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Shiba Inu Set to Roll Out Four Major Projects in Coming Days; Here's What's New

Wed, 04/06/2022 - 10:23
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Tomiwabold Olajide
Shiba Inu's Layer 2 solution has been under development for quite some time
Shiba Inu Set to Roll Out Four Major Projects in Coming Days; Here's What's New
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In recent updates shared by Shiba Inu developer Shytoshi Kusama, SHIB: The Metaverse lands might become available ''really soon.'' Shibarium, Shiba Inu's Layer 2 solution, has been under development for quite some time. However, one of the developers, @kaaldhairya, stated that the Layer 2 solution is moving to the next phase of development.

Shibarium, the Layer 2 on which SHIB: The Metaverse will be developed is reportedly in the Alpha phase and might soon be shifting into the Beta phase. Apart from that, the Shiba Inu dev provided insight into other developments. Shiba Inu earlier teased a year full of more surprises, as previously reported by U.Today.

Among which is SHI, the Shiba Ecosystem stablecoin that aims to open new investment opportunities through the system Shib is currently developing. Recent updates indicate that the burn portal was nearing its final stages. Shiba Inu stated earlier this year that it is getting ready to create its own "burn portal"; SHIB tokens will be burned and removed from circulation daily by the platform. The development will raise demand and create scarcity in the market, setting the pace for long-term price growth.

According to @shibainuart, ''The SHIB Burn portal is entering final stages, as well as it will have rewards earning abilities.'' Other updates shared by @shibainuart pertain to ShibaSwap and SHI: ''ShibaSwap V2 is being constructed with new opportunities to earn, and a new UX and UI design. Also, SHI (SHI) is confirmed to be in development.''

Shiba Inu recently unveiled its Metaverse, which will consist of 100,595 land plots. The plots will be unlocked in phases. During the introductory phase, the team will unlock 36,431 plots, which will be divided into four tiers ("Silver Fur," "Gold Tail," "Platinum Paw" and "Diamond Teeth"). Prices range from 0.2 ETH to 1 ETH, depending on the tier, as the team maintains that it wanted to pick a neutral token for pricing.

SHIB trades at $0.00002614 and is ranked the 15th largest cryptocurrency by market capitalization per CoinMarketCap data.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.