• 02 November, 2024
Markets

The Shib Magazine Unveils Strategic Partnership with AIRian

The Shib Magazine Unveils Strategic Partnership with AIRian

Shiba Inu’s lead developer Shytoshi Kusama sheds light on the latest edition of The Shib magazine showcasing a strategic partnership with AIRian. AIRian is a project focused on revolutionizing the running community through Web3 technology. The partnership aims to revolutionize the running community and further solidify Shiba Inu’s presence in the crypto realm.

The 16th edition of Shib magazine revealed Shiba Inu’s collaboration with AIRian, emphasizing the fusion of technology and fitness. This partnership marks a significant milestone for the Shiba crypto community as it endeavors to introduce a revolutionary platform, RunnerX, where fitness enthusiasts can converge and earn rewards through the AIR token.

RunnerX is a decentralized app (dApp) for runners, and marathoners can earn AIR tokens by walking, running, or participating in challenges. AIR Token, the governance token on RunnerX, offers participants rewards that bridge the gap between the physical and virtual worlds. With three distinct modes tailored to users’ preferences, RunnerX aims to incentivize physical activity while fostering a sense of community among its users. 

Commenting on the partnership Jay Chung, CEO of AIRian, stated,

Our mission is to bridge that gap with Web3, creating a more connected, rewarding, and decentralized running community.

Additionally, The Shib magazine sheds light on the Securities and Exchange Commission’s (SEC) delay in approving the Spot Ethereum Exchange-Traded Fund (ETF). Despite proposals from Wall Street giants like BlackRock and Fidelity, the SEC’s stance on the ETH ETF remains uncertain. However, industry experts remain optimistic about its potential approval by May 23.

Source: Coinglass

At the time of press, Shiba Inu (SHIB) experienced a 2.02% surge, trading at $0.00003362. According to recent data analysis, the volume of SHIB derivatives traded within a 24-hour period has shown a noteworthy increase, standing at $648.99 million. The coin’s derivatives data indicate an uptrend reflecting the community’s efforts to bolster SHIB tokenomics. With a nearly 253% increase in the past month, Shiba Inu reflects a bullish outlook amidst recent developments. Similarly, the total open interest in SHIB derivatives contracts has seen an uptrend, reaching $107.95 million with a corresponding increase of 7.69%.

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