Shiba Inu, the meme-based cryptocurrency, has launched a revamped Shib.io website with new branding for its Shib The Metaverse game. The website also includes a “Quick Buy” option for users to purchase land in the metaverse. Shib – The Metaverse is a key piece of the complex ecosystem Shiba Inu is developing, anchored by the Ethereum layer-2 Shibarium network.
Announcing the website reveal, the MemeFi project included a 113-second video previewing Shib The Metaverse, including different environments and village scenes. In the past few days, the Shiba team officially unveiled its metaverse at the SXSW Festival in Austin, Texas, starting with the first Hub called WAGMI Temple.
Built on Top of Shibarium
The firm has also announced that SHIB Shibarium, Shiba Inu’s much-anticipated Ethereum Layer 2 (L2) blockchain, will serve as the foundation upon which the Metaverse will be constructed. Shibarium is intended to be a fully operational, self-sustaining protocol. Shibarium, whose PuppyNet test version just went online, will be one of the first applications to debut on the protocol.
While the goals Shiba Inu has set for itself may not be novel in the larger crypto ecosystem, they are certainly novel in the meme coin ecosystem, where they are leading the charge to establish their own smart contract center. Shibarium is intended to be a more advanced tool on Ethereum, promising to speed up transactions dramatically while also making them cheaper.
Shiba Inu’s Shibarium protocol will compete with Optimism and Base. While Paw Swap is one of the top names currently building on it, there have been confirmations of several other developers working on various solutions. This latest release is another proof of Paw Swap’s contribution to the overall success of the meme currency ecosystem.
