A visionary meme coin developer is advocating for the creation of a groundbreaking American city dedicated entirely to the blockchain industry. Shytoshi Kusama, the creator behind the popular Shiba Inu coin, is encouraging the Trump administration to explore the possibility of establishing a hub exclusively for blockchain innovators and entrepreneurs.
The Vision Behind Shiba Inu City
In a compelling proposal, Kusama introduces the concept of a blockchain-centric metropolis akin to Silicon Valley, providing a thriving ecosystem for blockchain technology to flourish. Dubbed the Strategic Hub for Innovation in Blockchain (S.H.I.B), this initiative aligns with Donald Trump’s vision of building new, technology-focused American cities.
The proposal has been timely, especially following Trump’s announcement in 2023, where he envisioned the creation of 10 “freedom cities” on federal land. These cities are intended to usher in a “new American future” at a time when, according to Trump, the nation has lost its boldness. With Trump’s electoral success, Kusama sees an opportune moment to advance his blockchain hub proposal.
The Cost and Economic Impact
While Kusama acknowledges that transforming one of these cities into a blockchain hub might be costly initially, he emphasizes the long-term economic and geopolitical benefits. The estimated cost to establish S.H.I.B ranges from $1.3 billion to $2.35 billion, taking approximately five to ten years to complete.
However, the expected outcomes could significantly outweigh these initial expenses. Kusama predicts that the hub could generate around 5,000 jobs within a couple of years, injecting $500 million into the local economy and attracting over 100 blockchain startups to set up shop.
Long-Term Benefits and Vision
By capitalizing on blockchain’s transformative potential, Kusama envisions this initiative as a catalyst for economic growth, job creation, and enhanced national security. Moreover, it could fortify the United States’ leadership in emerging technologies.
A Strategic Investment for the Future
Kusama regards S.H.I.B as a transformational project that could secure a strategic edge for the United States in blockchain technology. He anticipates that the hub would evolve into a self-sustaining ecosystem, contributing over $5 billion to the US economy annually and generating $500 million in tax revenue each year.
The crypto market has positively responded to the proposal, with SHIB’s price surging by 23% to reach $0.00002727 in just 24 hours. Kusama asserts that this project is a strategic investment vital for the nation’s future, promising substantial economic returns and positioning the US as a leader in blockchain innovation.
Concluding his proposal, Kusama stressed the importance of presidential support to embark on this transformative journey, ensuring prosperity and security for future generations.
