Shytoshi Kusama, the lead developer of SHIB, has introduced the WHY Combinator, a decentralized program aimed at nurturing meme coin initiatives. According to CNF, the program seeks to enhance the implementation of Shiba Inu technologies and increase the significance of the BONE token within the network.
The vision of Shiba Inu is to establish a decentralized future. In a blog post on January 11, Kusama explained the program’s goals and the latest technological advancements. The program aims to provide additional incentives and support to developers working on Shibarium, which is the Layer-2 solution of the Shiba Inu network. Over thirty technologies, categorized under the 36 Chambers of Tech, have been developed to support this growth. These technologies include artificial intelligence, Web3 gaming, and decentralized identity solutions.
The WHY Combinator will utilize Shiba Inu’s blockchain infrastructure to accelerate its progress. Kusama emphasized the goal of making “Powered by Shib” a widely recognized brand, similar to other major technology platforms. The program will provide support to developers using Shibarium to create innovative applications.
One crucial element of this initiative is the TREAT token, which stands for Transactional Rewards for Engagement & Access Token. This token will serve as the primary settlement currency for projects within the WHY Combinator. Previously, the initiative introduced weekly TreatDrops to encourage participation and reward user engagement with the ecosystem.
These incentives aim to drive user activity in areas such as the Shiba Inu Metaverse and NFT collections, including Shiboshis and SHEboshis. The strategy is designed to attract new participants and incentivize the development of additional projects within the ecosystem.
Shiba Inu developers are also focused on expanding the functionality of the BONE token, which currently serves as the gas token for Shibarium. One proposed development includes enabling Layer-3 (L3) solutions and positioning Shibarium as a settlement and data availability layer. Similar to networks like Arbitrum and Optimism, these roll-ups would allow for more efficient blockchain transactions and increased scalability, as reported by CNF.
An important aspect of this plan is the potential integration of Chainlink’s cross-chain capabilities. If successful, it would transform Shibarium into a connected blockchain application ecosystem, enhancing its functionality and attracting development talents.
Despite challenges, Kusama remains optimistic about the ecosystem’s growth, emphasizing the importance of innovation at Shiba Inu in building a robust blockchain layer capable of supporting functional offerings.
The creation of the WHY Combinator is part of an expansion plan that aims to position Shiba Inu as a strong player in the blockchain industry.