Shiba Inu Lead Looks Forward to Close This Fresh Deal

Shytoshi Kusama, the mysterious Shiba Inu ecosystem lead, has hinted at a potential deal set for completion with an AI project.

Kusama gave this breadcrumb during his latest interactions on microblogging platform X. The hint came in response to a post by NFA Labs, a project revolutionizing DeFi with its autonomous network of data and AI.

Shiba Inu Lead Seeks to Close a Deal

The post highlighted one of NFA Labs’s products’ capabilities: leveraging algorithms and real-time data analysis to generate consistent profits for users. Kusama replied to the post, inquiring about the status of a pending collaboration with NFA Labs.

“Wen we closing that deal bruh,” the Shiba Inu leader asked. NFA Labs has responded to Shytoshi Kusama’s inquiry, confirming that they are ready to finalize the deal.

We readyyy https://t.co/bgZs2ENOUd

— n=f(ai) (@nfalabs) August 7, 2024

Community Members React

The interaction has triggered excitement within the SHIB Army and the NFAI community. Moe Linde, a community member, remarked that NFA Labs’ ability to form partnerships is unparalleled. Linde noted that it is unsurprising given that its founder has a strong background as a former core SHIB Army.

Another community member expressed excitement, commenting that it is a rare occurrence for a project to receive support from a prominent figure like Shytoshi Kusama on a casual day.

They emphasized that NFA Labs is not an average project and warned others not to underestimate its potential amid the deal with SHIB.

NFA Labs’ Connections to Shiba Inu

Notably, NFA Labs has a strong connection with Shiba Inu, particularly through the Shibarium ecosystem blockchain. Before the official launch of Shibarium last year, NFA Labs announced plans to develop the lending protocol Canis on the Shiba Inu blockchain.

The protocol seeks to enhance Shibarium by enabling users to leverage their holdings to invest in L2 projects.

It provides NFAI token holders with price-agnostic yield and reduces SHIB’s circulating supply to drive price growth. Moreover, it competes with other lending protocols to generate revenue and provide safe liquidity on Shibarium L2.

Earlier this year, an article reported that the total value locked (TVL) on Shibarium had reached $1 million. However, NFA Labs responded by claiming that their staking and lending platform had accumulated $5 million in TVL within just 24 hours of its launch and had not been included in the reported figure.

According to NFA Labs, the actual TVL of the Shibarium ecosystem is $6 million, not $1 million. Essentially, NFA Labs aims to demonstrate their project’s significant impact on accelerating the Shibarium ecosystem’s growth.

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