Breaking Shiba Inu News: The highly anticipated layer-2 solution Shibarium, along with other groundbreaking developments, will be unveiled at the upcoming Blockchain Futurist Conference and ETHToronto. Shiba Inu’s lead developer, Shytoshi Kusama, revealed in a new blog post today that these events will serve as platforms for showcasing Shibarium along with the completed Worldpaper, introducing SHIB brand projects and highlighting Treat.
Sweet August to the Shiba Inu Army
Scheduled for August 15-16, 2023, ETHToronto and the Blockchain Futurist Conference will provide the perfect backdrop for the grand unveiling of Shiba Inu. ETHToronto is the official hackathon of the Blockchain Futurist Conference and a huge event for the entire Ethereum ecosystem.
As title sponsor, Shiba Inu solidifies its position as “a major player in the crypto space,” as Kusama highlights in the blog post. Remarkably, the release date coincides with SHIB’s approximately 3-year anniversary and Eth’s hometown.
The SHIB community can expect an immersive experience, with presentations, demonstrations and discussions that will reshape the future of Shiba Inu’s decentralized finance and governance. The highlight of these events will undoubtedly be the introduction of Shibarium, the long-awaited cornerstone of the Shiba Inu ecosystem.
Shibarium strives to push the boundaries of Ethereum scaling and provide innovative solutions for the Shiba Inu community. The highly anticipated L2 has huge potential to revolutionize the Shiba Inu ecosystem.
Remarkably, the event is not just about Shibarium. As part of the events, all SHIB projects will be unveiled, demonstrating the project’s commitment to building a diverse and vibrant ecosystem. These projects, which include Shib the Metaverse, Shibacals, Shiba Eternity, and Shiboshis, represent the multifaceted nature of Shiba Inu’s vision.
As Kusama writes, new partnerships will also be announced with Unification and Bad Idea.Ai. In addition, all projects that have shown interest in building with Shibarium Tech will be presented at the conferences.
The Shiba Inu lead developer also stressed the importance of Treat, a critical part of the project’s governance framework. During the Blockchain Futurist Conference, Treat will be publicly explained for the first time. The SHIB military can expect extensive insights into Treat’s functionality and its role in strengthening the decentralized ecosystem. Kusama stated:
At this location [Blockchain Futurist Conference]], the final Worldpaper will be exhibited, all Shib brand projects will be unveiled and Treat will be publicly described for the first time. In addition, discussions and possible releases of the highly anticipated L2 Shibarium are very likely.
SHIB is up 3%
The news has begun the countdown to the much-anticipated Blockchain Futurist Conference, which will center on Shiba Inu, and possibly renewed SHIB hype.
At the time of writing, SHIB was trading at $0.00000758 and is up about 3% since the publication of Kusama’s blog post. This puts SHIB price on the verge of a possible break out of the downtrend channel that has been in effect since early February. A significant rise above $0.000008 to the 38.2% Fibonacci retracement level ($0.00000831) and a subsequent breakout above this resistance is necessary to avoid a fakeout.
Featured image from iStock, chart from TradingView.com