Alex Dovbnya
Will the highly anticipated Layer 2 solution launch on February 14th?
Shiba Inu lead developer Shytoshi Kusama recently provided a cryptic update on the upcoming launch of Shibarium, the much-anticipated Layer 2 network.
In his Twitter status message, Kusama wrote that he “nurtures the jaws of life. Quickly learn to play the flute before he puts shibarium in a heart-shaped box with a bow.”
This statement has sparked speculation in the Shiba Inu community that the launch of Shibarium could happen on February 14th, Valentine’s Day, due to mention of a “heart-shaped box”.
While Kusama neither confirms nor denies the rumours, the community is eagerly awaiting further updates from the development team.
As reported by U.Today, Shiba Inu developers recently offered a first look at Shibarium. It is a Layer 2 network that aims to solve the scalability, speed and cost issues on the Ethereum blockchain. Network gas fees are expected to be lower than current fees on the Ethereum mainnet.
The project is said to focus on metaverse and gaming applications and be a cheap solution for decentralized applications. The launch of Shibarium could help grow the Shiba Inu ecosystem, which currently has three tokens with a combined market cap of over $5 billion.
Validators on Shibarium are limited to 100 slots and must wager a minimum of 10,000 BONE tokens. A TREAT token will also be launched to incentivize liquidity pools on the decentralized exchange ShibaSwap.
As the launch date approaches, the Shiba Inu community is eagerly awaiting further updates from the development team.
The speculation about the Valentine’s Day launch date has added an extra layer of excitement to the launch, and the community is looking forward to seeing what Kusama and his team have in store for Shibarium.
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