Shiba Inu Set to Roll Out Four Major Projects in Coming Days; Here’s What’s New

Shiba Inu’s Layer 2 solution has been under development for quite some time

In recent updates shared by Shiba Inu Developer Shytoshi Kusama, SHIB: Metaverse lands may be available “very soon”. Shiba Inu’s Layer 2 solution Shibarium has been in development for some time. However, one of the developers, @kaaldhairyasaid the Layer 2 solution is moving to the next phase of development.

The #SHIB MV is coming #SHIBARMY! Lands are becoming available really soon and you can get in early by locking your $LEASH or SHIBOSHIS at https://t.co/klp5m8DaQL. (Wonder if you'll end up near my land?) 🤔

— Shytoshi Kusama™ (@ShytoshiKusama) April 5, 2022

Shibarium, the Layer 2 on which SHIB: The Metaverse will be developed is reportedly in the Alpha phase and might soon be shifting into the Beta phase. Apart from that, the Shiba Inu dev provided insight into other developments. Shiba Inu earlier teased a year full of more surprises, as previously reported by U.Today.

I promise you, I am working on
1. SHIBARIUM – In Alpha, will move to Beta soon
2. SHI – In development, vote for your favorite collateral
3. SHIBASWAP V2 – New ways to earn
4. MV land sale event-soon
5. Burn portal – Earn rewards
6. Many other projects I can't disclose

— ShibDev4Evr (@kaaldhairya) April 5, 2022

Among which is SHI, the stablecoin of the Shiba ecosystem that aims to open up new investment opportunities through the system that Shib is developing. Recent updates indicate that the Burning Portal was nearing its final stage. Shiba Inu said earlier this year that he is preparing to create his own “engraving portal”; SHIB tokens will be burned and withdrawn from circulation daily by the platform. The development will increase demand and create a shortage in the market, setting the pace for long-term price growth.

According to @shibainuart, ”The SHIB Burn portal is entering final stages, as well as it will have rewards earning abilities.” Other updates shared by @shibainuart pertain to ShibaSwap and SHI: ”ShibaSwap V2 is being constructed with new opportunities to earn, and a new UX and UI design. Also, SHI (SHI) is confirmed to be in development.”

Shiba Inu recently unveiled their Metaverse, which will consist of 100,595 plots of land. The plots will be unlocked in phases. During the introductory phase, the team will unlock 36,431 plots, which will be divided into four tiers (“Silver Fur”, “Gold Tail”, “Platinum Paw”, and “Diamond Teeth”). Prices vary from 0.2 ETH to 1 ETH, depending on the level, as the team maintains that they wanted to choose a neutral token for pricing.

SHIB trades at $0.00002614 and is ranked the 15th largest cryptocurrency by market capitalization per CoinMarketCap data.