- Shiba Inu’s SHIB The Metaverse, powered by the Shibarium Ethereum Layer 2 blockchain, aims to unite the fragmented metaverse landscape while offering next-generation gaming capabilities.
- Showcased at SXSW, the Alpha Preview version of SHIB Metaverse revealed the potential of the WAGMI Hub, the first of 11 hubs within the platform.
Shiba Inu is taking a giant leap from being a meme community to a technology-driven movement with the upcoming launch of SHIB The Metaverse on the Shibarium Ethereum Layer 2 (L2) blockchain. SHIB The Metaverse aims to empower users to create businesses, structures, Decentralized Finance (DeFi) platforms, and much more within its virtual world.
The metaverse currently consists of multiple isolated worlds, which the SHIB The Metaverse, powered by Shibarium, plans to unite. The platform will allow users to engage in everyday activities while integrating next-generation gaming capabilities. To bring this vision to life, Shiba Inu has invited studios from around the globe to utilize the Shibarium blockchain, fostering the creation and engagement of new games.
Shytoshi Kusama, a Shiba Inu lead developer, shared his enthusiasm for the SHIB The Metaverse, stating,
This incredible metaverse experience will allow anyone from any walk of life to explore, create, discover, trade, sell items, buy items, and live in a new world that rewards their participation with tons of opportunities and experiences. Now add that to the Shiba Inu token ecosystem, the new Shibarium blockchain, and the best community on the planet: ShibArmy! This level of quality can only be accomplished by tapping the incredible minds and technology of our community and contributors.
SXSW Showcases Alpha Preview of SHIB Metaverse
The Alpha Preview version of SHIB The Metaverse was recently showcased at the renowned South by Southwest (SXSW) event from March 13 to 15. Founded in 1987 in Austin, Texas, SXSW serves as a platform for creative individuals to exhibit their work, network, and participate in conferences and festivals. The Alpha Preview demonstrated the potential of the WAGMI Hub, the first of 11 hubs within the SHIB Metaverse.
The Metaverse Advisor Sherri Cuono commented on the technical advantages of Shibarium, saying,
By leveraging advanced cryptographic techniques, off-chain computation and storage, and other innovative solutions, Shibarium can provide a wide range of technical benefits, including increased throughput, reduced latency, lower fees, improved privacy and security, and greater flexibility and interoperability. These benefits can help to drive the next wave of blockchain and SHIB The Metaverse innovation, unlocking new possibilities for decentralized transactions, gaming, social media, and other emerging use cases.
Cuono’s meeting with Ted Schilowitz, a futurist at Paramount Pictures, at SXSW has fueled speculation about significant advancements in the SHIB Metaverse project.
Despite the excitement surrounding the launch, Shiba Inu is currently experiencing a bearish sentiment, trading at $0.00001. The price has dropped about 3% in the last 24 hours but is up 1.4% in the past week. The SHIB Metaverse launch may alter this trajectory as the platform attracts users and developers seeking to explore and create within the unified metaverse landscape.