Shiba Inu’s Shibarium gets massive support from billion-$-gaming incubator with DEX and NFT marketplace – Report

  • Shibarium is set to be launched soon and many projects are already pledging support.
  • Shiba Inu is set to benefit on all fronts with the emergence and potential growth of the Shibarium protocol.

With the launch of Shibarium getting closer, many projects have started pledging their support for the Shiba Inu ecosystem’s much anticipated Layer-2 protocol built on the Ethereum network. One of the latest partnerships that the ecosystem’s top developer, Shytoshi Kusama drew the community’s attention to was the one from Web3.0 gaming outfit, Voxel X Network.

Voxel X Network unveiled that it aligns with the visions of Shytoshi Kusama to launch a Layer-2 protocol that welcomes all projects. The Voxel X Network implied that it is committed to the growth of Shibarium and that it wants to see the ecosystem grow together.

Voxel X Network is riding the wave of influence in the industry at the moment as it currently has over 75 listed partners to which it said it is going to promote the Shibarium protocol. Voxel X Network currently has a highly functional Non-Fungible Token (NFT) marketplace. The trading platform is operated as a decentralized exchange for digital collectibles and Voxel also has its own blockchain protocol.

Besides the Voxel X Network, there are a number of other protocols that have indicated the willingness to work with Shibarium ahead of its launch. One of these is the top Ethereum developer with the pseudonym Rafdot.eth | $ALLIN as well as other big names in the ecosystem.

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The events around the Twitter account of Shytoshi Kusama are now being monitored closely for extra tips on what might be ahead for the Shibarium protocol. In recent insight gleaned, the lead developer in the ecosystem pointed attention to the upgrade from the MetaMask wallet which lead to the introduction of the MetaMask SDK.

By pointing attention to the tweet from the wallet provider, many are now implying whether Shibarium will ink a form of partnership in the near future.

Shibarium and the positive addition to the ecosystem

The digital currency ecosystem now is veering and placing much attention on Layer-2 protocols as one of the most flexible ways to scale transactions on their respective parent companies.

The emergence of Shibarium has been predicted as a major boost for Shiba Inu as more protocols will make their way to the L2, driving a more robust use case across the board. It is worth noting that SHIB, the native digital asset of the Shiba Inu ecosystem will not be the native token of Shibarium, rather, the L2 platform will be powered by Bone ShibaSwap (BONE). 

For every transaction involving BONE, a certain amount of SHIB will be burnt, extending the deflationary status of Shiba Inu. At the end of the day, the emergence of the Shibarium protocol will be highly beneficial to the memecoin ecosystem and by it, the expectation is rising on the possibility of the SHIB hitting close to $1 in the near future.

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About Author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.

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