Shiba Inu launches DAO for community governance and empowerment

Shiba Inu (CRYPTO:SHIB) is preparing to launch a Decentralised Autonomous Organisation (DAO) as part of its strategy to evolve into a versatile blockchain platform.

On August 24, Shiba Inu’s marketing lead, Lucie, announced the development of DAO governance, which aims to align the network’s growth with its core values of transparency and inclusivity.

The DAO will allow SHIB holders to actively participate in the decision-making process, reinforcing the meme coin’s commitment to decentralised governance.

“Shib is preparing to become a key player in decentralised governance with the upcoming launch of its DAO. This transition will empower every holder, regardless of the size of their stake, to have a say in the community’s direction,” Lucie stated.

Although still under development, the DAO’s governance model will feature two main councils: the Charity Council and the Culture Heritage Council.

The Charity Council will oversee community-driven charitable initiatives, while the Culture Heritage Council will focus on preserving and promoting Shiba Inu’s unique cultural identity.

Other tokens within the SHIB ecosystem, such as BONE (CRYPTO:BONE) and LEASH (CRYPTO:LEASH), will also play significant roles in the DAO. BONE holders will help guide the ecosystem’s efforts in blockchain innovation, while LEASH holders will vote on issues promoting fairness and transparency.

Lucie highlighted that these developments will enhance the practical applications of the SHIB ecosystem tokens, positioning them as symbols of what can be achieved through united community efforts.

“Shib’s rise from a community experiment to a leading cryptocurrency showcases the power of decentralised initiatives driven by passionate communities. More than just a token, Shib is setting the stage for how decentralised projects can redefine both finance and governance,” Lucie added.

The launch of the DAO is part of Shiba Inu’s broader commitment to integrating real-world utility into its ecosystem, following the successful rollout of Shibarium, a Layer-2 scaling solution.

Shiba Inu’s future plans include the development of a Layer-3 blockchain on top of the Ethereum-based Shibarium. This Layer-3 solution will incorporate Fully Homomorphic Encryption (FHE), allowing developers to process data securely without decryption.

The upcoming DAO launch is expected to further solidify Shiba Inu’s position in the decentralised space while promoting a more inclusive and community-driven approach to blockchain innovation.

At the time of reporting, Shiba Inu price was $0.00001515.