As Shibarium Launch Approaches, SHIB’s Doggy DAO Adds Alpha Transform Holdings as Advisor

Shiba Inu (SHIB) has unveiled a new project partnership with Alpha Transform Holdings (ATH) that will aid the development of Doggy DAO, the decentralized autonomous organization that is tasked with executing on community-led governance decisions for the Shiba Inu blockchain.

Woof! Alpha Transform Holdings has joined the SHIB Doggy DAO Foundation as an Advisor, bolstering our mission with their expertise and insights ?https://t.co/S5UGnn382I

— Shib (@Shibtoken) August 15, 2023

This follows a recent announcement from Shytoshi Kusama, who stated on 11th August that Shiba Inu has formed three new project partnerships on the eve of the launch of Shibarium.

Shibarium, which is scheduled to go live this week, is a layer-2 scalability solution that will boost transaction throughput and reduce transaction speeds for the Shiba Inu blockchain. The test net for Shibarium has supported 21 million user wallets and over 250,000 EVM-compatible smart contracts.

Alpha Transform Holdings has stated:

“SHIB continues the incredible trajectory. Shibarium has already seen great momentum. There are many brands in entertainment, media, and finance that will be interested in engaging with this vibrant community.” — Alpha Transform Holdings CEO and Chief Investment Officer, Enzo Villani

Alpha Transform Holdings will bring industry pedigree and years of experience to SHIB’s Doggy DAO, taking an investment and advisory role that can help drive progress for the ecosystem.

Members of the ATH team, which includes Enzo Villani, Michael Terpin, and Seth Shapiro (former team leaders at Disney, NewsCorp, and Nasdaq respectively), have previously advised the lead development teams at Ethereum and Tether.

ATH uses a “Buy and Build” business strategy that aims to create a diversified Web3 portfolio of partnered projects, providing incubation and advisory services that can aid projects while they seek to expand. Specifically, ATH uses its pedigree to help balance sheet companies to invest in scale and innovation.

Shytoshi Kusama, the pseudonymous founder of Shiba Inu, stated:

“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.”

What is Shiba Inu?

Shiba Inu (SHIB) is a cryptocurrency that rapidly grew to prominence in 2021 as a leading meme coin blockchain. The network is fully compatible with Ethereum Virtual Machine and enables the creation of custom smart contracts and decentralized applications (dApps). The network’s new layer-2 scalability upgrade, Shibarium, has been scheduled for release in Q3 2023.

SHIB price prediction

With the launch of Shibarium fast approaching, SHIB has seen positive price action during August so far. From the opening day of the month, SHIB rose a total of 40% before retracing to the $0.000009916 price level.

Currently, SHIB is 5% down in the past 24 hours. The CoinCodex price prediction algorithm expects SHIB to rise by 8.61% over the coming 30-day period, taking SHIB to $0.00001076 by 15th September 2023.

To find out about SHIB’s long-term price prediction, check out our article that covers the SHIB price prediction 2040 and 2050.