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- Shiba Inu developers are concentrating on Shibarium, intending to decrease token supply through the burn portal and the renouncement of the BONE contract.
- The layer-2 network has reached 1 million wallets and is planning partnerships with third-party token bridges to enhance interoperability.
- Developers are prioritizing user expansion, utility, and infrastructure within Shibarium, highlighting the importance of real-world value and community empowerment.
The creators of the widely recognized meme coin Shiba Inu have outlined their forthcoming focus areas as the adoption of their Shibarium layer-2 blockchain accelerates rapidly.
As per screenshots shared by team member Lucie, lead developer Shytoshi Kusama indicated that the burn portal and the renouncement of the BONE contract are now key priorities. Kusama had previously mentioned that the burn portal was under development.
While emphasizing the significance of enhancing SHIB adoption overall, Kusama remarked that burns are not the only solution. The anticipated burn portal will assist in decreasing token supply as desired by the community.
Little more about upcoming $SHIB burn portal and Shibarium Wiki pic.twitter.com/T3qWRGpsZU
— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) September 5, 2023
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Shibarium surpasses several milestones
Preparations are also in progress to renounce the BONE contract this week, according to developer updates. Furthermore, Kusama noted that a Shibarium Wiki is being developed.
Shibarium has already surpassed 1 million wallets and total transactions since its public re-launch on August 28th. Collaborations with third-party token bridges are also being planned to enhance interoperability.
The latest priorities reflect the team’s commitment to attracting users, enhancing utility, and establishing essential infrastructure during Shibarium’s initial phase.
While speculative excitement sparked SHIB’s rapid ascent, creating enduring real-world value is now of primary importance. The burn portal and BONE renouncement contribute to advancing decentralization and empowering the community.
The team’s focus on promoting adoption demonstrates their dedication to increasing daily active usage of Shibarium. Alongside anticipated features like burning, fundamental aspects remain crucial for the growth of the ecosystem.
