Shiba Inu (SHIB) Ecosystem lead developer Shytoshi Kusama is fully focused on Shibarium, as he proudly announces in his Twitter resume. On Wednesday night, the mysterious programmer announced something the SHIB army had been waiting for a long time. “The initial design has been approved,” Mr. Kusama confirms, also noting that now is the time to “double up”. In the end, the shiparium is summed up as “an outpouring of kindness and truth washes over the world.”
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Preliminary design approved. Now I can double. Let the wreck manifest itself as kindness and truth flow throughout the world.
— Shitoshi Kusama (@ShytoshiKusama) November 16, 2022
Cheparium is still in test mode
At this point, the SHIB developer team is working on testing Shibarium. The Layer-2 solution was first piloted on Shiba Eternity, the collectible card game that launched on October 6, 2022. Shytoshi Kusama recently penned the official 1,100-page player’s guide for Shiba Eternity. Although a blockchain version of the extremely popular card game has yet to be released, the mobile version is laying the groundwork for upcoming Shiboshi NFTs.
On the other hand, Shibarium isn’t the only project by the SHIB developer team that’s on hold. Memecoin’s Web 3.0 project, SHIB: The Metaverse, is also progressing in partnership with The Third Floor (TTF). While Shiba Eternity is being developed by PlaySide Studios, the Layer-2 upgrade that supports all three upcoming projects for SHIB is in development in partnership with xFund.
Breaking: #Shibarium relies on $xFUND for #Shibaswap, #Shiboshis, #ShibEternity, #ShibTheMetaverse, and #WellyFriends to operate.
— LORD GAUDY (@lordgaudy) November 16, 2022
Bears can’t leave a grizzly bear alone
At the time of publication, SHIB is trading at $0.00000906, according to Queen Gekko. SHIB’s daily downtrend is mostly due to the shrinking market cap, which is also evident in the downward slide in the cryptocurrency charts.
Last week’s rebound put the popular memecoin 4% higher than the SHIB price seven days ago, however, the market price still had to deal with a monthly deficit of 13%. This is due to the fact that SHIB’s total market capitalization has fallen from $8.6 billion on October 29, 2022 to just $5.33 billion today.
#SHIBARIUM WILL BE OPTIMIZED FOR LARGE GAMING AND TRANSACTIONS WITH LOW FEES We are at the dawn of the metaverse era where online gaming and sales in a virtual reality environment will be the norm, #SHIBARIUM will be the leader of this new era. No brainer pic.twitter.com/wJYIfySd3m
— Shiparmi Canada (@Dezaxe) November 17, 2022
on the flip side
- Despite continued encouragement to burn (SHIB), the burn rate has dropped by as much as 99% since yesterday.
- There is no release timeline for Shibarium or SHIB: The Metaverse.
Why should you bother
Shiba Inu (SHIB) is a two-year-old memecoin project that is slowly becoming a self-sustaining ecosystem. The success of a dog-themed coin could greatly accelerate cryptocurrency adoption.
Find out what’s happening in the ever-changing world of memecoins:
Shiba Inu (SHIB) unveils the Tech Trench HUB for SHIB: The Metaverse
Twitter Portfolio Advancement: When Will Elon Musk (DOGE) Merge?