Meme-inspired cryptocurrency #Shiba Inu ( #SHIB ) has witnessed an unprecedented rise in burn rate with a staggering 7000 percent increase. This triggered a significant 10 percent increase in market value and price within a day.

As the SHIB community follows these developments with curiosity, lead developer Shytoshi Kusama recently revealed exciting future plans, including the release of Shibarium and the highly anticipated “Worldpaper.”

Shiba Inu burn rate on the rise

The burn rate currently stands at 6,936.88 percent, indicating a rapid reduction in token supply. A staggering $341,504,230 in SHIB tokens were burned in the past 24 hours.

This resulted in a significant increase in market value, which currently stands at $4,811,489,983, representing a 10 percent increase. In addition, the price of SHIB has also increased significantly, with its current value of $0.00000809 reflecting an increase of 8.53 percent. Coinmarketcap shows it is up as much as 22.24 percent in the last seven days.

Shytoshi Kusama, Shib's lead developer, shared an exciting update via a blog post. In the blog, Shytoshi mentions that a new project, Shibarium, is in the works. It is also expected that a surprise or two will be revealed before Shibarium's launch.

Future developments of SHIB

The highlight of the blog post is the mention of the upcoming "Worldpaper". Shytoshi describes it as a comprehensive document that will cover various aspects of the Shib ecosystem. It will cover the ecosystem's tokens, products, platforms and services, including Shib, Bone, Leash, Treat, Shhhhh-i and more.

Shytoshi states that Worldpaper differs from its predecessor Woofpaper in its focus:

“Changing (preferably saving) the WORLD through decentralization.”

It serves as the first part of a farewell note from Shytoshi, as their position will become redundant once multi-token governance is established, Ryoshi checklist items are completed (including Shibacon), and various initiatives such as Shiba Eternity Game, F&B, AI, Daos, and Shibarium are completed.

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