Shiba Inu Team Member Says Major Update Is Coming – Here’s What We Know

The Shiba Inu Marketing Lead, Lucie, has provided more insights into what to expect from the SHIB Marketplace. The Shiba Inu team has teased this upcoming project for a while now, with the marketplace expected to launch soon enough. 

The Power Of The SHIB Marketplace

In an X (formerly Twitter) post, Lucie highlighted the SHIB marketplace’s potential. She mentioned that the decentralized platform will democratize power among its users rather than centralized corporations. Furthermore, she claimed it would ensure financial autonomy as the marketplace will use smart contracts to replace third-party systems, ensuring secure and transparent transactions. 

Lucie expects members of the Shiba Inu community to actively shape the marketplace by becoming “participants rather than passive consumers.” The SHIB Army (as they are also called) is always known to support every project in the Shiba ecosystem, which is why the team once referred to them as the major strength behind the team’s success. 

Lucie went on to highlight the core components of the SHIB Marketplace. She noted that Shibarium, BONE, and the Shiba Inu DAO are essential to the ecosystem’s development. The marketplace will be built on the layer-2 network Shibarium, while BONE will facilitate transactions on the platform. The Shiba Inu DAO will be responsible for decision-making on the platform. 

Lucie also believes that Shibarium’s structure provides a scalability solution for the marketplace as it can continue to expand over time. The team envisions a “community-driven economic reality with shared power” for the Shiba Inu community. In line with this, Lucie encouraged community members to join the decentralized movement to achieve a “future where power is distributed among the many.”

SHIB Marketplace Another Piece In The Team’s Big Plans

The SHIB Marketplace forms another piece of the team’s big plans for the Shiba Inu ecosystem. During his first public interview, Shiba Inu’s lead developer, Shytoshi Kusama, revealed that the goal is to make Shiba Inu the “world’s first trillion-dollar decentralized entity.” He noted that less than 5% of the world’s population is currently in crypto.

He believes this number will explode soon enough and that memes will be the gateway to crypto and blockchain networks. Kusama asserted that Shiba Inu would play a significant role in achieving this, claiming that the meme coin will be the brand that onboards these individuals from Web2 to Web3. 

Indeed, the team has continued to take steps to achieve this. Earlier this year, Kusama announced that they were working on acquiring a Top-level Domain (TLD), which will boast support for Web2 and Web3 native tools. By doing this, the team aims to bridge the gap between both worlds while making Shiba Inu the “first decentralized Web3 ecosystem.”

At the time of writing, Shiba Inu is trading at around $0.00001598, down over 3% in the last 24 hours, according to data from CoinMarketCap. 

Featured image created with Dall.E, chart from Tradingview.com