Key Points:
Shibarium developer hints that Shiba Inu’s layer 2 solution, Shibarium, will launch as early as 2023.
The community speculated about it being done and just waiting for a chance to launch.
This protocol will support the deployment and development of native applications, including a GAS token called BONE.
One of the key developers behind the popular meme cryptocurrency Shiba Inu (SHIB) is hinting that the much-anticipated SHIB layer 2 blockchain release is near. Shibarium developer hints the network will likely launch as early as 2023.
Specifically, the developer nicknamed Shytoshi Kusama told his 864,000 Twitter followers that the Shibarium will be coming “very soon” but that it will not be launched during the New Year holiday.
Happy Holidays to more than half the . Wen Shibarium? Please know it will come very soon*, but not during a crucial time for people to spend with their family (or the resulting New Years party time). Enjoy these next days, next year is an important one for humanity.
— Shytoshi Kusama (@ShytoshiKusama) December 24, 2022
Some community members have speculated that this implies that the development of Shibarium is complete and is just waiting for the right time to roll out, or that it will hit the market early next year.
As the event is highly anticipated by the community, this is not the first time that the developers of Shibarium have hinted at its launch. Shibarium is a blockchain scaling solution that addresses the low transaction speeds of Shiba Inu’s Ethereum (ETH) server chain. Shibarium will also introduce new features, such as burning of SHIB tokens, which can increase the value of the meme crypto asset.
As was updated in previous Coincu News articles, in July Shiba developers are developing their own ecosystem second layer protocol, Shibarium announced this protocol will support implementation and develop native apps, including a GAS token called BONE. Shibarium is slated to utilize BONE, another token in the Shiba Inu ecosystem, for gas fees. BONE is the governance token of ShibaSwap, the native decentralized exchange (DEX) of the Shiba Inu project. BONE allows users to vote on upcoming proposals.
The team is building its own metaverse project with 100,000 pieces of land as virtual real estate and collectible card games that will be included in Shiba’s metaverse.
Competitor Dogecoin Ecosystem (DOGE) is also anticipating the release of its own metaverse.
Currently, SHIB is trading at $0.0000083 and ranks 15th among the most owned cryptocurrencies in the world.
24h SHIB price chart. Source: CoinMarketCap
Hopefully this broadcast will end with the launch of Shibarium so that the community is no longer anxious to wait.
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