Shiba Inu Developer Drops Exclusive Insights On Zama Partnership, Here’s Everything

Amidst a recent whirlwind of advancements witnessed within Shiba Inu’s ecosystem, the meme coin’s strategic collaboration with Zama appears to be garnering global attention as SHIB’s ecosystem developer spotlighted key insights orbiting the partnership. In a post shared by Kaal Dhairya on X today, March 20, the ecosystem developer joined the chorus of praise for Shiba Inu, drawing attention to the above-mentioned partnership, following the meme coin’s recent scoring of the 11th rank by global market cap and a nearly 150% monthly surge. This propelled immense curiosity among crypto market traders and investors in the market, although SHIB illustrated contrasting movements.

Kaal Spotlights Zama’s CEO’s Remarks

According to Kaal Dhairya’s post shared today, March 20, the CEO of Zama, Rand Hindi, stated that the end game the FHE (Fully Homomorphic Encryption) services provider eyes is becoming an integral part of every single internet blockchain and AI application that there is out there. Moreover, with its initial integration into the Shiba Inu ecosystem, the firm offers a glimpse of the top-notch encryption and privacy it aims to offer.
Meanwhile, the CEO also drew attention to the global transitory phase witnessed with data encryption on sites, moving from an “HTTP” era to an “HTTPS” generation. Intriguingly, concerning this, the CEO says, “An end-to-end encryption, something like HTTPZ might be imminent.”

If Zama functions as expected, with the Shiba Inu partnership further weighing in, an era where people don’t have to worry about privacy is not far, not because it’s not essential, but because Zama would have made it the default at the protocol level of everything the firm does.

This post shared by the meme coin’s ecosystem developer sparked immense curiosity throughout the Shiba Inu universe, as also highlighted by SHIB’s lead developer, Shytoshi Kusama, earlier. However, the meme coin token SHIB continued to trade in red, stirring speculations in contrast to the community’s recent developments.

Also Read: Immutable and Polygon Join Forces for $100M Web3 Gaming Fund

Shiba Inu Tumbles

Following a remarkable rally showcased in the past few days, Shiba Inu’s price noted a considerable plunge as the broader crypto market witnessed corrections. As of writing, Shiba Inu’s price jotted a 3.35% drop over the past 24 hours and is currently trading at $0.00002494. With its remarkable scaling of the $0.00004 mark recently, this drop undermines the community’s continued efforts to jack up SHIB, as seen by the above-mentioned partnership and the meme coin’s burning chronicles.

Also Read: BTC Price Under Pressure As Bitcoin ETF Outflows Shoot Over $350 Million