The team behind Shiba Inu Memecoin has decided to expand the availability of its underlying technology so that more Web3 projects can receive its support and more of its tokens are in circulation. In the coming days, the developers of SHIB Coin will release a layer-2 Shiberium network on the Ethereum mainnet that supports the SHIB ecosystem as a mother blockchain. The development has generated excitement among the members of the SHIB community.
Layer-2 Blockchain The networks act as secondary platforms that are built upon the main blockchain. These networks aim to increase the scalability of the main blockchain by supporting a wide range of customized dapps and protocols, while maintaining the same security standards offered by the original series.
“We are giving the final touches to the beta of Shiberium and its imminent launch. Shiberium’s layer-2 blockchain protocol can serve various industry sectors such as Metaverse, Web3 Innovation and Gaming.” Told Official blog post from the makers of Shiba Inu.
The announcement has drawn a barrage of reactions from members of the Shiba Inu community.
In light of this development, according to Gadgets360’s, SHIB token has gained 4.80 percent to touch a value of $0.000010 (roughly Rs. 0.000854). crypto price tracker,
“Patience is important, and some people see Shiberium as a value pumping tool, but it is not and never has been the focus of the project. Shiberium is being built for fulfillment Ryoshi’s vision and provide the community with a tool to create and grow the project on their own terms,” the blog continued. Ryoshi is the anonymous founder of Shiba Inu.
In October last year, Shiba Inu developers decided to enter the Metaverse arena. shiba inu metaverseCurrently codenamed Shibbers, there will be a real estate metaverse project where people will be able to purchase digital plots of Shiba Lands and create their own virtual identities alongside the game.