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Cryptocurrency News Articles

Shytoshi Kusama Hints at Forthcoming Collaboration with AI Project NFA Labs

Aug 09, 2024 at 03:00 am

Shytoshi Kusama, the enigmatic figure leading the Shiba Inu ecosystem, has sparked speculation about a forthcoming collaboration with an AI project.

Shytoshi Kusama Hints at Forthcoming Collaboration with AI Project NFA Labs

Shiba Inu’s lead developer, Shytoshi Kusama, has hinted at a possible collaboration between SHIB and an AI project in a recent X exchange interaction.

The interaction began with a post showcasing one of NFA Labs’ products, an algorithm that utilizes real-time data to generate consistent profits. This product is designed to be autonomous and aims to achieve maximum efficiency in generating profits.

Notably, Kusama responded to the post with a question: “Wen we closing that deal bruh?” This question sparked speculation and excitement among both the SHIB Army and the NFAI community.

In response to Kusama's question, NFA Labs quickly replied, confirming their readiness to finalize the deal.

The interaction generated a buzz within the community, with members expressing enthusiasm and anticipation.

One community member, Moe Linde, highlighted NFA Labs’ strength in forging powerful partnerships, noting the project’s connection to Shiba Inu through its founder, who was once a core member of the SHIB Army.

Another community member noted the significance of receiving such public support from Kusama, suggesting that the project has the potential to exceed expectations.

NFA Labs and Shiba Inu have a deep-rooted connection, especially through Shibarium, Shiba Inu’s Layer 2 blockchain.

Prior to Shibarium's launch last year, NFA Labs announced its plans to develop a lending protocol on the Shiba Inu blockchain, known as Canis.

This protocol is set to enhance Shibarium's capabilities by allowing users to leverage their holdings for investment in L2 projects.

Furthermore, it offers price-agnostic yield to NFAI token holders and reduces SHIB’s circulating supply, which has the potential to drive up SHIB's price.

Earlier this year, reports indicated that Shibarium had achieved a Total Value Locked (TVL) of $1 million. However, NFA Labs stated that their staking and lending platform alone had gathered $5 million in TVL within 24 hours of its launch.

This suggests that the actual TVL for the Shibarium ecosystem could be around $6 million.

If Shytoshi Kusama and NFA Labs do indeed join forces, it could serve as a major boost for both SHIB and the broader Shiba Inu ecosystem.

As the deal progresses, the SHIB Army and the NFAI community will undoubtedly keep a close watch on the unfolding events.

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