Shibarium: beta test of crypto Shiba Inu
Shytoshi Kusama announced beta test of the Shibarium network, layer 2 of the Shiba Inu cryptomeme. The new network dedicated to the metaverse has been named PUPPYNET.
The beta test launch of Shibarium: layer 2 of the crypto Shiba Inu
Over the weekend, Shytoshi Kusamathe developer behind Shibarium announced the beta test launch of layer 2 dedicated to Shiba Inu crypto meme metaverse. The new network has been named PUPPYNET.
Introducing Shibarium Early Public Beta! Find out about it, see #shibthemetaverse WAGMI temple area, and a stop to Ryoshi FUD here in this blog post.
— Shytoshi Kusama™ (@ShytoshiKusama) March 11, 2023
In practice, Kusama pointed out that Shibarium is a level 2 blockchain that allows anyone to build dApps, integrate into real businesses and run projects with it. It’s affordable, Shib burns in the process and will be tweaked as beta testing continues in the coming months.
While links to access the test are shared in the blog post, Kusama highlights some main points which new developers in the Shibarium ecosystem must keep in mind. Here they are:
- Shib burn will depend on the txn in the network. To keep track of them, there will be a graph of Shib burns on the burn portal. This is part of the beta testing of the Shibarium network.
- All tokens on PUPPYNET are not real. Don’t spend your hard-earned SHIBS on these tokens if you see them, no matter how much people, anyone, patronize.
In addition, Kusama adds recommendations from DYOR (Do your own research), so that users cannot be confused and falls into projects that have nothing to do with the Shibarium ecosystem, but pass themselves off as such.
WAGMI TEMPLE’s experience at SXSW 2023 and the end of FUD at Ryoshi
During SXSW 2023 in Austin, Texas, you can find Shib Metaverse booth and experience Wagmi Temple.
This is the unveiling of the new metaverse at the 2023 SXSW Music and Film Festival, which will allow attendees to experience a virtual reality tour of Temple WAGMI, one of 11 hubs showcasing SHIB’s history.
We build immersive experiences that allow users to explore, benefit from and interact with a Shiba Inu universe like no other. https://t.co/8nFV1VmAzH@marciejastrow @sherricuono @brandiekono @scorchia_moon @ShibTheMV @TheThirdFloor pic.twitter.com/9qbpusYt8L
— Shib (@Shibtoken) March 11, 2023
Also in her blog post, Kusama then wanted to put an end to the FUD that has been created around the fact that Ryoshithe founder of the Shiba Inu, may be Sam Bankman-Fried.
And actually last week, Coinbase’s CEO Conor Grogan had circulated the news of his connections to find out who was behind Ryoshi’s alias. Grogan discovered that the name “Alameda” on OpenSea is associated with the address of SHIB’s creator. Some would therefore believe so Ryoshi was straight up Sam Bankman-Fried.
In this regard, here is what Kusama says:
“The biggest fudder and fudder goes to a guy who makes a competing product who tries to convince you that SBF is Ryoshi. Now that the team, and everyone who has ever seen the Ryoshi post, is done laughing, let’s provide two meme proofs that this is not the case. [..] More importantly, Ryoshi, as seen in his posts, was NOT a fan of Centralized Exchanges (CEX) and would NEVER have run one himself. Make better food, make better.”
The price of crypto Shiba Inu
At the time of writing, Shiba Inu is traded at a price of $0.00001086after experiencing one small pump in the last 24 hours.
The 15th crypto by market cap, it seems to be following the general price trend of major cryptocurrencies without too much upheaval, despite this weekend’s news.
And indeed, Ethereum (ETH) has also registered +8% in the last 24 hours, with the price rising from $1479 to the current $1602.
With $5.95 billion total market capitalization, SHIB has a dominant position in the crypto market of 0.58 percent.
