Shiba Inu (SHIB) is arguably one of the most popular crypto tokens right now. It has one of the most loyal and supportive fan bases out there. Currently, there are over a million people who own SHIB tokens. However, SHIB’s lack of utility has often held it back. Nevertheless, SHIB’s upcoming releases may change that.
New developments
NOWPayments, the popular payment gateway, has added a new SHIB use case. The platform now allows instant withdrawals of Fiat currency for Shiba Inu tokens.
NOWPayments works with Switchere to bring the automatic conversion feature to Shiba Inu holders. Nevertheless, companies can use NOWpayments to exchange their SHIB holdings for fiat currencies.
Plus, SHIB: The Metaverse is in full swing. The team recently announced the onboarding of David Kern to the Shiba Inu Metaverse team. Kern is the former Principle Technical Artist for Sony at Zipper Interactive.
While there, he worked on 17 video game titles. He was also the technical director of Technicolor Animation & Games. He recently founded TOKENSOLID, a company that aims to create a metaverse environment for Dimensional Art & Commerce.
Upcoming Shiba Inu Releases
SHIB developer Shytoshi Kusama recently published a blog highlighting all of SHIB’s upcoming releases. The first is the launch of Shiba Inu’s own stablecoin called Shi† Shi’s mission is to counter and balance payments without being affected by market volatility.
In addition, Kusama also declared the launch of a fourth token in the SHIB ecosystem. This coin is called TREAT and is intended to be the new reward token.
Furthermore, fans, users and investors eagerly await the launch of Shibarium. This is SHIB’s layer 2 protocol. With the launch of Shibarium, the network will witness lower transaction costs. SHIB is also working on its own metaverse video game. The teaser for the game was recently released.
Given the amount of development in the SHIB ecosystem, it wouldn’t be surprising if the project lost its “meme coin” status. SHIB is heading for actual utility and use cases. And this is something to take seriously. In addition, The Herald magazine recently named SHIB “Top meme coin that will explode in 2022”.
At press time, SHIB . was trade at $0.000001041, up 2.9% in the past 24 hours.