Despite being born from a breast, the Shiba Inu (SHIB) has managed to attract the attention of the whole world. Looking at the latest announced development, Kaaldhairya, one of the official developers of the SHIB ecosystem, gave a lot of information about the upcoming projects that the developers are working on behind the scenes. The project includes SHIBARIUM, SHI, SHIBASWAP 2.0, Metaverse land sale event, Burn portal and many more. Here are the details…
Shiba Inu developer confirms new news
Shiba Inu’s layer-2 solution, Shibarium, has been in the works for a while. In March, lead developer Shytoshi Kusama confirmed that Shibarium is approaching the finish line. But now, one of the developers using the name Kaaldhairya has confirmed that the layer-2 solution is on the right track. Shibarium is reportedly in Alpha phase and will soon move into Beta phase.
Apart from that, the Shiba Inu developer has shed light on the development of a number of other things. The SHIB ecosystem has a number of updates planned for 2022. From its own stablecoin to SHIB: The Metaverse, the community has a lot to look forward to. In a recent tweet, the developer confirmed that the burn portal is headed towards its final stages. This will also pave the way for users to earn rewards. Other updates included include developments such as SHIBARIUM, SHI, SHIBASWAP V2, metaverse land sale, incineration portal.
When is the burn portal coming? How was the price affected?
According to details revealed during SHIB’s Q&A event with Binance, the SHIB Burn Portal is under development and is almost entering its final stages. While the release date has yet to be officially announced, it is confirmed that the SHIB team is working behind the scenes to implement additional burns. As Cryptokoin.com reported, Burn Portal was first announced during the Shiba Q&A event in February and will reportedly be a part of ShibaSwap 2.0.
Numerous developments in the Shiba Inu ecosystem had no impact on the coin price. The team has repeatedly stressed that they focus on promoting utility, not price. The price of SHIB is changing hands at $0.0002605, down 2.6 percent at the time of writing.
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