- Shiba Inu lead developer confirms August as the official launch date of the highly anticipated Shibarium.
- The team endeavors to build a leaderless, 100 percent decentralized, autonomous, persistent community.
As previously predicted, Shiba Inu’s Shibarium is launching in August. This was confirmed by the lead developer Shytoshi Kusama in a recent blog post. The highly anticipated launch will happen during the upcoming Blockchain Futurist Conference in Toronto, scheduled for the coming month.
Together with the official hackathons, ETHToronto and ETHWomen, Shiba In ecosystem will be the title sponsor for the upcoming Blockchain Futurist Conference. This symbolizes its strength and position as a leading player in the cryptocurrency industry.
In addition to the launch of the Layer 2 blockchain, the Shiba Inu ecosystem’s world paper, new Shiba Inu projects, the introduction of the Shib Doggy DAO Foundation, and detailed information about the Treat token will be presented at the conference. The upcoming launch will be a significant step for Shiba Inu as it looks to break out of its meme coin status to become a fully functional ecosystem.
By posing the question “Is it possible to build a leaderless, 100% decentralized, autonomous, persistent community?” Kusama has revealed his ambition to create a more decentralized and long-lasting Shiba Inu community. The first and most critical step comes with the launch of Shibarium. The new network will transform the project into a comprehensive network encompassing decentralized exchange (DEX), a metaverse, and blockchain games, such as Shiba Eternity. Furthermore, its governance and innovation will be in the hands of the SHIB community.
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.
Kusama is set to attend the event virtually and deliver a virtual keynote speech, sharing insights into the vision and objectives of Shibarium.
Shibarium launch to boost Shiba Inu (SHIB) prices
Although the official confirmation has little price reaction, the Shibarium launch, now slotted for less than a month to come, will be a monumental event. For starters, it will attract developers and users, boosting the ecosystem’s adoption. Furthermore, Shibarium will boost SHIB burns which will drive supply down and demand higher. Increased demand, will boost SHIB prices in both the short term and long term.
At the time of press, SHIB is trading for $0.000007547 after a 2 percent drop in the last 24 hours. Investors hope that the upcoming launch will initiate a bullish phase with the token targeting its all-time high of $0.00008845 reached 2 years ago.
