Community Driven Shiba Inu DAO Coming Soon
Shiba Inu (SHIB) has announced plans to launch a decentralized autonomous organization (DAO), aiming to enhance community governance and expand real-world applications. The announcement, made by marketing lead Lucie on August 25th, signifies a major shift in the management of the project.
The announcement comes shortly after the release of the Shiba Eternity closed beta was revealed, which is the first game on the Shibarium blockchain. Lucie, the Shiba Inu marketing lead, announced the update on X, marking a major shift towards a utility-focused ecosystem.
Giving Users A Voice
The DAO will reportedly give all SHIB holders a voice in shaping the future of the initiative, regardless of their stake. Since its 2020 debut, Shiba Inu has grown significantly. It initially began as an experimental token created by the anonymous Ryoshi to a prominent digital asset under the leadership of Shytoshi Kusama.
The introduction of the DAO represents the next step in involving the community more deeply in governance. The DAO will feature two main councils, the Charity Council, focused on philanthropic efforts, as well as the Culture and Heritage Council, dedicated to preserving the uniqueness of Shiba Inu.
Boosting Real World Apps
Shiba Inu also plans to boost its real-world applications, with SHIB already accepted by thousands of merchants globally. The DAO is expected to strengthen the position of Shiba Inu within the world of decentralized finance (DeFi) in addition to enhancing its practical utility.
Furthermore, lead developer Shytoshi Kusama indicated that he might step down by the end of the year, aligning with the launch of the DAO and further decentralizing the project. In summary, the move to a DAO is a significant development for Shiba Inu, emphasizing community governance and practical applications.
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