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The meme creator is pushing an ambitious plan to create a up-to-date American metropolis like Silicon Valley, intended exclusively for the blockchain industry. Shiba Inu creator Shytoshi Kusama is urging the Trump administration to consider the idea of creating a center dedicated to blockchain innovators and entrepreneurs.
Shiba Inu City: an ambitious plan
In the post, Kusama presents his bold proposal to create a blockchain version of Silicon Valley to enable the development of a blockchain ecosystem.
Kusama named the up-to-date city Strategic Blockchain Innovation Center (SHIB), which he says is consistent with Trump’s vision of establishing up-to-date American cities focused on technology.
Well, you could look at it. I guess my SHIB suggestion was ahead of its time… BY LITER THAN A WEEK. ICYMI https://t.co/pjUBcjgZJ3
Thread🧵 https://t.co/p8wRKhxThh— Shytoshi Kusama™ (@ShytoshiKusama) November 9, 2024
In 2023, Trump announced that after being elected president of the United States, he would build 10 cities on federal land. He said they would be called “freedom cities.” He indicated that these up-to-date American cities would provide the country with a “new American future” after he believed the nation had “lost its boldness.”
When Trump won the US elections, the creator of the Shiba Inu saw it as a perfect opportunity to promote his proposed blockchain center.
Profitable
Kusama agrees that transforming one of America’s cities and making it a transportation hub blockchain the industry would be high-priced in the miniature term.
The meme coin creator said the creation of SHIB would cost the U.S. government approximately $1.3 billion to $2.35 billion and would take five to 10 years to build.
However, he noticed that Trump the administration should not focus on short-term spending but on the long-term economic and geopolitical benefits it will bring to the country.
He said SHIB’s performance will offset the costs of its construction, explaining that within one to two years he anticipates the blockchain center will create 5,000 jobs.
The cryptocurrency creator added that the project could bring about $500 million to the local economy. It would also attract over 100 blockchain startups to launch operations at the center.
Kusama said:
“By leveraging the transformative potential of blockchain, the SHIB initiative aims to drive economic growth, create high-quality jobs, advance national security and enhance U.S. leadership in emerging technologies.”
Strategic investment
Kusama sees SHIB as a transformational project for the country, saying it is a step that will enable the United States to gain a strategic advantage in blockchain technology.
He predicted that the hub would become a self-sustaining ecosystem that could contribute more than $5 billion a year to the U.S. economy, adding that it would also bring in $500 million a year in tax revenue.
The cryptocurrency market reacted positively to the plan, pushing the SHIB price to USD 0.00002727 – 23% boost in 24 hours.
Kusama believes the project is a “strategic investment” necessary for the country’s future as the proposal would generate significant economic returns and make the country a leader in blockchain technology.
“With the support of the President, we can embark on this transformational journey, ensuring prosperity and security for future generations,” he concluded.
Featured image from MDogsW, chart from TradingView
