

Shiba Inu Hints at Launch of Layer-Two Network Shibarium



The lead developer of Shiba Inu and partner developer of Shibarium said the public beta launch of the memcoin's layer-two blockchain is "soon."
Excitement for Shiba’s L2 Shibarium
Following the launch of the Shiba Eternity game, the Ethereum-based memecoin’s community is clamoring for news about the highly anticipated layer-two blockchain Shibarium that has been in development for the past year.
Recently, Shiba Inu lead developer Shytoshi Kusama has dropped hints about the impending launch of Shibarium.
On Nov. 1, Shytoshi tweeted that the planned order of development had always been to launch Shiba Eternity, then launch Shibarium, then put Shiba Eternity on Shibarium.
It amazes me how many people put words in my mouth. I've said many times: Game -> Shibarium -> Game on Shibarium. So when I say "I'm done with Step 1" I get why no Shibarium? Lol. *sigh*. The blog will update on all things Shib (from my limited perspective).
— Shytoshi Kusama™ (@ShytoshiKusama) November 1, 2022
Kusama followed up with a Medium post on Nov. 3 primarily about Shiba Eternity, but concluded by stating the Beta launch of Shibarium is coming soon.
“I will now shift my focus to advertising the game, the blockchain version and Shibarium with Kaal as we are quickly approaching the Beta launch,” Shytoshi wrote.
Shibarium partner developers Unification wrote a Medium post of their own about work on the Beta launch of the chain, saying, “The Wen is soon.”
They wrote, “The internal alpha continues to be optimized daily to be ready to fulfill the requirements and the sheer scale of the audience waiting for it. As a result the core team has been moving fast and furiously with our advisory and is close to a public beta release.”
On Nov. 5, the official Shiba account tweeted that it is following the Shibarium blockchain account on Twitter.
We are now following @ShibariumNet on Twitter!@ShibariumNet will eventually become a social informational hub to all things related to the Shibarium Network & Protocol.
— Shib (@Shibtoken) November 5, 2022
The Shibarium network is anticipated to become the home for the Shiba ecosystem, with transactions paid for by gas fees in Shiba’s BONE governance token.
What Is Shiba Inu:
Shiba Inu is an Ethereum-based altcoin with the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
Where to find Shiba Inu:
Website | Twitter | Telegram | Discord
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Swift and Chainlink Trials Pave the Way for the $10 Trillion Crypto Market

With the goal of expanding the crypto market from $1 trillion to $10 trillion, this partnership aims to seamlessly connect financial institutions' systems with various blockchain networks using Chainlink's Cross-Chain Interoperability Protocol (CCIP).
Chainlink and Swift Envision Blockchain Interoperability for Financial Institutions
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has partnered with Chainlink to explore the integration of blockchain networks into the financial industry. The collaboration aims to leverage Chainlink's Cross-Chain Interoperability Protocol (CCIP) to connect financial institutions' systems with various blockchain networks seamlessly.
We’re collaborating with our community to test how institutions can use their #Swift connection to seamlessly interoperate with the many #blockchain networks emerging around the world.
— Swift (@swiftcommunity) June 6, 2023
Building on successful trials in 2022, our new experiments aim to show how the Swift… pic.twitter.com/izS8HDNnj8
Several major financial institutions, including ANZ, BNP Paribas, Citi, and Lloyds Banking Group, will participate in trials to test the transfer of tokenized value over public and private blockchain networks.
During the trials, SWIFT's infrastructure will demonstrate how it facilitates interoperability by allowing tokenized assets to be transferred within public blockchain wallets, between public and permissioned blockchains, and from Ethereum to other public blockchains. Chainlink will act as an enterprise abstraction layer, connecting the SWIFT network to the Ethereum Sepolia network, while Chainlink's Cross-Chain Interoperability Protocol ensures interoperability between source and destination blockchains.
“Having a single interface for accessing the various blockchains that banks will have to transact on is both more secure and more efficient for their interaction with this new way of transacting among themselves and their clients. The connectivity between banks and blockchains created by CCIP can also enable the growth of DeFi, as banks will find it increasingly easy to interact with public blockchains and move value to and from them using their existing systems,” Sergey Nazarov, Co-Founder of Chainlink, told BSC News.
Connecting Banks and Blockchains
By successfully integrating major banks and clearing and settlement systems into web3, the collaboration aims to expand the crypto market from its current valuation of $1 trillion to $10 trillion.
“If even a small portion of the quadrillions of dollars in value flowing through the Swift network and its over 11,000 member banks makes its way onto blockchains, the entire blockchain industry could grow multiple times larger very quickly,” stated Nazarov.
As part of this collaboration, Swift and Chainlink will build upon previous SWIFT trials that were conducted in 2022, focusing on incorporating digital currencies and tokenized assets into the traditional financial ecosystem. The new experiments will address technical, operational, and regulatory challenges associated with operating in a blockchain environment., such as confidentiality and privacy of data, liability, and recourse when transacting with public blockchains.
SWIFT aims to establish an interoperable system that connects different blockchain networks, enabling financial institutions to seamlessly interact with multiple blockchain-based networks similar to traditional asset trading. The partnership recognizes the impracticality of building new infrastructure from scratch and instead seeks to help institutions leverage their existing infrastructure securely and compliantly.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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