Fri. Jul 1st, 2022

Shiba Inu (SHIB) has a lot of developments up its sleeve this year. Upcoming developments include the full release of SHIB: The Metaverse, Shibarium, PlaySide Games, and a play-2-earn blockchain game. Also, SHIB is in collaboration with John Richmond’s clothing line, plans to expand Welly’s fast food outlet, and much more. SHIB: The Metaverse opened a ‘land sale event‘ for 3 days last week, with only Leash holders given priority access to view, bid and buy land. However, the team faced severe criticism for favoring native tokens in the ecosystem and neglecting Shiba Inu. Also, the community was not happy with the fact that land had to be purchased using Ethereum and not SHIB. The main developer of ShibaSwap, Shytoshi KusamaI speak exclusively with the Watcher Guru web diary and confirmed that all upcoming developments will revolve around Shiba Inu.

“The current misconception is that somehow the projects we have been working on have nothing to do with Shiba Inu. But nothing could be further from the truth. We are working to take over various industries and they will directly contribute to SHIB or help the ecosystem,” Shytoshi said.

The “various industries” they include the food, fashion and gaming sectors with Welly’s, John Richmond and PlaySide games, P-2-E, respectively. Shytoshi confirmed that all industries will integrate Shiba Inu (SHIB) in their mechanism and they will put the token to work. Therefore, it would increase the Shiba Inu’s use case in the marketplace and have continued long-term utility.

“All of our pre-Shibarium releases will contribute directly to Shiba Inu,” Shytoshi confirmed.

However, Shytoshi did not confirm a tentative release date for the upcoming developments. Reading between the lines, the next developments could be the first to be fully operational and Shibarium could be released after that.

Shiba Inu: The Way Forward

The SHIB team had previously announced that they were working on a “burning portal» integrated that directly contributes to the «burning» of tokens. The portal could be integrated within Shibarium and could charge a small fee for the transaction. The transaction fee could be used to “burn” the tokens out of circulation and into a dormant wallet. SHIB Discord moderator Queenie tweeted a hypothetical calculation of how many tokens can be “burned” each year. About 111 billion SHIB tokens can be ‘burned’ and taken out of circulation, according to her hypothetical estimate. You can read her hypothetical figures here. At press time, the Shiba Inu was trading at $0.00002439 and is down -2.94% in 24-hour trading. However, the token is up +1791.6% since the last 365 trading days and made huge profits for early investors.

By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on wttspod.com for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.