SHIB Team Announces Launch Of Shibarium Mainnet

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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