During its initial days, Shiba Inu was mocked for being launched as a rival-meme coin to Dogecoin. With time and delivering consistent progress, it managed to garner the “Doge-killer” tag.
Even though Dogecoin continues to remain the captain of the meme-coin ship, it has lost its luster of late. The development activity continues to hover around at yearly lows. With no new updates, upgrades, or launches, the token and its ecosystem have gradually been losing utility. In fact, the Dogefather Musk has also not been able to do much to strengthen its fundamental legs.
On the other hand, Shiba Inu has been consistently progressing. The team behind the project has been delivering and new elements are frequently being introduced into the ecosystem.
The community’s lead developer Shytoshi Kusama has always kept the community informed about the updates in the pipeline. The project launched its own DEX last year. And then in January this year, it stepped into the metaverse. A few months down the line, the land minting also went live.
What’s in store next?
Currently, Shiba Inu’s layer-2 solution Shibarium is in the works and is expected to make its debut in Q3 of 2022. Quite recently, the Shiba Inu developer affirmed that everything was on track, without revealing a launch date for the Public Beta.
Parallelly, a group of developers has submitted a version of Shiba Inu’s native stablecoin, SHI. The same intends to combat the issues found in other algorithmic stablecoin projects. Additionally, SHI would be employed to counter as well as balance payments without market fluctuations. Kusama affirmed that SHI is on track to be released this year.
The developers have also been “quietly” designing a brand new reward token called TREAT. Unlike other Shiba Inu tokens, TREAT would entail a limited supply. Additionally, TREAT’s use case would not be limited to Shibarium alone. It would also be used to provide balance to SHI as well.
Alongside, a Shiba Inu card game is also being developed. Both Playside, as well as Shiba Games, will soon start testing and prepping for the launch of the project.
Yet, everything hasn’t been smooth-sailing for Shiba Inu. The developer revealed in his recent blog post that the metaverse tangents are being developed slower than expected. Well, hiccups are a part and parcel of the building process. As long as there is consistent progress being made without developers abandoning it, there’s not much to worry about.
Shiba Inu to rule in its own empire
Factoring in all the launches and sub-projects being developed, it becomes quite evident that Shiba Inu is building a wholistic, self-sustainable empire for itself. Going forward, users needn’t peek outside because everybody’s base—right from investors and gamers to DeFi and tech enthusiasts—has been covered. By doing all this, Shiba Inu is also checking the decentralized box simultaneously.
As pointed out in the latest blog post by Kusama,
“… the plan laid out by Ryoshi, our founder, is a strong one that will outlast most issues as it is rooted in true ethical prospects of giving power to “the people” and doing so with decentralized technologies and IRL projects.”
Read More: Shiba Inu: Shibarium, SHI & TREAT? Shytoshi releases huge updates