Key Highlights:
- This week, the layer 2 network’s beta version of the Shibarium blockchain is set to launch.
- The platform will put an emphasis on metaverse and gaming applications in addition to serving as a cheap settlement for decentralized applications (dapps) established on the network.
According to Shiba Inu creators, the Shibarium public beta platform will go live this week.
The layer-2 platform’s initial design was released in January of this year. The Shiba Inu ecosystem was seen as making a significant leap from being a simple meme coin to providing a mechanism for the SHIB community to access quicker and less expensive transactions, better scalability, and improved security. Shibarium is being built on top of the Ethereum network, according to the token’s backers.
The platform, which was first developed as a meme coin with a Shiba Inu motif during the previous bull market but has since worked to establish itself as a legitimate project with its own blockchain network and dapp ecosystem, may benefit from the launch because it will have solid foundations.
According to the platform’s creators, Shibarium will have a focus on metaverse and gaming applications in addition to being used as a cheap settlement for decentralized applications (dapps) built on the network, particularly as the non-fungible token (NFT) market is anticipated to heat up in the upcoming years.
About Shiba (SHIBA) Token
The Shiba Inu Ecosystem, a networked family of digital goods and services developed on the Ethereum blockchain, is housed in the Shiba Token (SHIB). Besides native SHIBOSHIs NFTs, its tokens also contain $SHIB, $LEASH, and $BONE. The ShibaSwap DEX and SHIB: The Metaverse are examples of SHIB solutions. One of the world’s top decentralized finance (DeFi) cryptocurrencies is SHIB, which has grown in popularity among millions of investors worldwide. It regularly ranks as Google’s third-most searched project and has 3.6 million Twitter followers. SHIB can now offer higher levels of innovation, security, and scalability thanks to the Shibarium Layer 2 blockchain.
