Following Dogecoin (DOGE) supporter Elon Musk’s DOGE proposal, a proposal also came from Shytoshi Kusama, the lead developer of the popular memecoin Shiba Inu.
At this point, the Shiba Inu team and developer announced the proposal for the Blockchain Strategic Innovation Center (SHIB) in the USA to transform the USA into a crypto valley and make it a leader in blockchain technology.
The SHIB developer, who also invited Elon Musk and Donald Tump for this proposal, said that this could make the US a leader in blockchain technology in the next five to ten years.
According to the proposal details, such a center would first be created in a single U.S. city and then spread across the country using blockchain technology.
It was also estimated that the total estimated cost of implementing all parts of this plan would be between $1.3 billion and $2.35 billion and would be completed over a period of 5 to 10 years.
Following the announcement, Shiba Inu (SHIB) experienced a 5% price increase.
I propose a Strategic Hub for Innovation in Blockchain (S.H.I.B.). I invite either Presidential candidate and/or interested parties to reply if they support this "Silicon Valley for the Blockchain industry". 👀👇 https://t.co/N5CMYOfPP9
— Shytoshi Kusama™ (@ShytoshiKusama) November 5, 2024
*This is not investment advice.
