Cryptocurrency

Shiba Inu Team Officially Confirms Shibarium Launch Week

Shibarium, the long-awaited Shiba Inu layer-2 scaling solution is set to be up and running. Therefore, the Shiba Inu community should be hopeful of a possible boost in the decentralized meme token network performance and scalability.

According to the official Twitter handle of the Shiba Inu (SHIB) crypto project, the Public Beta launch of Shibarium is scheduled to happen this week. But the exact day and time are yet to be told to the public. 

As per the update shared on Twitter on Tuesday, the Shibarium team will subsequently share all the necessary guides and information needed to navigate the layer-2 scaling solution website. 

The tweet read, “Attention ShibArmy. We’re thrilled to announce that Shibarium Public Beta will be launching this week! Make sure you’re following our official socials over the next few days as we reveal all the details on how to access the beta website. Hail Shib!”

Notably, the Shibarium innovation which was first spoken of in 2021 by Shiba Inu developers is a second-layer blockchain platform on the Shiba Inu network. It aims to make the second-largest decentralized crypto network more scalable and fast. 

Also, Shibarium is a low-cost, powerful, and decentralized global system designed to enhance the growth of various businesses, projects, and platforms. 

It bears mentioning that the Shibarium team is currently accepting collaborations in different capacities including content creation, and running a validator node amongst others. So far, over 3,000 intake forms have been submitted via the Shibariumtech website. 

LucieSHIB, a top Shibarium proponent confirmed this via a tweet adding that anyone can apply to partner or work with the layer-2 project as there is no deadline. 

She wrote, “Over 3000 intake forms have been submitted to Shibariumtech. The first to receive a response was the content creator, new project owners, and tokens. Not all .. still in progress. There is no deadline – you can always apply.”

To become a Shibarium network validator, one of the known requirements is holding at least 10,000 BONE tokens, Lucie also revealed.

BONE, the native and governance token of the Bone Shibaswap ecosystem has been performing nicely following the expectation of Shibarium. Last week, BONE got listed on the Crypto.com trading App, enabling it to be spent at over 80 million merchants.

Related: Shiba Inu Set for Fresh Meteoric Price Surge? Here’s How Shibarium Brightens SHIB Fundamentals

In addition, support for Shibarium has been high even though the project is yet to go live. As earlier reported, NOWNodes, a leading blockchain–as–a–Service (BaaS) provider announced that it would be among the first node providers for the upcoming Shiba Inu layer-2 scaling solution.


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Ndianabasi Tom

Ndianabasi Tom joined the crypto and blockchain industry in late 2018. He is an all-rounded crypto journalist and content writer. At TimesTabloid, he covers the industry's latest news, developments, and other educational content. He is a graduate of Petroleum Engineering.

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