SHIB Devs On Shiba Inu Ecosystem Update Behind The Scenes?

Shiba Inu News: In a market environment that is predominantly facing uncertainty around liquidity of crypto companies, developers continue to make progress in the background. Although the FTX collapse took the crypto market’s credibility backwards by a significant extent, it is not necessarily halting progress in terms of technology. In this context, reports suggest that the support for crypto projects from bigwigs like Elon Musk is all set to further adoption of web 3.0. It is well known that Musk is fond of popular memecoin Dogecoin (DOGE).

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The impact of Musk’s social validation of DOGE is huge, so much so that it gave an entirely new dimension to the way memecoins are perceived. Meanwhile, the Shiba Inu (SHIB) developers are likely involved in a huge network upgrade that is perhaps more important than Shibarium, which is the layer 2 blockchain scaling solution of SHIB.

Shiba Inu Ecosystem Update Soon?

In a latest, Shiba Inu developer ‘Shib Trophias’ shared an update about completing design for version 1 without naming the project. The developer also said the project will be launched in phases to help with the content flow. While it was originally thought to be regarding the Shibarium project, he actually hinted at a potential SHIB ecosystem update. His tweet read,

“-V1 Design completed
– Finalizing content has been ongoing
– Launch will be in phases to help with content flow”

However, it turned out that the developer was talking about the entire ecosystem itself. This comes after a recent poll showed that the SHIB community is overwhelmingly in support of finishing the work on Shibarium upgrade.

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The Shiba Inu Metaverse team is also expected to drop some surprise news in an upcoming fireside chat event. The chat is said to be focused on an yearly roundup. Meanwhile, the SHIB price has remained largely flat with sideways movement in the recent times. As of writing, SHIB price stands at $0.000009183, up 1.06% in the last 24 hours, according to price tracking platform CoinMarketCap.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.