Coinbase’s Onchain Summer and Shiba Inu’s Response
Yesterday, Coinbase, the leading US-based cryptocurrency exchange, announced its Onchain Summer. This month-long festival will feature 50 creators and developers showcasing novel things that can be done on-chain. Coinbase also revealed that their new product, Base, will be launching on August 9th.
Shiba Inu Calls Coinbase a Copycat
- Coinbase announced Onchain Summer, a month-long festival showcasing on-chain innovations.
- Base, Coinbase’s new product, will be launching on August 9th.
- Kusama, the lead developer of Shiba Inu, called Coinbase a copycat in response to the announcement.
- Shiba Inu had previously announced their own Summer of Shibarium.
- Kusama’s tweet suggests that Coinbase’s Onchain Summer is a imitation of Shiba Inu’s event.
Shiba Inu’s Summer of Shibarium
Less than a month ago, Shiba Inu announced their Summer of Shibarium. This event shares similarities with Coinbase’s Onchain Summer, leading to Kusama’s accusation of copying. Shiba Inu’s response suggests that they believe Coinbase is imitating their event.
Hot Take: Copycat Accusations in the Crypto Space
This incident highlights the competitive nature of the crypto industry. With various projects vying for attention and recognition, accusations of copying or imitating are not uncommon. It is important for cryptocurrency companies to differentiate themselves and create unique offerings to stand out in the crowded market. The accusations made by Shiba Inu against Coinbase demonstrate the ongoing battles for originality and innovation within the crypto community.
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