In addition to launching Shibarium in August after the blockchain conference, Shiba Inu may provide further information on ecosystem projects.
The long-awaited Shibarium Layer 2 (L2) blockchain will likely go live in August. Shiba Inu lead developer Shaitoshi Kusama has revealed the upcoming release in the following article: blog post Published Thursday, Sivarium said it would be unveiled after a scheduled conference in Toronto.
In a blog post, Kusama revealed some other plans for the conference.
“The completed Worldpaper will be on display, all Shib branded projects will be published, and Treat will be published in detail for the first time.
Members of the Shiba Inu community are now expecting Shibarium to be unveiled at the Blockchain Futurist Conference in Toronto in August. Shiba Inu may also introduce DoggyDAO, a Decentralized Autonomous Organization (DAO) managed by SHIB holders. DoggyDAO is used to fund the Shibarium project.
Shiba Inu has been working on Shibarium for several months and launched a testnet for the L2 platform called PuppyNet on March 11, 2023. PuppyNet allows anyone to develop and deploy dApps (decentralized applications) for a variety of uses. Also, users can integrate her PuppyNet into their business for several functions such as a cryptocurrency payment processor and a decentralized governance module.
As of June 11, PuppyNet had over 20 million total transactions, with an average block time of 5 seconds across over 16.7 million wallet addresses. Public participation in the testnet indicates significant demand for the L2 network and indicates that Shibarium may be accepted. This could also drive up the price of Shibarium’s native tokens, BONE and SHIB.
Shibarium August release, etc. Shiba Inu plan
Information about Shibarium is the most anticipated, but the Shiba Inu team has other plans for the Blockchain Miraijin conference in August. The team will be showing his SHIB community multiple presentations and demonstrations on several other projects in the ecosystem. There will also be discussions about the future of Shiba Inu and feedback from the community. Attendees will enjoy reveals, showcases, and additional information on several Shiba Inu projects, including Shiboshis, Shiba Eternity, Shibacals, and SHIB: The Metaverse.
Shiba Inu recently announced Shibacals, a project that links non-fungible tokens (NFTs) to real-world assets to better verify authenticity and ownership. Kusama explained that the Shibacals project will use NFC chips to digitally authenticate real-world goods. At the time of purchase, users can verify these tags on the blockchain to ensure the purchase is genuine and not a duplicate copy. SHIB jumped 11% after the announcement.
In April, the developers of Shiba Inu revealed that the ecosystem’s metaverse launch date is December. The developer called this a “partial” release and specified that the metaverse may not be complete at the time of release. However, they promised that it was an “ongoing project” and that improvements would be made continuously after launch.
SHIB: Metaverse allows users to build 100,595 parcels of land, allowing landlords to earn passive income and accumulate resources. Users can also create avatars and enjoy the Metaverse her economy, which supports easy interaction with other users and more earning opportunities.
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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to explain the cryptocurrency story down to the basics so that anyone, anywhere can understand it without a lot of background knowledge. When not digging into cryptocurrencies, Tolu enjoys music, loves to sing, and is an avid movie buff.
