Memecoin Shiba Inu unveils plans to launch DAO

Shiba Inu’s marketing head has shared plans for a DAO that will allow SHIB holders to have a say in the future direction of the memecoin project. 

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The team behind the Shiba Inu memecoin, the 13th largest cryptocurrency by market cap, is preparing to launch a decentralized autonomous organization (DAO).

In an Aug. 25 post to X, Shiba Inu’s (SHIB) pseudonymous marketing lead Lucie shared that the Shiba Inu team would launch a DAO, allowing holders of the memecoin to vote on future initiatives and have a say in the future direction of the project. 

Source: LucieSHIB

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