SHIB Postpones ShibaCon Ahead of New AI-Driven Partnership

• The 7-day ShibaCon 2024 in Bangkok, Thailand, has been postponed.
• Shiba Inu execs strike a deal with a Stripe partner ahead of L3 launch.
• Shiba crypto consolidates in a narrow channel after Monday’s 7% run.

Shiba Inu (SHIB) was supposed to unite all meme coin fans in ShibaCon 2024, a seven-day crypto conference that was meant to take place in Bangkok, Thailand, from November 9 to 15, 2024. However, the grandiose event aimed at networking between meme communities has been postponed to a later date, SHIB Token revealed on X.

Ticket Owners Get Free VIP Ticket for Next Event

For those who have bought the tickets already, Shiba Crypto’s executive team offers a free VIP ticket “when the new place and dates are announced.” For now, ShibaCon 2024 holders can expect an email regarding a full ticket refund. While the new location is unknown, some crypto aficionados suggested Turkey and Japan.

The news has barely affected the price of Shiba Inu , which is trading in a narrow intraday channel between $0.0000178 and $0.0000189. On Monday, SHIB spiked 7% to a new weekly high of $0.00001891, but Monday’s bull race for SHIB was short-lived. A drop in crucial on-chain metrics like network growth and large transactions solidified the bearish price trend.

SHIB Lands New AI Partner to Revive Shibarium?

Shiba’s executive team signed a deal with Mass Build, a partner of the digital payment giant Stripe, to bridge the gap between the effervescent world of cryptocurrency and traditional finance. This artificial intelligence-driven enterprise scaling solution is set to play a pivotal role in setting up the mechanics of Shibarium’s decentralized identity.

Speaking of the new Shibarium partnership, SHIB’s lead dev, Shytoshi Kusama, recognized Mass Build as “the Financial Layer of the Shiba State with AI-driven legal and fiscal solutions”. This could mean broader payment integration opportunities, which were discussed by Kusama in the keynote speech at the Blockchain Futurist Conference in Toronto earlier this year.

The move to onboard Mass Finance onto Shibarium’s ecosystem comes ahead of Shibarium’s Layer-3 blockchain launch. Securing a $12M funding round in the introduction of a Fully Homomorphic Encryption (FHE), SHIB.io gained trust from venture capitalist enterprises, such as Polygon Ventures, Animoca Brands, Shima Capital, Morningstar Ventures, Stake Capital, and others. The Layer-3 chain is set to see the light of day along with Treat Token (TREAT), an upcoming utility and reward altcoin within Shibarium’s upgraded system.

On the Flipside

• An ex-member of SHIB: The Metaverse Web3 project claims that ShibaCon 2024 was canceled due to selling only 10 tickets.
• Additionally, the ex-member alleged ties between the FBI’s secret crypto venture and BONE, traded by the same on-chain entity.

Why This Matters

Real-life gatherings provide a safe space for crypto enthusiasts to network. Taking the initiative to unite meme coin communities in a mutually beneficial direction can benefit everyone involved.

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