In addition to launching Shibarium in August after the blockchain conference, Shiba Inu would likely provide more information on ecosystem projects.
The long-awaited Shibarium layer 2 (L2) blockchain will likely go live in August. Shiba Inu lead developer Shytoshi Kusama revealed the upcoming launch in a blog post published on Thursday, stating that Shibarium would go public after a scheduled conference in Toronto.
In the blog post, Kusama revealed a few other plans for the conference:
“The completed Worldpaper will be exhibited, all Shib branded projects will be published and Treat will be published in detail for the first time. In addition, it is very likely that we will also discuss and release the long-awaited L2 Shibarium.”
Members of the Shiba Inu community now expect a Shibarium launch at the Blockchain Futurist Conference in Toronto in August. Shiba Inu may also introduce DoggyDAO, a decentralized autonomous organization (DAO) controlled by SHIB holders. DoggyDAO would be used to fund Shibarium projects.
Shiba Inu has been working on Shibarium for several months, launching a testnet for the L2 platform called PuppyNet, on March 11, 2023. PuppyNet allows anyone to develop and deploy dApps (decentralized applications) for different uses. Also, users can integrate PuppyNet into their businesses for several functions, including a crypto payments processor, or a decentralized governance module.
As of June 11, PuppyNet’s total number of transactions crossed 20 million with an average block time of 5 seconds across more than 16.7 million wallet addresses. Public participation on the testnet indicates Shibarium’s potential acceptance as it points to significant demand for the L2 network. This could also potentially spike the prices of BONE and SHIB, Shibarium’s native tokens.
Shibarium August Launch and Other Shiba Inu Plans
Although information about Shibarium is the most anticipated, the Shiba Inu team has other plans for the Blockchain Futurist Conference in August. The team plans to show the SHIB community multiple presentations and demonstrations about several other projects from the ecosystem. There will also be discussions and expected feedback from the community about the future of Shiba Inu. Attendees will enjoy unveilings, showcases, and added information on several Shiba Inu projects, including Shiboshis, Shiba Eternity, Shibacals, and SHIB: The Metaverse.
Shiba Inu recently announced Shibacals, a project that links non-fungible tokens (NFTs) to real-world assets to better confirm authenticity and ownership. Kusama explained that the Shibacals project will digitally authenticate real-world goods using NFC chips. At the point of purchase, users can verify these tags on a blockchain to ensure purchases are for authentic products and not reproduced copies. In response to the announcement, SHIB jumped 11%.
In April, Shiba Inu developers revealed a December launch date for the ecosystem’s metaverse. Calling it a “partial” release, the developers specified that the metaverse may not be complete at the release. However, they promised its an “ongoing project”, with continuous improvements even after launch.
SHIB: The Metaverse will allow users to mint 100,595 plots of land where landowners can earn passive income and accumulate resources. Users can also create avatars and enjoy a metaverse economy that supports easy interaction with others, as well as more earning opportunities.