Shiba Inu (SHIB) lead developer Shytoshi Kusama has tweeted the “invitation” for the highly anticipated Shibarium launch. Kusama coupled the invitation with a blog that details what all Shibarium will encompass.
According to Kusama’s blog, Shibarium will go beyond being a layer-2 network. Shibarium will also allow users to launch real-life Shiba-branded physical products. Users can also “exercise product loyalty by choosing quality-equivalent Shiba-oriented goods.” Additionally, anyone can create original platforms that are run by the community and are unrelated to the Shib Development Team. The blog states that,
“The only centralized aspect of Shibarium is a core system and corresponding interface that allows us to foster actual trust as we embark on this journey together in a previously trustless society. and a series of Validators (and Delegators) that keep the system decentralized and operational.”
Furthermore, the Shiba Inu (SHIB) developer mentions the common values of Shibarium, which are burn, protect, help, and grow. Kusama has confirmed that every project on Shibarium will participate in burns. This is one aspect many fans have been looking forward to.
When will Shiba Inu’s Shibarium launch?
Shiba Inu’s Shibarium has gone through many delays thus far. The project was supposed to be released in Q4 of 2022. However, it was postponed to early 2023 due to development delays. Now it seems that we might see SHIB’s layer-2 in a few months, if not earlier.
Although Kusama’s blog “invites” everyone to Shibarium, unfortunately, it does not mention a launch date. Nonetheless, Kusama did say that the network will be released before May 2023. But that being said, if the invite is here, the launch must be very near.
On the price side, SHIB saw a significant spike in its price on Thursday. The token has rallied 8.1% in the last 24 hours. This comes amid massive inflows into the cryptocurrency market after a moment of regulatory fears. The current rally might be running on the back of investors reacting to easing regulations. The global crypto market cap jumped 9%, currently at $1.17 trillion.
At press time, SHIB was trading at $0.00001383, up by 0.3% in the last seven days.