Floki Inu Soars to New Heights in the Cryptocurrency Market
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2022-05-12 | Selina Mathew
Shiba Inu's key financial components, Shibarium, SHI, and SHIBFE, are now under development and nearing completion, according to an official Shiba Inu blog post. "I hesitate to provide any concrete dates at this moment," Shiba Inu lead developer Shytoshi Kusama writes in the blog post, "but I hope to see one or many of these technologies by the end of summer or very early fall."
Shibarium is SHIB's Layer 2 blockchain that uses BONE and serves as the foundation for all SHIB initiatives currently in development. Shiba Inu's stablecoin solution is referred to as SHI. "Timeline: TBD," the blog post says of SHI's development. "We're nearing completion of development and testing."
Prior to the completion of these components and the Shibshire Blastaway, Shiba Inu presented the Shibarium Contest. Shibshire Blastaway is a notion that portrays the decentralized result of SHIBFE and a finished Shibarium. According to the company, this notion of a multi-industry decentralized conglomerate that employs the SHIBFE is loosely based on Berkshire Hathaway, which has built its business on a range of businesses.
Shiba Inu has also hired its first legal counsel, Craig Kessler Esquire (CK1), who formerly worked as a legal adviser for Amazon Studios/Prime Video and Hulu. Craig will help finalize contracts for the future Shib.io Metaverse Studio, Metaverse Advisory Team, and other contracts, such as NDAs, entertainment deals, and new alliances.
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