Sat, November 16

Shiba Inu Co-founder’s Update on Shibarium Launch, Blog Released

Blockchain News
  • Shytoshi highlights the “unification” of ShibArmy as the key to Shibarium’s success.
  • Shiba Inu (SHIB) exhibited nearly a 7% spike in its price in the last 24h.

On account of Shibarium’s launch, the crypto Twitter was busy running through the snapshots of the Telegram Chat, involving Shiba Inu’s pseudonymous co-founder Shytoshi Kusama, which hinted at the L2 blockchain’s launch date. Amid these speculations, Shytoshi released the first medium blog of the Shibarium series to introduce the project.

In the blog, Shytoshi Kusama stated:

“I will detail Shibarium completely and, with the help of Kaal, our development team, and the others at Unification (XFUND), I will reveal what sets Shibarium apart from the constant flood of other emerging blockchains.”

Shibarium Beta To Be Delayed

Previously, in late January, Shytoshi’s Twitter bio – “Quickly learning to play the flute before putting Shibarium in a heart-shaped box with a bow” – led the ShibArmy to assume February 14 as the Shibarium Beta launch date. But the blockchain launch did not take place on the anticipated date. 

Shibarium’s core dev Kaal’s absence from the team due to his father’s demise has been stated as one key reason for the delayed launch. Through the blog, Shytoshi conveys that developer Kaal’s return to the team will be a determining factor for the launch date.

Also, Shytoshi’s “Way before May” chat text dropped in as the next hint of Shibarium’s launch date. As the next step, prior to the beta launch, the SHIB team launched the introductory blog. This blog is seemingly a woven thread of Shytoshi’s thoughts on the L2 blockchain Shibarium. 

He signified four basal values as prerequisites – Burn, Protect, Help, and Grow – to expand the Shiba ecosystem and bolster decentralization. Firstly, the builders and community are encouraged to burn SHIB on every Shibarium project. Secondly, Shytoshi recommends users prioritize “Do Our Own Research (D.O.O.R)” and publish and receive feedback to mitigate scams and FUDs. Thirdly, he promoted the need for donations in expanding the network. Lastly, Shytoshi noted down the act of wiring a part of profits to SHIB’s Doggy DAO Foundation on his thoughts list. 

Shiba Inu co-founder highlighted:

“Shibarium is not only the tool that empowers the ShibArmy to utilize digital assets in the form of tokens and NFTs or gain access to digital places like the Metaverse […] the ability to launch community-originated, Shiba-branded, physical products in real life with more utility than ever before”

Furthermore, one more message from Shytoshi in the telegram channel brought up the news of 50 projects pulling back their requests to build on Shibarium. He stated that these projects were pro-Shibarium before the blog’s release.

Notably, owing to the blog and the Shibarium hype, Shiba Inu (SHIB) rose over 7% in the last 24h. According to CoinMarketCap, at the time of writing, the second largest memecoin SHIB traded at $0.00001391. 

A perpetual learner who loves writing. Passionate about investing her time and zeal to explore the crypto world. Curiosity and creativity are her superpowers.