The lead developer of meme cryptocurrency Shiba Inu (SHIB), Shytoshi Kusama, posted a community update mentioning plans to release a stablecoin for the ecosystem of Shiba Inua rewards token and a collectible card game for metaverse.
According to Decrypt, Kusama hinted at the release of SHI – an experimental stablecoin protocol – while commenting on concerns about “watching other stablecoins collapse and billions of dollars leave the market.”
According to the developer of Shiba Inuif the schedule is fulfilled normally, the stablecoin could be launched as early as 2022.
#Shibarium. #Shi. #Treat. #Shib #Metaverse. How we work together to weather the incoming storm & more in my new Medium. #SHIBARMY https://t.co/RAYdaij21q
— Shytoshi Kusama™ (@ShytoshiKusama) July 6, 2022
The ecosystem of cryptocurrency meme also intends to expand the network by launching a new token of reward, called TREAT.
The TREAT token will have wide application in the ecosystem of Shiba Inuincluding the metaverse project and the yet-to-be-released Shiba Collectible Card Game collectible card game, the blog post said.
The lead developer did not give further details about the game, but stated that there will be a new post on the subject in the future.
Kusama added that the reward token will also “help provide balance” for the SHI stablecoin.
What are meme cryptocurrencies
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Shiba Inu in the metaverse
Kusama also commented on the progress of Shibarium, a second layer solution that will allow users and developers to create new applications in the blockchain existing.
“At the moment, everything is still being developed, but we are moving as fast as possible to be able to complete this central component of our ecosystem”, added the developer of Shiba Inu.
However, there is still no date for the public release of the beta version of Shibarium.
*With Decrypt information
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
