There are plenty of new projects and updates coming to the Shiba Inu ecosystem soon, but without a roadmap to follow, this can be difficult to track.
Much of this interest in SHIB comes from three things: memes, adoption, and new projects. The likes of NOWPayments, BitPay, and Newegg all now accept SHIB, for example. Here, we’ll take a look at all the upcoming expansions to the Shiba ecosystem.
Shiba Inu Coin Roadmap
There is no official Shiba Inu Coin roadmap or development timeline, given the decentralised nature of SHIB. However, we’ve created a somewhat accurate expectation of what’s to come for SHIB below.
Two of the most promising developments in the ecosystem are the Shibarium L2, and the Doggy DAO. Shibarium will be SHIB’s Layer-2, allowing its users to avoid the expensive transaction fees they currently face when using the base Ethereum blockchain for transactions.
The Doggy DAO will be SHIB’s form of community governance. Referenced in the Shiba Woofpaper, holders of the BONE token will play an instrumental role in future Shiba Inu developments as part of the Decentralised Autonomous Organisation (DAO).
We’d expect updates on these in the coming months, perhaps in Shiba’s project lead Shytoshi Kusama's next Medium post.
One of the SHIB projects we know the most about is the upcoming Shiba Inu game. First teased by Shytoshi, Australian developer PlaySide Studios will create the Shiba game, alongside former Activision developer William Volk. PlaySide expects development to take eight months, with the game slated for a Q1 2023 launch.
Looking further into the future, and after the release of Shibarium, we should expect to see the release of ShibaNet. ShibaNet will act as Shiba Inu’s dedicated marketplace, allowing users to trade goods and services with the SHI stablecoin.
Of course, for some SHIB holders, all that matters here is how this utility affects the price of SHIB. While it would be easy to suggest this is all incredibly bullish, and will lead to SHIB losing several zeros, there is never any guarantee of that happening in cryptocurrency. Instead, by adding utility, SHIB may safeguard itself from stagnation and a sharp decline by giving ShibArmy an actual reason to spend and use their tokens.
[Image: Andy Holmes/Unsplash]