The Shiba Inu ecosystem is flaring with massive developments and partnerships as the Shibarium launch finally comes knocking.
Alpha Transform Holdings (ATH), a leading investment and digital advisory firm, has joined forces with the foundation behind SHIB Doggy DAO, a decentralised autonomous organisation governed by Shiba Inu token holders.
According to a Tuesday announcement, ATH will provide advice and support to the foundation as it funds projects built on the Shibarium blockchain.
The partnership is a major coup for SHIB Doggy DAO, as it brings together a team of veteran leaders from Disney, News Corp, and Nasdaq with decades of experience in the blockchain industry. Enzo Villani, Michael Terpin, and Seth Shapiro are well-respected figures in the crypto space, and their expertise will be invaluable to the DAO as it seeks to build and grow the Shibarium ecosystem.
“We are excited to partner with SHIB Doggy DAO to help them propel the Shibarium projects forward. We believe that Shibarium has the potential to be a major player in the blockchain space, and we are committed to providing the DAO with the support it needs to succeed.” Said Enzo Villani, ATH’s CEO and Chief Investment Officer.
In addition to the partnership with ATH, the SHIB Doggy DAO has also been making other moves to prepare for the launch of Shibarium. In recent weeks, the DAO has announced several new projects built on the Shibarium blockchain, including a decentralised exchange, a lending platform, and a non-fungible token (NFT) marketplace.
The announcement comes even as the crypto community anticipates the Shibarium layer 2 protocol launch this week. So far this week, the team behind the project have been dropping hints since the Blockchain Futurist Conference in Toronto, where Shibarium is likely to be announced, kicked off on Monday.
And although the exact launch date of Shibarium had yet to be confirmed at press time, a tweet from LUCIE, the Chief Marketing Strategist for Shiba Inu, earlier on Wednesday hinted that it could be launched on Thursday, August 17.
That said, the launch of Shibarium is expected to be a major milestone for the Shiba Inu ecosystem as it will drastically reduce gas fees, increase transaction speeds and make it easier for developers to build decentralised applications on the Shiba Inu blockchain.
With over 2 million wallets already registering for the beta testnet, the live Shibarium could potentially lead to a surge in the adoption of Shiba Inu amid the SHIB price outlook to $0.001 and other tokens in the ecosystem.