Shiba Inu, an Ethereum-based cryptocurrency, is ramping up its efforts to advance its ambitious goals in the crypto industry by appointing a new technical advisor. Alpha Transform Holdings (ATH) is providing expertise and guidance to the Shiba Inu DAO Foundation through this move.
In a Twitter post, Lucie, a content marketer for the Shiba ecosystem, announced that Alpha Transform Holdings, a leading cryptocurrency advisory venture capital firm, would assume a consulting role for the foundation behind Shiba Inu DAO.
The update was released on Monday, August 14th, in a press release where ATH highlighted all the benefits that Shiba Inu could potentially derive from decades of experience in expertly advising major crypto projects in the industry.
The partnership between Shiba Inu DAO and ATH was warmly welcomed by Seth Shapiro, Partner, Media and Entertainment Lead at Alpha Transform Holdings. He emphasized the crucial role of Shiba Inu in reshaping the future of the Web3 space and expressed full support for the new alliance.
“In the last 15 years, web2 technologies – mobile, streaming, and social – have rewritten the economics of media. We believe that web3 will have a significant impact in the coming years. The Shiba Inu ecosystem is one of the first to offer a 360-degree strategy for media and entertainment integration on a large scale. We are excited to collaborate with their team at the beginning of this next era,” explained Shapiro.
ATH’s contribution to Shiba Inu DAO growth
Alpha Transform Holdings is a new holding company with a team of advisors and strategic partners. Reportedly, the ATH team will provide Shiba Inu DAO with collective experience and knowledge in investments, industry technology, and operations.
The digital asset organization comprises a team of professionals from various fields, including banking, design, and technology, who are expected to bring extensive experience in supporting issues such as mergers, IPOs, strategic developments, token economics, and more.
ATH has also formed partnerships with several high-quality organizations that SHIB may benefit from. These organizations include Nasdaq, Disney, and News Corp, experienced companies that have advised leading blockchain projects such as Ethereum and Tether.
The Lead Developer of Shiba Inu, Shytoshi Kusama, has shown his enthusiastic support for the new alliance with ATH. He expressed his anticipation for the future of Shiba Inu under ATH’s guidance, particularly with Shibarium, Shiba Inu’s upcoming layer-2 Shibarium project, which is nearly completed.
“Now that Shibarium is almost finished and our entire structure is at the feet of the world, we couldn’t ask for a better partner to help us navigate this next phase of the global Shiba phenomenon,” stated Kusama. “We look forward to Alpha Transform assisting our foundation in quickly and effectively charting the best course for the future of the Shiba Inu ecosystem.”
Image: iStock, Chart: Tradingview.com