Shiba Inu’s Developer Shytoshi has Releases Huge Update

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Shiba Inu’s Developer Shytoshi has Releases Huge Update

Shiba Inu [SHIB] grew to immense popularity despite its relatively new arrival into the crypto market. The widespread adoption that it garnered, was not only beneficial to SHIB alone but to the entire crypto market. Now, as its price struggled to recover, the lead developer turned the focus to the development side of the network. After teasing the community for two long days, Shytoshi Kusama finally shared his much-awaited Medium post.

The Shiba Inu community has been looking forward to an array of developments that have been scheduled for the network. However, the ongoing bear market has been taking a toll on many. Nevertheless, Shytoshi Kusama hopes to carry out Ryoshi’s plan “strongly.”

Here are all the updates that Shytoshi emphasizes in his Medium post

Shibarium

In the Medium post, the lead developer addresses the highly anticipated Shibarium. This Shiba Inu layer-2 solution has been in the works for quite some time now. While this is expected to make its debut in Q3 of 2022, Shytoshi gave out updates about the same.

“Shibarium is a key component in this uncanny war we find ourselves in as it will allow us to move assets on-chain with minor BONE (gas) fees empowering micro transactions.”

The Shiba Inu developer further affirmed that everything was on track. However, the developers were yet to give out a date for the Public Beta.

TerraUSD’s collapse reaches the Shiba Inu ecosystem; SHI Stable Coin

The entire world witnessed the downfall of Terra’s algorithmic stablecoin UST. While some have decided to refrain from all things stablecoin, the Shiba Inu network was moving forward with the same. Shytoshi affirmed that SHI is on track to be released in 2022.

Currently, a group of developers has submitted a version of SHI that combats the issues found in other projects. Along with this, SHI would be employed to counter as well as balance payments without market fluctuations. Elaborating on the same, Shytoshi said,

“This will be an experimental protocol, like everything decentralized that Shib does, and a more detailed and complex set of information will be released about this token as it is finalized.”

A new token in the making? A TREAT for the community

The Shiba Inu network has secrets! The developers have been “quietly” designing a brand new reward token called TREAT. Shytoshi went on to reveal the reason behind this stealth move. The network reportedly wanted a rather well-defined and outlined use case for the token. In addition to this, they did not want to rush another token into the space.

All of Shiba Inu’s offsprings have been used in the network. However, the community has always wondered about the whereabouts of the token assigned for rewards. Addressing the same, the developers have decided to roll out TREAT.

Unlike other assets, TREAT would entail a limited supply. Additionally, TREAT’s use case would not be limited to Shibarium alone. It would also be employed in the Metaverse as well as Shiba Collectible Card Game. It would also be used to provide balance to SHI as well.

SHIBA WOOF! Shiba Inu Card Game

This Shiba Inu collectible card game has been in the works for quite some time now. Both Playside, as well as Shiba Games, will soon start testing and prepping for the launch of the project. Shytoshi noted that a post dedicated to this game would soon be up.

Metaverse

Looks like the Shiba Inu network has a lot on its table. With so many developments in play, some things are bound to lag. Speaking about the metaverse, Shytoshi noted that it was developing slower than expected.

However, the network has been in touch with notable studios and developers. It was also revealed that an important hire was going to take place this week.

Furthermore, despite the impact that the bears currently have, the Shiba Inu ecosystem has a lot to look forward to.

Credit : LINK

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