The team behind the Shiba Inu memecoin, the 13th largest cryptocurrency by market cap, is preparing to launch a decentralized autonomous organization (DAO). In an Aug. 25 post to X, Shiba Inu’s (SHIB) pseudonymous marketing lead Lucie shared that the Shiba Inu team would launch a DAO, allowing holders of the memecoin to vote on future initiatives and have a say in the future direction of the project. “Shib is preparing to become a key player in decentralized governance with the upcoming launch of its DAO. This transition will empower every holder, regardless of the size of their stake, to have…