Saturday, January 22, 2022

SHIB Developer Shares Updates on Shibarium, the Shiba Inu Layer 2 Scaling Solution, Hints Big Surprise for Early 2022

During an ask-me-anything (AMA) session on Twitter, Queenie, a moderator of the official Shiba Inu Discord channel, teased a big surprise in 2022 without going further into details:

“We do have a big surprise when we enter 2022. So, that’s going to be the last little tidbit that I drop.”

Read Also: Shiba Inu (SHIB) Developers Working On a Layer 2 Scaling Solution Called Shibarium. Here’s Why It’s Important

Updates on Shiba Inu’s Layer 2 Scaling Solution

Queenie said that Shibarium would be released “as soon as humanly possible,” without being specific on the release date:

“We don’t do dates because that’s how you disappoint people.”

The much-awaited Layer 2 solution, Shibarium, is expected to make SHIB transactions much cheaper and more accessible.

Read Also: 239.6 Million SHIB Destroyed On Boxing Day As the Road to A Billion SHIB Burn Gets Clearer

According to Queenie, the project, which runs on top of the Ethereum blockchain, suffers from high gas fees:

“We know everyone is upset about the gas fees. It makes it really difficult, and SHIB has always been about accessibility.”

According to Queenie, Bone ShibaSwap (BONE) will be utilized as a native token on Shibarium.

BONE currently acts as the governance token of the ShibaSwap blockchain. While BONE has a capped supply, it will continue being minted until 2024. There will be a mechanism to keep the rate of minting balanced.

Read Also: Shiba Inu Collaborates With former Activision Vice President, William David Volk, To Create SHIB NFT Game

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The Game Based On Shiboshi

In the course of the AMA, Queenie also clarified that there would be two versions of the game based on Shiboshi, a collection of non-fungible tokens. The mobile version will have in-app purchases just like other applications on the App Store. It will also be compatible with PC.

The blockchain version of the game will be play-to-earn, meaning that players will be able to earn rewards in cryptocurrencies and cash them out.


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Tobi Loba
Tobi Loba is a passionate writer with over 3 million readers from all over the world. She graduated from a reputable university. She joined the crypto ecosystem about two years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects.

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