Shib Inu Important Updates 2022 july

One of the key developers and spokespeople for the Shiba Inu project, Shytoshi Kusama, has reappeared and revealed many insights into the future of the Shiba Inu and its offshoots. Among other things, the developer assured the Shib army of its obligation to the plan of Ryoshi, the unknown creator of the Shiba Inu, who a while heretofore withdrew himself and faded away from all social media accounts.

The first topic of Shytoshi's post is Shibarium, Shiba Inu's Layer 2 solution. The developer verified the previously published information of the X-Fund about the progress of the work and pointed out more intensive job on the interface and usability of Shibarium. While no date has yet been set for general beta testing, work on the blockchain remains on agenda, the developer said.

In addition to his post, Shytoshi gave an update on the SHI stablecoin Shiba Inu. According to the developer, the recent wreck and de-pegging of some stablecoins such as UST and USDN has raised concerns. However, we hope that such problems of SHI can be avoided by using an independent experimentally decentralized protocol. More information will be available later, but if there are no obstacles, the SHI should be released as early as 2022.

The developer went on to apologize for the delay in working on SHIB Metaverse, saying that the release date was not initially announced. According to Shytoshi, announcements will be made as soon as possible, and he also mentioned the addition of the project team, which should make SHIB Metaverse a AAA-level project.

Shiba Inu expands its network with a new token, TREAT. TREAT, declared in the same post, has several applications in the Shiba Inu ecosystem. For example, it is a reward token for Shibarium, SHIB Metaverse, the Shiba trading card game, and a balance provider for SHI. The list is endless and likely to change, which Shytoshi explained was hesitant to rush and release an unfinished product.