Shiba Inu (SHIB) is planning numerous launches. Shibarium, the project’s layer-2 network, is the most eagerly awaited of all. The project was scheduled to launch somewhere in Q3 of this year, however the team chose to postpone the release date because of difficulties in the development process.
Although investors have experienced a great deal of dread as a result of the bear market, developers have continued to create new applications. One such group developing Dapps for the Shibarium network of the Shiba Inu is PawZone. The group has created a blog to keep the neighborhood informed of its progress. PawZone is developing Pawzaar, an NFT marketplace for Shibarium.
We’ve already made a lot of progress, and we can’t wait to show you what we’ve been working on.
According to the Pawzone team, the Shiba Inu was created for a society without intermediaries and with the power to enact change. Shibarium will open doors to decentralized projects, increasing the use of the SHIB.
When will Shibarium be released by Shiba Inu?
The precise launch date has not yet been revealed. Lead developer Shytoshi Kusama, though, gave the community his word that the launch will happen quickly. Even Kusama modified the text of his Twitter bio to “focusing on Shibarium.” The community should therefore anticipate hearing an updated date very shortly.
Fans and investors of SHIB are hoping for a favorable response to the debut. Over this year, Shiba Inus have lost a lot of value. The project’s market valuation is now under $6 billion as well.
Along with the next layer 2, the SHIB team is also developing a stablecoin called Shi and a new incentive token called TREAT. Again, no release date has been announced for any currency. SHIB is also putting effort into its SHIB: The Metaverse metaverse endeavor. The development team often releases concept art for the virtual environment.
SHIB was trading at $0.00000915 at the time of publication, down 1.8% at press time.