Shiba Inu has a lot of developments up its sleeve this year. The upcoming developments include the full release of SHIB: The Metaverse, Shibarium, PlaySide Games, and a play-2-earn blockchain game. In addition, SHIB is in collaboration with John Richmond clothing line, plans to expand Welly’s fast-food joint, and much more.
SHIB: The Metaverse opened a 3-day ‘land sale event’ last week, and only Leash holders were given priority access to view, bid, and purchase lands. However, the team faced severe criticism for favoring native tokens in the ecosystem and not giving importance to Shiba Inu. Additionally, the community was unhappy with the fact that lands needed to be purchased using Ethereum and not SHIB.
The lead developer of ShibaSwap, Shytoshi Kusama spoke exclusively to Watcher Guru and confirmed that all upcoming developments will revolve around Shiba Inu.
“The current misconception is that somehow the projects we have been working on has nothing to do with Shiba Inu. But nothing can be further from the truth. We are working towards taking over various industries and they will directly contribute to SHIB or help the ecosystem,” said Shytoshi.
The “various industries” include food, fashion, and the gaming sector with Welly’s, John Richmond and PlaySide, P-2-E games, respectively.
Shytoshi confirmed that all the industries will integrate Shiba Inu into their mechanism and put the token to work. Therefore, it would increase Shiba Inu’s use case in the market and have continuous utility in the long run.
“All our pre-Shibarium releases will directly contribute to Shiba Inu,” confirmed Shytoshi.
Nonetheless, Shytoshi did not confirm a tentative release date for the upcoming developments. Reading between the lines, the upcoming developments might be the first to be fully operational and Shibarium could be released post that.
Shiba Inu: The Path Forward
The SHIB team had previously announced they are working on an in-built ‘burn portal’ that directly contributes to ‘burning’ tokens. The portal might be integrated within Shibarium and could charge a small fee for the transaction. The transaction fee could then be used to ‘burn’ the tokens and remove them out of circulation and send it to a dead wallet.
Read More: Jack Dorsey Replies to Robinhood’s Tweet on Shiba Inu Listing
SHIB’s Discord moderator Queenie tweeted a hypothetical calculation on how many tokens can be ‘burned’ every year. Around 111 trillion SHIB tokens can be ‘burned’ and removed out of circulation, as per her hypothetical estimation. You can read her hypothetical figures here.
At press time, Shiba Inu was trading at $0.00002439 and is down -2.94% in the 24-hours day trade. However, the token is up +1791.6% since the last 365-trading days and made early investors reap handsome profits. Read here on how a truck driver made millions by investing a mere $650 in SHIB during its initial days.