Shibarium Sees Launch Day; SHIB Doggy DAO Gets New Partner
The lead developer of SHIB Token announced that the Shibarium mainnet is set to drop today. Meanwhile, the Shiba Inu team continues its decentralization push with a new advising partner for the Doggy DAO Foundation. To strengthen the decentralized mechanism, the Alpha Transform Holdings investment company is joining forces with SHIB on the Doggy DAO Foundation advisory board.
It was previously revealed in the Summer of Shibarium blog series that Doggy DAOs are to be the cornerstone of Shiba Inu’s Ecosystem.
SHIB.io Keynote Coming Up Next
The forthcoming AI-assisted speech by lead developer Shytoshi Kusama comes in SHIB: The Metaverse’s surroundings, a project the SHIB Army has been looking forward to for two years. SHIB Token’s marketing specialist Lucie SHIB posted a trailer of the event, which will take place at 14:10 EDT (18:10 UTC) on CoinMarketCap’s YouTube channel.
Besides officially launching the Shibarium L2 mainnet, Kusama mentioned that the fourth token might be introduced simultaneously, and there may be further updates on SHIB: The Metaverse.
At press time, SHIB is changing hands at $0.00000963, according to CoinGecko. After an impressive monthly bull run of 35% amid volatile market conditions, $SHIB faces market correction with a 6% slip in the last 24 hours. On top of that, the ERC-20 token is affected by the market-wide crypto meltdown, as popular altcoins like Solana (SOL) and Polygon (MATIC) have also dropped by 7% since yesterday.
On the Flipside
Bone ShibaSwap (BONE), the gas fee token for Shibarium, plunged deeper, losing 13.9% in two weeks.
The third token, Doge Killer (LEASH), slipped by 11.1% in the last 24 hours after a monumental 60% monthly bull run.
Why This Matters
Decentralization has often been a hot topic in crypto – the challenge of crypto communities governing themselves involves the need for technical backup by the blockchain.
