The developer of the popular meme-coin Shiba Inu, Shytoshi Kusama, has started a blog series to explain the release of the Shibarium Layer-2 beta. The blog post from February 20 revived calls for Shibarium by spreading buzz via Twitter.
The latest blog is part of a series of Medium entries in which he presents Shibarium. The second part, “Shibarium Blog: 2022 The Year of Learning,” was just released, and in it, Kusama discusses the challenges he faced last year.
Kusama said, “In this blog, I spoke on what we’ve done publicly (and stealthily) to advance the idea of Shibarium during its development. Next, I’ll go into detail about what I’ve done behind the scenes to prepare the blockchain for public consumption and to keep us all safe, technical aspects, why intake and much more. Then, we will release the intake form and Shibarium Beta.”
As soon as the blog post was published, the Shiba Inu price increased by 4%. Shiba Inu is now up more than 3% and trading at $0.00001358 at the time of writing.
Despite opposition from a number of parties, Kusama underlines how hard he fought to see the project through to completion. The lead developer battled with personal difficulties and even threats of death.
His next post will cover a variety of subjects, including community protection strategies, technological facts, and other pertinent data. The Shibarium team will continue with the beta version release after that.
“Next, I’ll go into detail about what I’ve done behind the scenes to prepare the blockchain for public consumption and to keep us all safe, technical aspects, why intake, and much more. Then, we will release the intake form and Shibarium Beta,” he said.
Another major piece of news was revealed in a brief tweet reply from Kusama, who stated that a teaser for the Shibarium album would be released somewhere during the week of February 20. Shibarium’s arrival was delayed by the absence of main team member Kaal Dhairya, but his rejoining the group has raised expectations for a quick launch.
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The Shiba Inu token (SHIB) has seen a major reaction in price following the news of its inspirational figure, the Japanese billionaire Shytoshi Kusama, announcing plans for Shibarium.
Shibarium is a project concept based on Kusama’s vision for decentralised finance, a movement which seeks to decentralise the control of financial services by creating an open, borderless community-led finance system.
As one of the leading tokens in the DeFi community, news of the project was warmly welcomed by SHIB holders who saw a marked increase in SHIB’s price and market capitalisation immediately following the announcement.
In the past month, the SHIB price has overall increased by over 600%, a monumental move compared to the sentiment other DeFi coins experienced within the same time. This gain comes on top of a unique marketing initiative, which aims to create “Dogecoin killer” status and to establish SHIB as a leading DeFi currency.
The Shibarium project, which is being developed in collaboration with the Kusama Foundation, will serve as a central place where SHIB holders can explore Kusama’s vision for a vibrant DeFi ecosystem. The platform will enable users to access new financial services, whilst allowing them to securely store their SHIB tokens.
The news of Shibarium has been overwhelmingly well-received by the SHIB community, with some speculating that this project will be a major driver for growth. As Kusama’s influence grows, so too does the popularity of SHIB and the DeFi community as a whole.
Overall, the Shibarium project promises great potential, and with it the possibility of significant growth and development of the SHIB token and its associated community. Time will tell just how much Kusama’s vision will impact upon the SHIB token and its price.