Shiba Inu network (SHIB) was originally created as a joke but now its main goal is to build utility. It has been said that the meme coin is a joke, but it’s latest partnership with United Arab Emirates government (UAE) could change everything. SHIB is a relatively new player in the ecosystem but has already secured an impressive partnership. The real question, however, is whether or not this partnership has had a positive impact on the price of SHIB.
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UAE’s latest partnership
Shiba Inu and Ministry of Energy and Infrastructure of the UAE (MOEI), have formed a partnership to integrate Shiba Inu’s Operating System, (ShibOS), into government activities. It is the goal of this collaboration to improve Web3 applications in various industries like infrastructure and energy. The Shiba Inu Team also revealed that it is the first global government to implement blockchain technology on a federal level.
In the UAE, the Blockchain Strategy aims to reduce government transaction costs by over $3billion. Sharif Al Olama spoke about this topic, the Undersecretary of Energy and Petroleum Affairs for MoEI said,
“We’re delighted to deepen our commitment to cutting-edge digital services. This partnership represents a pivotal moment in our journey toward redefining government services.”
The Unprecedented Experience of Partner Shib @MOEIUAE The x @Shibtoken! 🇦🇪
It is an honor to announce that we have partnered with the Ministry of Energy and Infrastructure of the World’s Number One Crypto Location, the UAE.
Find out more➡️ https://t.co/TMFjLvlmHB pic.twitter.com/pkv6AGmUyI
— Shib | TreatYourself Season (@Shibtoken) February 4, 2025
Shiba Inu’s network has worked with many platforms before. The magnitude of the latest Shiba Inu deal is noteworthy. SHIB’s price fluctuated despite the belief that it would skyrocket.
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Shiba inu rally is short-lived
Shytoshi kusama, Shiba Inu’s chief developer just last week hinted at a significant partnership to keep the community on its feet. SHIB had been expected to see a huge increase after the announcement. However, the meme coin surged up to $0.00001647. The asset’s lowest trading price was $0.00001511. Shiba inu traded at $0.00001592 when this article was written, a drop of 2.12% over the last 24 hours.
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Source: watcher.guru
