Shiba Inu Collaborates with CDSA, SHIB Burn Rate
Shiba Inu (SHIB) continues to make waves with a new collaboration and a community-driven burn initiative. Shytoshi Kusama, the anonymous leader of SHIB, recently addressed the community regarding their partnership with the Content Delivery Security Association (CDSA).
Read Also: Terra Luna Classic Eyes Dedicated Dev Team, Community Decides Roles
This collaboration focuses on exploring the potential of blockchain technology within the media and entertainment industry. Kusama, in a message shared by SHIB’s social media lead Lucie, highlighted how this partnership will empower CDSA executives to “better utilize these innovative technologies” as blockchain and AI converge.
“We look forward to providing a unique and blockchain-first perspective to CDSA’s work in helping media and entertainment executives better utilize these innovative technologies, especially as blockchain and artificial intelligence converge,” Shiba Inu lead developer… pic.twitter.com/GT75ZgnLbG
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 11, 2024
Founded in 1970, CDSA is a non-profit organization dedicated to best practices in content delivery and security for entertainment, software, and IT. Their focus on content security, protection, and authenticity aligns with SHIB’s potential contributions through blockchain expertise.
SHIB Burn Rate Heats Up
The SHIB community remains active on the burning front. According to Shibburn data, nearly 300 million SHIB (272,441,541 to be exact) were burned in the past week, resulting in a 13.2% increase in the weekly burn rate. However, the past 24 hours saw a significant drop, with only 3,044,312 SHIB burned, reflecting a 95.54% decrease.
HOURLY SHIB UPDATE$SHIB Price: $0.00002758 (1hr 0.13% ▲ | 24hr 0.67% ▲ )
Market Cap: $16,243,171,256 (0.08% ▲)
Total Supply: 589,275,106,048,937TOKENS BURNT
Past 24Hrs: 3,044,312 (-96.54% ▼)
Past 7 Days: 272,441,541 (13.2% ▲)— Shibburn (@shibburn) April 12, 2024
Burning SHIB reduces the circulating supply, potentially leading to price appreciation in the long run. The community’s dedication to burning demonstrates their commitment to the project’s growth.
Read Also: Solana Outage Raises Concerns About Network Scalability
Looking Ahead: Blockchain Life Forum
Kusama also extended an invitation to the SHIB community for the upcoming Blockchain Life Forum in Dubai. The event, happening in less than a week, will feature a “Meme Night Cocktail Reception” organized by Metis and FreeLabs, where the SHIB team will showcase their latest developments.
With a focus on media and entertainment and continued community engagement, Shiba Inu’s future remains exciting for its loyal SHIB army.
Follow us on Twitter, Facebook, Telegram, and Google News
Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
