In August 2020, an anonymous individual (or group) named “Ryoshi” created Shiba Inu ($ SHIB), a decentralized cryptocurrency that has grown exponentially months after its launch.
SHIB has gathered an entire community of supporters called SHIB Army, who have been promoting the coin on social media, mostly on the Twitter microblogging platform. SHIB’s exponential growth has spread to the cryptocurrency community and mainstream media.
But what do we know about the founders? Despite SHIB’s exceptional popularity, it appears that the entity that created Shiba Inu, Ryoshi, is following in the same steps as Bitcoin’s Satoshi Nakamoto.
SHIB founder disappears from Crypto World
At first, SHIB presented itself as the leading memecoin that could rival Elon Musk’s beloved Dogecoin ($ DOGE), and overtook DOGE to become the most popular dog-themed coin for retailers in 2021.
Let’s put some context first: Ryoshi was silent for most of 2021. The only sign of activity was spotted on May 30 when Ryoshi deleted all his tweets and Twitter Biography. This leaves room for speculation: Did he delete his social media presence or was his account hacked?
The first option seems more suitable since Ryoshi hinted at the disappearance in a now deleted Medium blog post: “I’m not important and one day I’ll leave without warning.” He then encouraged the SHIB developers to continue working on the SHIB ecosystem.
Ryoshi’s demise was in line with the largest cryptocurrency market downturn in June 2022. After the announcement, SHIB took a hit and lost 5%, which added more focus to the 80’s price drop. % from the all-time high of the coin in October 2021.
Rumors and theories about Ryoshi’s possible identity and the significance of his actions abound in the cryptocurrency community. Shiba Inu project leader Shytoshi Kusama wrote a medium post on May 30 to pay tribute to the anonymous founder and to demystify the rumors the SHIB community has faced after his departure.
It is worth noting that Ryoshi has not been involved in the SHIB project for at least a year, so most of the input and direction of the ecosystem has been thanks to the developers and the community at large, who are carrying on Ryoshi’s vision. , according to Kusama.
“As we grow these components and create platforms for the greater ShibArmy, we realize Ryoshi’s vision and plan for this grand experiment. FUD will be just that. But Shib is Shib and we remain to grow far into the future following the path traced by our magnificent founder ”.
What are the prospects for SHIB?
Ryoshi’s departure does not mean that the SHIB developers and community will stop running the project. Two popular integrations for the SHIB ecosystem are Shibarium and SHIB: The Metaverse.
Shibarium: SHIB’s Layer-2 solution
Shibarium is a layer-2 (L2), a blockchain built on Ethereum, first proposed by Ryoshi. Like many other L2s, its purpose is to migrate SHIB tokens to L2 for greater scalability and lower gas rates.
SHIB: The Metaverse
One of the most hyped projects within the SHIB community is the SHIB metaverse.
According to the founders, the SHIB metaverse is built on Shibarium and contains 100,595 plots of land released in phases. The first phase will have 32,124 plots of land available for minting. Prices range from 0.2 ETH to 1 ETH.
Users will have to discover some hidden lands in the digital landscape and generate new opportunities for the ecosystem that uses them. The terrains within the metaverse are divided into four categories: Silver Fur, Gold Tail, Platinum Paw, and Diamond Teeth.
They can also collect non-fungible tokens (NFTs) in the game, collect rewards, and perform other activities, such as studying and working. According to a Tweet from Kusama, the SHIB metaverse will integrate David Kern, a leading figure in the gaming industry who has contributed to multiple AAA game titles as a 3D graphic designer, producer and animator.
Shiba Eternity is a highly anticipated collectible card game from the community, which had its first gameplay preview after Kusama announced the first successful test for Vietnam players on iOS devices. The game features card battles taking place in the “Dogjo” arena, with two Shibas standing on a podium as players choose one of their five cards to attack, similar to Axie Infinity.
Featured image via Pixabay