In a remarkable turn of events, the Shiba Inu community is welcoming a significant player in the digital asset space into its ecosystem.
Lucie, the Shiba Inu content marketing specialist, took to X to announce a breaking development. Lucie revealed that Alpha Transform Holdings (ATH), a top crypto advisory investment company, has agreed to be a counsel to a Shiba Inu-themed foundation.
In particular, the foundation is SHIB Doggy DAO, an autonomous community overseen by Shiba Inu token holders. It was highlighted that this DAO funds projects being built on the Shibarium blockchain.
Leading digital asset advisory and investment firm Alpha Transform Holdings (ATH) today announced that it will be advising the foundation behind SHIB Doggy DAO, the decentralized autonomous organization governed by Shiba Inu token holders that funds the projects now being built… pic.twitter.com/he1sXsCxJv
— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 15, 2023
Shiba Inu and Alpha Transform Holdings Collab
In the official statement, the advisory firm noted that SHIB Doggy DAO would benefit from its extensive experience in the blockchain industry. ATH spotlighted its leading industry partners and their roles in advising prominent crypto projects.
Specifically, ATH noted its partners are leaders from News Corp, Nasdaq, and Disney. They previously advised principal crypto projects such as Ethereum (ETH) and Tether, the well-known stablecoin issuer.
ATH Team Reacts
Enzo Villani, the CEO of Alpha Transform Holdings, highlighted Shiba Inu’s growing momentum and the impressive metric Shibarium has gathered on the testnet. Villani remarked:
“With over 21 million wallets and over 250,000 smart contracts written to their Layer 2 blockchain testnet, there are many brands in entertainment, media, and finance that will be interested in engaging with this vibrant community”
Similarly, Michael Terpin, ATH’s General Partner, expressed excitement about working with the Shiba Inu community. Terpin pledges to support the community as it journeys to attain full governance. He said:
“We look forward to helping both the Shibarium blockchain and Doggy DAO continue this momentum as the Shiba Inu Ecosystem moves into full-fledged governance.”
Shiba Inu Lead Reacts
Also, the pseudonymous leader of Shiba Inu, Shytoshi Kusama, reacted to the development. He expressed that Alpha Transform Holdings will play a pivotal role in propelling the objectives of the Shiba Inu ecosystem. In his words:
“Now that Shibarium is nearly complete, and our full structure placed at the feet of the world, we couldn’t ask for a better partner to help shepherd this next phase of the Shiba global phenomenon. We look forward to Alpha Transform helping our Foundation swiftly and effectively chart the best course possible for the future of the Shiba Inu Ecosystem.”
Notably, this development comes after Kusama revealed that Shiba Inu would be undertaking three PartnerShibs, as The Crypto Basic disclosed.