Shiba Inu (SHIB) 2023 Highlights and Anticipated 2024 Services

In 2023, Shiba Inu (SHIB) saw the launch of various initiatives and new services.The year 2024 is expected to bring even more growth and developments.

This article provides a comprehensive overview of SHIB's key highlights in 2023 and the anticipated services for 2024, including insights from SHIB's marketing leader, LUCIE, shared on December 26, 2023.

As the new year approaches, let's reflect on SHIB's ecosystem over the past year.

2023: Key Developments in the SHIB Ecosystem

Shiba Inu (SHIB) had numerous announcements in 2023. A significant development was the new Layer 2 network, "Shibarium," along with several other projects like "Shib The Metaverse," "The Shib Magazine," and "Shib Name Service."

Shibarium: A Game-Changer for SHIB

Shibarium, built on the Ethereum blockchain, is a Layer 2 network that's pivotal for SHIB-related services, providing a smoother transaction environment.

Although Shibarium was initially outlined in January 2023, its official launch on the mainnet, despite challenges, occurred in August.

Transactions on Shibarium have been steadily increasing. Notably, a portion of the cryptocurrency BONE, collected from each on-chain transaction, is allocated for "SHIB buyback & burn," making Shibarium's growth vital for the overall SHIB ecosystem.

Increasing SHIB Burns with Shibarium

The introduction of Shibarium has garnered significant attention for SHIB burns within the community.

Moving from manual to automatic burn systems, there have been four rounds of manual SHIB burns completed as of December 23, totaling approximately 33.8 billion SHIB.

The rise in services using Shibarium is expected to further increase SHIB burn amounts.

Welly: SHIB-themed Restaurant Chain Opens

On October 31, 2023, "Welly," a SHIB-themed burger franchise, officially opened. Welly utilizes Shibarium blockchain technology for restaurant operations, customer loyalty, incentive management, and ingredient tracking.

Initially launched in Italy, with plans for expansion and vending machines in early 2024, Welly is a brand to watch in the coming year.

The Shib Magazine: Keeping the Community Informed

Launched in 2023, "The Shib Magazine" is a web publication featuring the latest SHIB-related information, including news about SHIB, Shibarium, exclusive interviews, new features, events, initiatives, and case studies.

With "Edition 7" published so far, each release is accompanied by limited NFTs. Currently available in English, it's a must-read for those following SHIB developments.

Shib Name Service (SNS): A Noteworthy Addition

One of the key SHIB-related services introduced in 2023 is the "Shib Name Service (SNS)."

Originally launched as Shibarium's decentralized ID platform in late October 2023, SNS announced plans on December 20 to offer Web2 & Web3 compatible ".shib" domains. SNS enables users to obtain digital IDs ending in ".shib," in partnership with domain-related company "D3."

This innovative attempt to provide domains for the 5.3 billion internet users marks a significant step, with early access to ".shib" domains already underway.

Exciting SHIB-related Services to Look Out for in 2024

As per LUCIE's post on December 26, 2023, upcoming SHIB-related services include "P2P Games," "Shibahub," "Shib The Metaverse," "Sheboshis," and "Shibaswap 2."

Play to Earn (P2E) Games: A New Era of Gaming

P2E, where players earn cryptocurrencies through gaming, has gained popularity. Following the release of the SHIB collection card game "Shiba Eternity" in October 2022, a P2E version utilizing Shibarium, $TREAT, and SHIBOSHIS, is currently under development.

The growth of Shibarium-based P2E games is expected to increase cryptocurrency transactions.

Shibahub: A Central Hub for DApps

Shibahub, a super app functioning as the central access point to Shibarium's diverse services, aims to make Shibarium more user-friendly.

As a hub for various DApps, users can connect their decentralized IDs for seamless access. While details are still sparse, its central role in the SHIB ecosystem is highly anticipated.

SHIB: The Metaverse

SHIB: The Metaverse, a virtual space platform, features stunning graphics and has released multiple in-game images and teaser videos in 2023. Although recent news has been scarce, more updates are expected in 2024.

Sheboshis: The Charming NFT Collection

Sheboshis, an NFT collection with adorable Shiba Inu-themed characters, sold out within 34 minutes of its October 2021 release. Plans to integrate these NFTs into blockchain games are underway, suggesting increased utilization opportunities in 2024.

ShibaSwap 2.0: The Next Level DEX

ShibaSwap, a decentralized exchange (DEX) on the Ethereum blockchain, is expected to transition to Shibarium. Though delayed, ShibaSwap 2.0 aims to transcend the limitations of traditional DEXs.

Further announcements regarding ShibaSwap 2.0 are anticipated in 2024.

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