According to U.Today, Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), has provided an important update on the future of the meme coin ecosystem. Kusama outlined the protocol's future in a comprehensive post. The core vision of Shiba Inu founder Ryoshi, as per Kusama, is to establish a highly functional decentralized ecosystem. To support these plans, Kusama disclosed that partnerships are being formed with industry leaders.
The Shiba Inu team is also collaborating with Web2 companies that are investigating the transition to the Web3 ecosystem. Although he did not mention any specific names, Kusama stated that Shiba Inu's awareness campaign would also reach celebrities. Kusama reminded the community of the fundamental uses of its core ecosystem tokens, such as SHIB, LEASH, and BONE, and hinted at a primary use case for TREAT. Kusama noted that with TREAT, which is yet to be launched, Shiba Inu members can access all the advanced features of the ecosystem.
In terms of long-term plans, Kusama mentioned that he would eventually have to step back from the project's spotlight. From that point forward, the ecosystem will operate on autopilot. Many of the developer's visions will be shared at events scheduled for later this year, including SHIBACON 2024 in Thailand.
After weeks of bearish price drawdown, the update from Kusama and broader market trends seem to have sparked a recovery in Shiba Inu's price. At the time of writing, the meme coin is trading at $0.00001651, a 2.27% increase in the past 24 hours. According to data from CoinMarketCap, Shiba Inu's trading volume has increased by 6% to $455,379,530, indicating a resurgence of positive sentiment.