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WEF Invites Shiba Inu For A Talk On Metaverse

The World Economic Forum (WEF) has invited Shytoshi Kusama, the lead developer of the meme coin Shiba Inu to work on building a global Metaverse Policy.

In a recent tweet, the meme coin developer solicited a quick voting round seeking their consent regarding the invitation to work with WEF on its global Metaverse Policy. Hence, he reassured the community that it was all about their decision. 

Currently, over 18000 votes have been cast for the poll, with about 60% accepting the offer for partnership with the WEF. Earlier, Kasuma had clarified that the WEF metaverse-related project would also involve Meta, Sandbox, and Decentraland

Despite the positive development, the SHIB token continues to decline in price.

Shiba Inu Price Action

According to recent data from Coingecko (a crypto data aggregator), SHIB has been down by about 2% over the last seven days. However, it is up by 0.55% over the previous 24 hours and currently trades at $0.00000903, according to the same data.

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Agreeably, the ongoing market fluctuations have had a significant effect on the meme coin negatively. Hence, it is no longer the 14th-ranked cryptocurrency based on market cap and is now ranked 15th.

Aside from its poor performance, on-chain data shows that Ethereum’s top whales were accumulating more of the meme-themed cryptocurrency. It is worth mentioning that these whales overall holding accounted for nearly 3.14% of the total SHIB holding. 

Based on current market value, their holdings are worth an estimated $70 million. Furthermore, there has been a significant increase in the number of active addresses for the asset. The number rose from over 80,000 in October to about 130,000 at present.

Shib Community Place Hopes On Shibarium

The SHIB community remains expectant of the Shibarium launch, a Layer 2 scaling protocol that would be built on the SHIB Protocol. The Shibarium would function more like an individual network according to its design.

Furthermore, Shibarium has a built-in system that would enable holders to burn their tokens and reduce its exorbitant supply. Presently, Shiba Eternity, a blockchain-based card game launched in September, would be an option for the SHIB community to burn their SHIB tokens pending the arrival of the Shibarium.

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Notably, the Trading Card Game functions like Shibarium and is vital in burning SHIB tokens. It increases demand and relatively triggers an upward movement in the token’s price. produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

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Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

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