and NFA Labs has generated buzz within the SHIB Army and the NFAI community. NFA Labs highlighted one of its products, which uses algorithms and real-time data analysis to deliver consistent profits. In response, Kusama inquired about the status of a potential collaboration with NFA Labs.
The exchange has sparked excitement among community members. Moe Linde praised NFA Labs for its exceptional partnership capabilities, noting the founder’s significant background as a former core member of the SHIB Army. Another community member expressed enthusiasm, highlighting the rarity of receiving support from a prominent figure like Shytoshi Kusama in such a casual manner.
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The community warns not to underestimate NFA Labs, emphasizing that it is far from an average project and has substantial potential, especially in light of the anticipated deal with SHIB.
NFA Labs and Shiba Inu: Key Developments and Impact on Shibarium
NFA Labs has a notable connection with Shiba Inu, particularly through the Shibarium ecosystem blockchain. Before Shibarium’s official launch last year, NFA Labs revealed plans to develop the Canis lending protocol on the Shiba Inu blockchain. This protocol aims to enhance Shibarium by allowing users to leverage their holdings for investment in Layer 2 (L2) projects.
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Canis provides NFAI token holders with yield that is independent of price fluctuations and helps reduce SHIB’s circulating supply to boost its price. Additionally, it competes with other lending protocols to generate revenue and ensure safe liquidity on Shibarium L2.
Earlier this year, reports stated that the total value locked (TVL) on Shibarium was $1 million. However, NFA Labs claimed that their staking and lending platform alone had accumulated $5 million in TVL within just 24 hours of its launch, not included in the reported figure. According to NFA Labs, the actual TVL of the Shibarium ecosystem is $6 million, showcasing their project’s substantial impact on accelerating Shibarium’s growth.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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