Shiba Inu announced a new expansion to its ecosystem titled the ‘Dog Park’ and it would take shape of ShibaSwap 2.0. The development is designed to legitimize third-party community products in the SHIB universe.
Shytoshi Kusama announced the Dog Park in his latest Medium blog post and covered a range of topics. The topics include the introduction of Dog Park, and spoke about Robinhood listing speculations along with CoinMarketCap’s SHIB circulating supply.
Shiba Inu: The Dog Park
The founder made it clear that the Dog Park is not an actual dog park in the metaverse. It would operate as “a token or business outside of our core, but still part of our larger ecosystem.”
The Dog Park will work as a redesigned and have an upgraded Sniff Score named the The ShibaSniff . Previously, ShibaSniff Score gave ratings to tokens entering the Shiba ecosystem as a Woofable pair. However, things will change now and operate as ShibaSniff Score from 0 to 100, with 100 being a perfect rating.
In addition, the core SHIB elements such as Shiba Swap and the upcoming Shibarium Layer-2 will make up the ecosystem. Those running Shibarium, would form and be a part of the Dog Park.
Shytoshi hinted Steven Cooper’s Bigger Entertainment ‘Burner playlist’, Empress Princess Butterfly NFTs could play a part in the Dog Park.
The Shiba Inu ecosystem has expanded in 2021 with Shiboshi NFTs and Shiba Swap playing a major role. The coin is trying to shed the ‘meme-token’ tag by brining in newfound utility and use-cases on the table.
”So while things like Shibarium and ShibaSwap are part of our Shiba Ecosystem, things that RUN ON SHIBARIUM will be part of this greater Dog Park. This is all part of our reorganization as we work on Shibarium and a refresh for ShibaSwap we call ShibaSwap 2.0. More details as we begin to show what SHIB is going to be in our next iteration,” the blog read.
The Supply of SHIB
Shytoshi wrote about the supply of Shiba Inu and stated that it was designed to remain static and not burn. ”There is no inherent burn mechanism such as you’d find in other “reflect” tokens. While for some this may seem to be a disadvantage, it instead gives the option to burn tokens using Utility. The supply of Shib was designed to remain static and not burn.”
Shiba Inu at the time of publishing was trading at $0.00004388 and is down -5.93% in the days trade. The coin is still displaying bullish sentiments and could propel in the coming weeks.