Shiba Inu has emerged as one of the most prominent meme coins. What made the meme coin exceptional among the lot were the various developments and projects. The Shiba Inu team launched several projects in 2022, including the Shiba Eternity game and the SHIB metaverse.
However, one of the most prominent and much-awaited launches was Shibarium. Even though it was initially set to be launched in 2022, it dragged on for various reasons. Perhaps Shytoshi Kusama, the lead developer of Shiba Inu, has brought some good news to the SHIB community.
Related articles
Source: Bank of England to Place Silicon Valley Bank UK into Insolvency Procedure
According to the details from Kusama’s recent blog post, the Shibarium public beta is now live.
Shibarium public beta is now live
Kusama mentions Shibarium as an opportunity that can change the outdated systems and methods of control that are harming the Shiba Inu community. The decentralized L2 network called Shibarium is beginning its early beta test.
The early beta test is called PUPPYNET and will allow anyone to build dApps, integrate into IRL businesses, and power projects with it. The community can access the beta from the official website.
Also read: Elon Musk is Open to Silicon Valley Bank Acquisition: The Next Big Move?
Also read: Here’s How Circle USDC’s Relationship with Silicon Valley Bank Led to the Current Chaos
Kusama also highlighted a few key points to remember before beginning the whole beta process. Shibarium is expected to ramp up the burn process, and Kusama mentioned that SHIB burns will primarily depend on the transactions in the network.
Shiba Inu’s lead developer also urged users to DYOR and warned that all tokens on PUPPYNET are not real. The price of Shiba Inu hasn’t been significantly affected following the announcement. The meme coin is up by 0.94% and is trading at 0.00001026 at press time.
Credit: Source link
