What the heck is Shiba Inu?
For an answer to that question, the Motley Fool turned to Darren Abrams, co-founder and managing director of Aus Merchant Investments.
Abrams told us:
The Shiba Inu coin was launched in August 2020 with a “woof paper”, a tongue-in-cheek variation of the traditional white paper. Shiba Inu’s pseudonymous founder Ryoshi created the coin to foster an entirely community-run and decentralised ecosystem. It is as an Ethereum-based ERC-20 token.