SHIB Team Reveals Introduction of Shibarium Mainnet

On Wednesday, developers of Shiba Inu (SHIB) took the stage at the Blockchain Futurist Conference in Toronto to elaborate on the “End Game” for Shibarium – the meme token’s metaverse and NFT-focused layer 2 blockchain.

The team announced that the Shibarium mainnet is now operational, enabling developers to start creating applications on the blockchain.

• The ecosystem will feature “Shibdentities,” a proof of personhood solution that allows users to maintain control over their data and privacy.
• Shibdentities can facilitate the creation of digital wills, which transfer assets to another user’s wallet once the death of an individual is verified.
• “We are constructing a decentralized, autonomous, digital nation state,” stated the team during their keynote address.
• Concerning the Shibarium metaverse, the ecosystem will offer “seamless transactions” along with its “Shiboshi” NFTs.
• Shibarium will also incorporate a “super app” known as the ShibaHub – a centralized platform for accessing users’ preferred dapps.
• Similar to many layer 2 solutions, “Shibarium” seeks to resolve the scaling challenges and transaction fees that affect Ethereum’s base layer.
• Up to this point, specifics regarding Shibarium’s technical development have remained largely undisclosed.
• Nevertheless, lead developer Shytoshi Kusama has shared numerous clues about the features it will encompass, including real-world asset verification.
• Currently, SHIB ranks as the 13th largest cryptocurrency by market capitalization.

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