Shiba Inu is back at ETHToronto, a big blockchain event in Canada, and they’re bringing some exciting news!
A Year of Growth
Last year, Shiba Inu launched their Layer 2 solution, Shibarium, at ETHToronto. Shibarium has been a huge success, with over 400 million transactions and almost 4.5 million blocks. It’s a testament to how well it scales and how active it is.
To make Shibarium even better, Shiba Inu recently got a $12 million investment. This money will be used to improve the infrastructure, make it even more secure, and make sure it follows all the rules. Shiba Inu wants to become a fully independent blockchain and a digital identity system, and this investment is a big step in that direction.
What to Expect at ETHToronto
Shiba Inu’s lead developer, Shytoshi Kusama, says ETHToronto is a big deal for them. They use it to share their plans and show how they’re becoming the ultimate decentralized hub. Kusama teased that they have some big announcements planned for this year’s event, so keep your eyes peeled!
ETHToronto is not just about tech announcements. It’s also a chance for Shiba Inu to connect with other companies and make new partnerships. They’ve already teamed up with D3 to create a .shib domain service, and they’ve also partnered with the Content Delivery & Security Association (CDSA).
Join the Shiba Inu Community
Shiba Inu is inviting their community to ETHToronto. They’re offering special tickets to encourage people to get involved and see the platform’s progress firsthand. If you want to go, you need to sign up on their special website.
Shiba Inu’s Price
At the moment, Shiba Inu is trading at $0.00001909. If it closes above the 200-day Exponential Moving Average (EMA), it could be a sign that the price is going to go up.
