The lead developer of popular memecoin Shiba Inu (SHIB) is teasing a roadmap of the Dogecoin (DOGE) rival’s future. In a new lengthy blog post, pseudonymous developer Shytoshi Kusama is proposing an update to SHIB that would complete the vision the protocol’s anonymous creator, Ryoshi, had for the dog-themed meme asset. “How can SHIB create […]
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Popular dog-themed meme asset and Dogecoin (DOGE) rival Shiba Inu (SHIB) is releasing a trailer for its much anticipated Rocket Pond metaverse. In a new announcement, the development team behind the memecoin has released a one-minute trailer showcasing Rocket Pond, the ecosystem’s upcoming land-based metaverse. In an accompanying blog post, the SHIB developers also unveil […]
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The team behind Shiba Inu’s (SHIB) new layer-2 scaling solution says the protocol aims to provide quick and cost-effective transactions. New public documentation reveals that Shibarium, which launched its beta version earlier this month, plans to acheive “true decentralization” by creating a protocol that charges minimal transaction fees, if not zero. According Shiba Inu lead […]
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According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter. Shiba Inu supporters believe the Shibarium launch is imminent as a number of community members have been […]
The shiba inu crypto community is anticipating the launch of the layer two (L2) scaling solution Shibarium after it was revealed that the public beta will launch in the third quarter. According to shiba inu developers Shytoshi Kusama and Ryoshi, the layer two solution will bring transaction fees down considerably and possibly to zero. Shiba […]
“I am just some guy of no consequence tapping at a keyboard and I am replaceable. I am Ryoshi,” the Shiba Inu founder previously stated.
Pseudonymous Shiba Inu (SHIB) founder ‘Ryoshi’ has walked away from the community after deleting all of their Tweets and blog posts this week.
Much like Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project launched in August 2020. Additionally, they have also held a hands-off approach to the memecoin much like Dogecoin (DOGE) founders Billy Markus and Jackson Palmer.
Lead developers such as ‘Shytoshi Kusama’ have stated that the project will carry on and continue to “actualize Ryoshi’s vision and plan for this grand experiment” of building a decentralized memecoin ecosystem.
Ryoshi has hinted on several occasions that they would eventually walk away, as they often played down their significance and role in Shiba Inu. In a since-deleted Medium post, the founder reportedly said:
“I have said from the beginning, I am a nobody, I am not important. The efforts to unmask my “identity” even if successful would be underwhelming. I am just some guy of no consequence tapping at a keyboard and I am replaceable. I am Ryoshi.”
As it stands, Ryoshi’s Twitter account is still up but with all activity wiped clean, while two blog posts bidding farewell to the ShibArmy are still up on Medium. However, some members have suggested that these posts may be from a scammer who created a new account under Ryoshi’s name.
The idea appears plausible, as previous reports linking to Ryoshi’s blog now bare the message “user deactivated or deleted their account,” despite another account being up using his same name and profile picture.
“I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards frens,” the first post reads, while the second one adds “Every Shibarmy is Ryoshi. It does not represent someone, but the glory of Shibarmy! END.”
Definitely isn't the original @RyoshiResearch though tbhhttps://t.co/J2PCsuWqpx
— Oliver Barsby (@OliverBarsby) May 30, 2022
Regardless of the potential tom-foolery on Medium, Shytoshi Kusama published a blog post on May 31, saying goodbye to Ryoshi and reiterating a commitment to the founder’s vision for the project moving forward:
“The ethos of Ryoshi to remain anonymous and have no input on the direction of Shib, makes our mythos even more mystic and impressive. We’ve built from nothing, never paid an exchange for a listing, and revolutionized “meme” tokens by growing exponentially.”
“Shib, Leash, Bone, Treat, ShibaSwap, Shi, Shibarium. Note also the concept of LOCAL Shib areas (meetups) such as we see in ShibaZone, and eventually Shibacon. To me, these latter two aspects are part of our growth, and all of our other projects support or utilize one or more of the above,” the post added.
Related: Shiba Inu has a new use case — Buying land in SHIB: The Metaverse
Notably, the news hasn’t negatively impacted the price of SHIB, with the memecoin gaining 3.1% over the past 24 hours to sit at roughly $0.00001209.
While the asset is down a hefty 86% since its all-time high of $0.00008616 in late October 2021, somehow SHIB is still up 54% overall compared to 12 months ago, which is something that has not been replicated across many major assets.
Shiba inu holders can now get rewards for burning their SHIB tokens as the project’s development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called “burntSHIB.” SHIB Army Celebrates the Token Burn Rate as […]
While the dogecoin’s token price has floundered during the last seven days, the meme-coin’s rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours. […]
Over the last few months two distinct dog cryptocurrencies, shiba inu and dogecoin, have been making waves within the crypto economy. While dogecoin has been around since 2013 and has seen massive gains during the last year, the relatively new ERC20 crypto shiba inu has jumped significantly in value as well. Both Dogecoin and Shiba […]