Many innovations have taken place for the famous meme coin Shiba Inu (SHIB). In this article, we will convey the latest developments. Here are the details…
SHIB developer has important news for the Vietnamese community
Shiba Inu’s lead developer, Shytoshi Kusama, has announced plans to increase mainstream adoption of SHIB in Vietnam. Kusama noted that he has a special surprise for SHIBArmy members residing in Vietnam. In a tweet today, the lead developer of Shiba Inu first checked if there are SHIB enthusiasts in Vietnam by asking them to indicate with a “hello” in the comment section.
Surprised by the response from Vietnam-based Shiba Inu enthusiasts, Shiba had to explain why he wanted to know if SHIB had a good presence in Vietnam. It is noteworthy that the movement is part of efforts to support the mainstream adoption of the Shiba Inu in Vietnam.
Shiba Inu partnered with The Third Floor
Moreover cryptocoin.com As we reported, Shiba Inu announced that it has partnered with a world-class visualization studio to design and develop the highly anticipated SHIB.io metaverse. The Third Floor is best known for its work in TV shows and movies in Marvel’s Cinematic Universe. Meanwhile, FXStreet analysts have predicted an increase in SHIB price with continued developments and the recovery in meme coin.
Shiba Inu owners have awaited the launch of SHIB.io, Project Metaverse, since its announcement. Typically, new developments and launches in the Shiba Inu ecosystem positively affect the demand for the meme coin on exchanges and increase its price in the short term.
Shibarium launching soon
On the other hand, the Unification Foundation, the team working on the development of Shibarium, the most anticipated tool of the SHIB ecosystem, hinted at its release date. According to the blog, Shibarium Private Alpha TestNet has been launched among the team of developers. Unification stated that it was done to provide the necessary support tools before the public Beta TestNet release. He added that the tool has been running successfully for several weeks.
The release added that the most anticipated vehicle has evolved as it is built on battle-tested and solid technology with xFUND. He mentioned that it is based on Oracle of Oracles (OoO). It will play an important role in terms of network and AMM. According to the publication, the Shibarium Public Beta TestNet is scheduled to be released in Q3 of this year. Emphasizes that the FUND TestNet upgrade will conflict with this. This update will include the much anticipated IBC/Gravity/wFUND updates. However, it will allow interested parties to interact with the network.
Shiba Inu burning intensifies
Finally, based on data from the Shibburn portal, 18.99 million Shiba Inu tokens have been burned in eight transactions in the last 24 hours. A total of 410.37 trillion SHIB tokens have been burned so far. This means that they are permanently destroyed by being sent to a dead wallet. Over the past week, a billion Shiba Inu tokens have been burned, sending them to dead wallets and taking them out of circulation. The reduction in circulating supply has affected the value of the rest of the tokens held by ShibArmy members. It is predicted that sustained burns will eventually increase the value of community-held SHIB as the circulating supply shrinks.
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