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The Shiba Inu ecosystem team celebrates SHIB’s recognition by the prestigious global business magazine Forbes.
Forbes Recognizes Shiba Inu’s Achievements
For context, Forbes dedicated a segment of the June 11 article to praising Shiba Inu for its achievements in crypto and traditional finance.
“All hail Shiba Inu, cutest of all the doges!” the opening sentence of the segment read.
The top media outlet stated that when it comes to memecoins, Shiba Inu is not just a token with a “pretty face” but one demonstrating how meme-based cryptocurrencies are developing real utility.
Shiba Inu Team Reacts, Summarizes Forbes Article Into 4 Key Points
Consequently, Shiba Inu marketer Lucie celebrated SHIB’s recognition by the prominent business media outlet. According to Lucie, the Forbes article delved into the impressive accomplishments of Shiba Inu’s ecosystem developers, ranging from its technological innovation to setting industry standards.
Forbes’ article about meme coins, called $SHIB "Beyond Cute," dives into the impressive accomplishments of Shib developers, highlighting:
1.Leading Technological Innovation:
•Forbes recognizes Shiba Inu as more than just a cute meme coin. It’s now setting the pace for other…— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 12, 2024
She summarized the article into four key points. At the top of the list, Lucie pointed out that Forbes highlighted how Shiba Inu is leading innovation by setting the technological pace for other crypto assets.
Secondly, the article recognized Shiba Inu’s partnership with Zama.ai, which focuses on developing a fully homomorphic encryption platform. The team member emphasized that the partnership illustrates Shiba Inu’s dedication to improving privacy and security.
Also, she pointed out that Forbes admired Shiba Inu for its transition from a memecoin to developing practical utility, including security and identity solutions.
Lastly, Lucie said Forbes emphasized that Shiba Inu’s impact extends beyond the crypto world into traditional finance, thus helping to set new industry standards.
Explaining her rationale behind highlighting the Forbes article, Lucie pointed out that it demonstrates an objective recognition of Shiba Inu’s developers’ hard work and SHIB’s progress in the crypto space.
Shiba Inu’s Commitment to Innovation
Overall, the Shiba Inu project has recorded notable achievements since its inception in August 2020. Launched as a memecoin, Shiba Inu has made significant efforts towards transitioning into a utility project, thanks to vibrant team of ecosystem developers led by Shytoshi Kusama.
Shiba Inu currently has several projects within its ecosystem, such as a decentralized exchange (DEX), a Layer-2 blockchain, NFTs and DN-404 tokens, and a domain name system.
The team is also working on other notable projects, such as an L3 privacy blockchain, a metaverse project, and a play-to-earn iteration of the Shiba Eternity game.As reported earlier, these projects will launch in the 2024/2025 market cycle.