What Is SHIB Token Shiba Inu Cryptocurrency

SHIB is an ERC-20 altcoin created on the Ethereum Blockchain. Known for going viral as a meme coin titled "The DogeCoin Killer" and soaring to record-breaking price levels, Shiba Inu Token remains one of the top cryptocurrencies by market cap.

SHIB is the primary token of the Shiba Inu Ecosystem.  The SHIB token is part of an extensive project including Metaverse and Blockchain developments.  While there are additional tokens in the ecosystem, SHIB remains the most well-known.

Shiba Inu Ecosystem

Shiba Inu Utilities

Shiba Inu has released many official utilities.

Shiboshi NFT use cases add additional utility to this project and future benefits to new products entering the ecosystem.

The incredible community backing Shiba Inu have gone above and beyond to create their own utilities for burning SHIB tokens.  These community burn projects range from YouTube videos to Spotify playlists where revenue generated is used to send SHIB tokens to an unusable wallet (burning them).

Shibarium Blockchain

The blockchain is under development, Shibarium will become a powerful layer 2 blockchain and provide a transitional evolution with the Shiba Ecosystem. Shibarium’s layer 2 is a collective blockchain that scales and invites solutions, innovation, and security to the Decentralized Finance Space.

Shibarium chooses to inherit the power of the Ethereum blockchain in its layer 1 mechanics and build on top of them to improve the efficiency of the secure network and new protocol.

Expect Shibarium to grow quickly once released, with a powerful community and a war chest of utilities the Shiba Inu Blockchain could host some impressive features right at launch.

SHIB Metaverse

The upcoming metaverse will be an immersive experience that will allow users to explore, learn from, and interact with the Shiba Inu Universe utilizing every feature of the ecosystem including all of the tokens and Shiboshis.  Find out more in this article I dedicated to the SHIB Metaverse.

I created my first website in 2004, bought my first cryptocurrency in 2016, minted my first NFT in 2022, and have a complete NFT collection ready to be released and going live in 2023. I write about cryptocurrency, decentralized finance, non-fungible tokens, and...