Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

A popular Shiba Inu (SHIB) developer is warning that some Shibarium crypto projects are exploiting his credibility for their own designs.

The developer pseudonymously known as Shytoshi Kusama tells his 900,300 Twitter followers that he will cease following Shibarium projects on social media as it is being misconstrued as a vote of confidence.

According to the Shiba Inu developer, everyone should do their own due diligence on the various projects cropping up regardless of his opinions.

“Well, looks like I won’t be able to follow any other Shibarium projects as it is falsely being used as some sort of endorsement.

For the record, if I mention a project I believe in, do your own research. If I despise a project, do your own research. If THEY SAY I endorsed/bought the project, do your own research. We always do our own research.”

Shibarium is a layer-2 protocol built on top of Ethereum (ETH), like Arbitrum or Polygon (MATIC).

The pseudonymous developer goes on to say that he’s thrilled with the response of the SHIB community to the recently launched “Join Shibarium” portal, which allows anyone interested in the Shiba Inu ecosystem to apply and get in touch.

Related:  Got Bitcoin? Argentina's Inflation Rate is Now Over 100%

“That being said, I’m quite happy with the thousands of submissions to the Shibarium [online hub] intake form. There are so many amazing projects that will join us on this experimental journey.”

The portal, which was launched earlier this month, has already received a tidal wave of interest, according to Shytoshi Kusama.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Source link

Share this article: