Shiba Inu’s (SHIB) head developer Shytoshi Kusama tweeted the “invitation” for the official launch of Shibarium, accompanied by a blog post that reveals all it will include.
According to the blog post, Shiba Inu aims to become a powerful layer-2 blockchain. Shibarium will also allow users to launch genuine Shiba-branded physical products, allowing them to display product loyalty by selecting equivalent quality goods that focus on Shiba. Furthermore, anyone will now be able to create great platforms supervised and managed solely by the community— unaffiliated from the Shib Development Team.
“The only centralized aspect of Shibarium is a core system and corresponding interface that allows us to foster actual trust as we embark on this journey together in a previously trustless society and a series of Validators (and Delegators) that keep the system decentralized and operational.”
Shytoshi Kusama
The Shiba Inu developer emphasized the core values of Shibarium: burn, protect, help, and grow. Furthermore, Kusama also mentioned that every project within Shibarium will engage in burns— something numerous admirers have been waiting for.
Development delays impede Shibarium launch
The launch of Shibarium, Shiba Inu’s Layer-2 protocol, has been pushed back several times. Initially planned to be available by the end of 2022, it was put off until early 2023 due to delays in its development process. However, if all goes according to plan, we could see SHIB’s layer-2 deployed within a few months.
Kusama’s blog “invites” everyone to Shibarium without a specified launch date. Also, Kusama assures that the network will be available before May 2023. Nevertheless, since an invitation is here, the release must be imminent.
Following the announcement, SHIB saw a price increase on Thursday; the token rallied 8.1% in the last 24 hours. The current rally might be due to investors reacting to easing regulations and the massive inflows into the crypto market. The global market capitalization increased by 9% and is currently at $1.17 trillion. At the time of writing, the price of SHIB is $0.00001359.
