SHIB Team Announces Launch Of Shibarium Mainnet

On Wednesday, Shiba Inu (SHIB) developers appeared on stage at the Blockchain Futurist Conference in Toronto to discuss the “End Game” for Shibarium – the meme token’s metaverse and NFT-oriented layer 2 blockchain.

The team said that the Shibarium mainnet has gone live, allowing developers to begin building apps on the blockchain.

  • The ecosystem will include “Shibdentities,” a proof of personhood solution that lets users retain control of their data and privacy.
  • Shibdentities can be used to create digital wills, which transfer assets to another user’s wallet after one person’s death is confirmed.
  • “We are building a decentralized, autonomous, digital nation state,” said the team during its keynote presentation.
  • Regarding the Shibarium metaverse, the ecosystem will feature “seamless transactions” and its “Shiboshi” NFTs.
  • Shibarium will also use an “super app” called the ShibaHub – a common location for accessing a users’ favorite dapps.
  • Like many layer 2 solutions, “Shibarium” aims to address the scaling issues and transaction costs that plague Ethereum’s base layer.
  • Until now, details about Shibarium’s technical development have been largely a mystery.
  • However, lead developer Shytoshi Kusama has provided many hints about what features it will include, such as real-world asset authentication.
  • SHIB is currently the 13th largest crypto by market cap.

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