Crypto Updates

Shiba Inu Launches Shibarium Portal to Boost Adoption, Warns Crypto Traders to Avoid Beta Tokens

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

The team building Shiba Inu’s highly anticipated layer-2 blockchain Shibarium has released a portal dedicated to boosting adoption of the new network.

The ‘Join Shibarium’ portal is designed to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem.

Lead developer Shytoshi Kusama hopes the new site will make it easier for anyone looking to build on Shibarium to collaborate.

“Ideally, this intake system will allow us to find the best projects and link them together with others who can help or assist. It’ll allow us to meet the army and remain organized in the process.

It’ll allow us to grow Shibarium’s reach with professional companies, and allow us to reset our relationships with businesses that we’ve connected to in the past. Finally, it’ll help us find the right validators.”

Shibarium is designed to be similar to other layer-2 scaling solutions like Polygon (MATIC).

The new network will let developers create custom tokens within the Shiba Inu ecosystem. It’s also expected to significantly speed up transaction speeds and lower gas fees.

As Shibarium gears up for an imminent beta launch, Kusama is also sending an alert to crypto traders, warning them to watch out for new tokens that launch on the nascent network.

“Important Reminder: During the beta all tokens and products on the beta network are for testing purposes ONLY. Don’t get scammed and buy anything you’ll find on Shibarium until the Shibarium main net launch.”

The beta version of Shibarium is expected to launch next week. A launch date for the official release has not been set.

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