Elon Musk’s Shiba Inu Surprise at Upcoming Blockchain Conference?

Summary: Elon Musk is expected to attend the Blockchain Futuristic Conference in Toronto, Canada, to introduce Shiba Inu's Layer-2 scaling system, Shibarium. Shytoshi Kusama, the lead developer of SHIB said in a tweet that the SHIB team is looking forward to seeing Musk at the highly anticipated event

Key Takeaways:

• Elon Musk might show up at the Blockchain Futuristic Conference.
• Shytoshi Kusama stated that the SHIB team is looking forward to seeing Musk at the event.
• Kusama will likely discuss and debut the L2 Shibarium at the Blockchain Futurist Conference.

Elon Musk might show up at the Blockchain Futuristic Conference where Shiba Inu team will introduce its Layer-2 scaling system Shibarium.  Shytoshi Kusama, the principal developer of Shiba Inu, said in a tweet that the SHIB team is looking forward to seeing Musk at the highly anticipated event scheduled for August 13–17, 2023 in Toronto, Canada. The tweet came in reaction to a photo that had been posted online showing Tesla’s CEO wearing an “I Love Canada” T-shirt.

Kusama said earlier this month that after months of intermittent updates, his team will likely discuss and debut the L2 Shibarium at the Blockchain Futurist Conference. He also stated that a multi-month hackathon will be held by Shibarium as part of the conference.

Its mainnet beta launch, dubbed “Puppynet,” occurred in March. To aid programmers in creating DApps, an L2 scaling method was created. In addition, it may be included in functioning enterprises and operational energy initiatives.

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There was an overwhelming demand for Puppynet, as seen by the 25 million transactions it processed in only a few months following its beta test debut. Shibarium’s transaction volume and number of wallet addresses are likely to increase as the launch date approaches.

Dogecoin Price?

While this is going on, Musk has been subtly marketing Shiba Inu. He unexpectedly brought up Shiba Inu in a tweet not too long ago. It’s also worth mentioning that the coin’s forecasted price spike following the Shibarium mainnet debut is attracting the attention of investors. Now the question that remains at large is whether the price of Dogecoin will be affected if Elon Musk attends the event.