Shiba Inu holders are eagerly awaiting the release of the newly designed Shibarium protocol. What does Shytoshi Kusama have to say about his new project, though? Let’s find out below
The Shibarium protocol has been designed to integrate a wide selection of decentralized applications. According to the news on the Shibarium Protocol Discord Server, Shytoshi Kusama stated that Shibarium will also be dealing with the minting of non-fungible tokens. Following a question posed regarding minting guidelines, he went ahead and said that the smart contracts will guide the investors depending on the option they select.
The Shibarium team has gone ahead and warned NFT investors to carry out their own research before jumping into the game. Since the protocol will still be new and has yet to be tested, it is highly encouraged, as these tokens are subject to high volatility. As a result of this, the Shibarium release is dependent on feedback from community members.
The release of the protocol will take place at the BlockChain Futurist Conference, set to take place from August 13th to 17th.
The Future of the Shibarium Protocol
According to outlookindia.com, Shibarium is going to be a major pacesetter for other meme coins. The two major meme coins that are currently trending in the market are the Love Hate Inu (LHINU) and the Tamadoge (TAMA). Shiba Inu token holders will be attracted to these meme coins thanks to the release of Shibarium.
The Shibarium protocol will also be of good fortune to the Shiba Inu token holders thanks to its ability to burn tokens, making them rare items. This will greatly increase the bullish conditions of the Shiba Inu token, especially as the supply currently overrides the demand.
It is therefore clear that the Shibarium protocol will be of good use to the Shiba Inu community.