Shiba Inu’s Collaboration with Zama Gains Global Attention
In the midst of recent advancements in Shiba Inu’s ecosystem, the meme coin’s partnership with Zama is attracting global attention. The ecosystem developer of Shiba Inu highlighted key insights about the collaboration, following the coin’s rise to the 11th rank by global market cap and a significant monthly surge of nearly 150%.
Zama’s CEO Outlines Vision for FHE Services
The CEO of Zama, Rand Hindi, expressed his company’s goal of becoming an integral part of every internet blockchain and AI application. Zama aims to provide top-notch encryption and privacy services, as demonstrated by its initial integration into the Shiba Inu ecosystem. Hindi also mentioned the global transition from HTTP to HTTPS encryption and suggested that end-to-end encryption like HTTPZ might become imminent.
If Zama fulfills its potential and partners with Shiba Inu, a future where privacy concerns are eliminated could be on the horizon. Zama aims to make privacy the default at the protocol level for all its services.
This announcement from Shiba Inu’s ecosystem developer sparked curiosity within the community. The lead developer of SHIB, Shytoshi Kusama, also emphasized the significance of this partnership. However, despite these positive developments, SHIB experienced a drop in price amidst market corrections.
Shiba Inu Faces Price Decline
After an impressive rally in recent days, Shiba Inu’s price suffered a considerable decline alongside the broader crypto market. Currently trading at $0.00002494 with a 3.35% drop in the past 24 hours, SHIB has seen a setback from its recent achievement of scaling the $0.00004 mark. This decline undermines the community’s efforts to boost SHIB, despite the partnership with Zama and the burning of SHIB tokens.
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