According to recent updates given by Shiba Inu developer Shytoshi Kusama, SHIB: The Metaverse territories may be released “very soon”. Shibarium, Shiba Inu’s Layer 2 solution, has been in the works for a while now. According to one of the developers, @kaaldhairya, the Layer 2 solution is going to the next stage of development.
The #SHIB MV is coming #SHIBARMY! Lands are becoming available really soon and you can get in early by locking your $LEASH or SHIBOSHIS at https://t.co/klp5m8DaQL. (Wonder if you'll end up near my land?) 🤔
— Shytoshi Kusama™ (@ShytoshiKusama) April 5, 2022
Shibarium, the Layer 2 on which SHIB: The Metaverse will be built, is now in the Alpha phase and is expected to enter the Beta phase soon. Aside from that, the Shiba Inu developer offered information about other happenings. Shiba Inu teased a year full of additional surprises.
I promise you, I am working on
1. SHIBARIUM – In Alpha, will move to Beta soon
2. SHI – In development, vote for your favorite collateral
3. SHIBASWAP V2 – New ways to earn
4. MV land sale event-soon
5. Burn portal – Earn rewards
6. Many other projects I can't disclose— ShibDev4Evr (@kaaldhairya) April 5, 2022
SHI, the Shiba Ecosystem stablecoin, is one of them, with the goal of expanding investment opportunities through the infrastructure Shib is currently constructing. According to recent upgrades, the burn gateway is approaching completion. Shiba Inu said earlier this year that it is preparing to launch its own “burn gateway,” via which SHIB tokens would be burnt and removed from circulation on a daily basis. The development will increase market demand while also creating scarcity, laying the stage for long-term price increases.
“The SHIB Burn gateway is approaching final phases, and it will have rewards earning powers,” says @shibainuart.
From the dev @kaaldhairya: SHI (#SHI) is confirmed to be in development.
— MILKSHAKE (@shibainuart) April 5, 2022
Other ShibaSwap and SHI updates posted by @shibainuart include: “ShibaSwap V2 is being built with additional earning potential and a fresh UX and UI design.” SHI (SHI) is also confirmed to be in the works.”
#ShibaSwap V2 is being constructed with new opportunities to earn, and a new UX and UI design.
— MILKSHAKE (@shibainuart) April 5, 2022
Shiba Inu recently announced the creation of its Metaverse, which would include 100,595 land parcels. In stages, the plots will be opened. During the first phase, the team will have access to 36,431 plots separated into four tiers (“Silver Fur,” “Gold Tail,” “Platinum Paw” and “Diamond Teeth”). The developer claims that it sought to use a neutral token for pricing, hence prices range from 0.2 ETH to 1 ETH depending on the tier.
Read more:
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