Shiba Inu has launched the portal for its much-awaited Shibarium solution. The team is encouraging developers and other stakeholders to get in touch.
Shiba Inu is making progress as it plans to expand its ecosystem. The team published a blog post on Feb. 26 detailing the intake process for its layer 2 solution Shibarium. It also launched the Shibarium portal, allowing stakeholders to become validators and collaborate in various ways.
The portal serves as a hub where developers, businesses, creators, and others can contribute to Shiba Inu in various ways. Lead developer Shytoshi Kusama advised stakeholders that filling out the intake form wasn’t mandatory but would help in building on the ecosystem.
With the launch of the portal, the Shiba Inu team is expected to grow its ecosystem and encourage development. The next outlined step is releasing documentation, updating the wiki, as well as releasing the beta as soon as possible. Commenting on the growth plan, Kusama said,
“We think this is the real way to build community. Ideally, this intake system will allow us to find the best projects and link them together with others who can help or assist… It’ll allow us to grow Shibarium’s reach with professional companies, and allow us to reset our relationships with businesses that we’ve connected to in the past. Finally, it’ll help us find the right validators.”
The layer 2 solution is a sign of Shiba Inu’s growing ambitions in the market. Starting off a meme coin project, it has since vastly expanded its plans and is attempting to offer more utility to its community and the market.
SHIB Burn Rate Goes Up, BONE Token Also Rises in Price
As Shiba Inu announces the next steps for its ecosystem, the SHIB token has experienced substantial burning rates. In the last 24 hours alone, it has undergone a burn rate jump of over 2,400%.
The price of SHIB has jumped by just over 2% to $0.00001272.
Meanwhile, the price of the BONE token, also associated with the project, also experienced a sharp spike of 4%, though this has since dropped. BONE will be the gas fees token for Shibarium. The token has increased by about 40% in the last 30 days.
Shibarium, Listing, and Other Updates
The Shiba Inu ecosystem has benefited from many positive developments in recent weeks. One of the most significant of these is the fact that Binance.US announced full support for SHIB.
The U.S. arm of the exchange giant made full trading available for the token on Feb. 25.
Shiba Inu has also managed to secure indirect benefits through partnerships with other firms. Binance and Ingenico recently announced a partnership, and SHIB was drafted as a payment option for the Ingenico payment platform.
Of course, it has its meme coin qualities, and as such also saw a spike in value because PlayStation announced a game that features a Shiba Inu.
BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.
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