SHIB Creators Mull Joining WEF Plans to Shape Global Metaverse Policy

The World Economic Forum (WEF) is planning to draft policies around the metaverse that would work on a global level. To achieve this, the WEF has reached out to the developers of Shiba Inu. The volunteer project lead and developer for Shiba Inu, who goes by the pseudonym ‘Shytoshi Kusama', has announced the development along with a poll on Twitter. The Shiba Inu cryptocurrency was created by an anonymous developer called Ryoshi in August 2020 and as of Wednesday, November 23, has a market cap of $5 billion (roughly Rs. 40,430 crore).

In a Twitter poll, Kusama asked the crypto community to vote if Shiba Inu should accept WEF's offer.

In the last few hours, nearly 20,000 voters have cast their votes and the maximum of 62 percent participators have approved of Shiba Inu joining hands with the WEF.

The crypto and blockchain sectors have often made it to the discussion table at several WEF events.

Offering to team up with a crypto platform however, is a first of such offers from the Switzerland-based international non-governmental and lobbying organisation.

Over the last year, Shiba Inu has failed to maintain an impressive growth graph.

At the time of writing, the SHIB token is trading at $0.0000090 (roughly Rs. 0.000737).

The developers of the SHIB token have, however, been expanding the ecosystem of the meme coin.

Shiba Inu creators have working on a metaverse project called ‘SHIB: The Metaverse', that is being developed in Shibarium, a layer-2 solution for SHIB.

Back in January 18, Prime Minister Narendra Modi called cryptocurrencies a global challenge in his World Economic Forum address. "I am sure there will be a positive dialogue in this direction in the discussions in Davos," the Prime Minister had added at the time.