Explore Shiba Inu’s 2024 achievements, from launching Shibarium to SHEboshi’s NFTs, signaling innovation in the crypto space.
The marketing director and well-known Shiba Inu team member, Lucie, has provided a thorough report highlighting several significant milestones and advances for the project in 2024. One of Lucie’s several highlights of the excellent work so far was the release of Shibarium, Shiba Inu’s revolutionary layer-2 blockchain technology meant to boost scalability and transaction efficiency.
These developments demonstrate Shiba Inu’s unwavering commitment to growth and innovation, positioning the project for sustained success in the quickly evolving cryptocurrency space.
Key Shiba Inu Developments in 2024
Lucie, a team member of Shiba Inu, began using the Shibarium blockchain solution. Since the technology was first presented, Lucie pointed out, it has made significant progress, increasing the Shiba ecosystem’s efficiency and scalability.
The project’s ecosystem took a significant step forward with the launch of the blockchain in August 2023, which attracted millions of users in its first few weeks of operation. One of the primary problems the Shiba Inu ecosystem was experiencing was scalability, which Shibarium seeks to address.
Shibarium aims to alleviate long-standing consumer grievances regarding Ethereum’s exorbitant gas costs by significantly decreasing transaction costs. This paints a favorable picture, implying that Shibarium might make Shiba Inu a formidable rival to DeFi.
The marketing lead then highlights SHIBdentity as the next advancement. The team proposed the idea to usher in a new era of digital identification. It seeks to give people complete control over their digital identities using trustworthy authentication and legitimate credentials that can be confirmed.
In addition, it offers private peer-to-peer chat, spam reduction, and real-time communication. SHIBdentity will have to interact with Shib Name Service (SNS) to enable friendly messaging and offer names that humans can read.
The launch of Shiba Inu’s SHEboshis Non-Fungible Tokens (NFT) collections represents the following significant milestone. These collections open the door for creating hybrid tokens that offer shared ownership and individuality to NFT enthusiasts.
SHEboshi collections, introduced as a DN404/ERC-404 coin on the Ethereum network, include 20,000 original works of art. It is noteworthy that SHEboshis represents a daring leap into the future and embodies art, innovation, and the spirit of the SHIB community.
Future Layer 3 Blockchain
Lucie also emphasized the much-awaited Privacy-Focused Layer 3 Blockchain Development for the project. This layer three blockchain aims to increase user privacy by allowing calculations on encrypted data without decryption.
The team has raised $12 million in investment to construct the blockchain thus far. The unreleased TREAT was sold to a consortium of venture capital firms, including Big Brain Holdings, Polygon Ventures, Animoca Brands, and Shima Capital, as part of the financing round.
Lucie said another noteworthy accomplishment for the initiative this year was Shiba Inu’s appearance at the Token2049 conference in Dubai. Shiba Inu participated in the event halfway through April as a gold sponsor.
The marketing lead highlighted the Shibarium blockchain’s integration of ShibaSwap, the ecosystem’s native decentralized exchange (DEX). Enhancing users’ ability to directly influence the solution’s ecosystem by creating new liquidity pools for the tokens they want is a crucial part of this integration.
