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- According to Shytoshi Kusama, the lead Shiba Inu developer, the highly anticipated Shibarium blockchain is set to go live in August.
- All Shiba Inu projects will be built on the Shibarium network once launched.
The long anticipated Shibarium blockchain is set to be launched in a few months. According to Shytoshi Kusama, the blockchain will launch after an upcoming conference in Toronto. The BLOCKCHAIN FUTURIST CONFERENCE will be sponsored by Shiba Inu, along with Eth Toronto and Eth Women conference.
The conference is a strategic move for the Shiba Inu ecosystem. It places the network in line with leading exchanges, and major crypto projects. It also strengthens the network’s position as a key player in the cryptocurrency industry.
At present, Shiba Inu already has a DAO made up of holders of tokens in the ecosystem. SHIB DOGGY DAO FOUNDATION is the network’s way of communicating Shiba Inu’s relevance, beyond the scope of a typical memecoin. A handful of projects in this area have also gained significant funding. As such, Shiba Inu intends to mirror their footsteps with the introduction of this foundation. The blog post read:
Governance is an important part of any permanent autonomous international organization. So Doggy Dao is the next interesting announcement to be found in the basics section of this Worldpaper. To ensure that the DAO gives an equal voice to all members of the Shib community, the system-wide governance will be split into four, one for each core token in the Shiba Inu ecosystem.
Shiba Inu’s price could benefit from Shibarium’s rollout
Kusama further explained that the process will take some time. He noted that DAO is a complex topic that deserves its own discussion in the Wordpaper at a later time.
At the location of the conference, the completed Worldpaper will be exhibited. In addition, all Shib-branded projects will be fully detailed and published. Conclusively, the discussion and release of the long-awaited L2 Shibarium will be addressed.
It is worth noting that every project on the Shiba Inu network is in unison with Shibarium, as they have all indicated their willingness to build with Shibarium Tech.
The price of Shiba Inu (SHIB) can surge to new levels once Shibarium goes live. The memecoin has the potential to benefit from investors and major key players interested in adopting the Shibarium network.
However, at the time of this report, Shiba Inu, like many other altcoins, is trading in the red zone. The memecoin closed the week at a low, after losing a significant portion of its price value.
At report time, Shiba Inu holds the position as the second most valued memecoin by market cap, right behind Dogecoin (DOGE), which currently holds the first position. According to our data, Shiba Inu has declined by 0.22% in the last hour, to now trade at a price of $0.000007614.
