According to U.Today, Shiba Inu (SHIB) has recently partnered with K9 DAO, a significant step in advancing its network. K9 DAO has become a top validator for the digital currency project, focusing on the PuppyNet testnet. Initially starting as a meme coin, Shiba Inu has evolved over the past year into a closely monitored proof-of-stake (PoS) protocol. The project aims to revolutionize the smart contracts ecosystem on Ethereum through Shibarium.
K9 Finance DAO was onboarded by the project as one of its validators. The launch of a validator on PuppyNet is one of K9's initial efforts to actively contribute to Shiba Inu's security. PuppyNet serves as a testing ground for the Shibarium protocol, allowing developers to validate the functionality of updates, products, and any innovation they wish to implement on the mainnet.
The update shared indicates that running the validator is mutually beneficial for both Shiba Inu and K9 Finance DAO. While K9 will help maintain Shiba Inu's security, the large SHIB community will also provide increased visibility to the K9 project. K9 Finance will be able to distribute BONE rewards to KNINE holders, returning value to its native supporters.
Shiba Inu is considered a major project that has the potential to establish itself as a top 10 token. The project has maintained its building strategy and has formed strategic partnerships with Bad Idea AI to incorporate AI capabilities into the ecosystem. The protocol has also expanded its influence through a partnership with SBI VC Trade, a company promoting SHIB adoption through community-driven products and incentive products. However, as the ecosystem of partners grows, the community is warned to remain vigilant against scammers who might exploit the trend.