Shiba Inu Team Calls Out Elon Musk, Showcases SHIB’s Major Growth

The Shiba Inu team has contacted Elon Musk with respect to the cryptocurrency’s growth in the past four years. Five area improvements were detailed by the team that show SHIB changing from a meme coin to a working ecosystem.

https://twitter.com/LucieSHIB/status/1901665415362674794

Shibarium is one of the huge developments in the Shiba Inu ecosystem and it is a Layer 2 blockchain on Ethereum. Shibarium was launched in August of 2023 with the intent to reduce transaction fees and increase processing speed.

In this regard, the team presented ShibDev, a platform that creates tools to help to build projects on Shibarium. Lucie revealed that the blockchain is being already used for gaming, and can further be used to support real-world applications.

Expansion into Gaming and the Metaverse

The ecosystem has also grown in the gaming sector, with five games now available: Shiba Eternity, Lap Dogs, Shibridge, Shiboshi Rush, and Agent Shiboshi. These games offer users rewards while expanding the reach of SHIB in the gaming space.

Apart from gaming, the team also created SHIB: The Metaverse, a virtual world that includes users operating in the Shiba Inu ecosystem. These projects are a part of a mission that aims to make SHIB more engaging and creating more practical use cases for the crypto.

Partnerships with Leading Companies and Governments

Shiba Inu has formed alliances with organizations such as K9 Finance, Chainlink, and Zama.ai. These collaborations focus on blockchain, artificial intelligence, and financial applications.

One of the most notable partnerships is with the UAE government. Signed earlier this year, the agreement involves using Shiba Inu’s blockchain technology for governance solutions. The team considers this a major step in bringing SHIB into real-world applications beyond cryptocurrency.

Introduction of Shib OS and SHIB Burning Mechanism

Another is Shib OS, a system launched on Shibarium earlier this year. It incorporates means of dealing with transactions, gaming, and the administration for a smooth user experience.

The ecosystem also introduced Shib Torch, a token-burning mechanism launched in 2024. This system removes SHIB from circulation by burning a fraction of transaction fees generated on Shibarium. The team believes that this will make it possible to turn SHIB from a meme coin to an asset powered by utility.

Elon Musk’s Response Pending

However, Elon Musk hasn’t yet responded to Shiba Inu’s message. The team focuses on growing the ecosystem and enhancing their assets value.

SHIB price traded at $0.00001257 at the time of writing, losing 4.58% in the last 24 hours, but 7.58% increase in the past seven days. With a circulating supply of 590 trillion SHIB, the market cap of the token comes at $7.43 billion.