Old tweet from Shiba Inu lead resurfaces teasing end of year development Old tweet from Shiba Inu lead resurfaces teasing end of year development
Speculation mounts over Shytoshi's reveal, which may relate to the roll out of Ethereum Layer-2 solution Shibarium.
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Updated: Dec. 29, 2022 at 10:27 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Twitter user @ShibaInuHodler drew speculation over a message posted by Shiba Inu Lead Developer Shytoshi Kusama in January 2022.
“Shytoshi is hinting at something for the #SHIB community!!! New Partnership incoming?! #shibarium?”
Shytoshi’s somewhat cryptic message mentioned a discussion with his mentor and the agreement that by the end of 2022, “it will become impossible for me to remain invisible.”
He closed by saying that once revealed, “then the real fun begins.”
Speculation mounts on what this could mean
Taken literally, it appears Shytoshi will reveal his identity. However, divulging identity does not fit with expectations, causing observers to read between the lines.
On Christmas Eve, Shytoshi said Shibarium “will come very soon*,” while hinting that it may be released shortly after the New Year.
Shibarium is an Ethereum Layer-2 scaling solution and a critical step towards evolving Shiba Inu into more than a memecoin. This includes the release of the SHI stablecoin pegged to $0.01 and functionality to host Metaverse and gaming applications.
Recent Shiba Inu Ecosystem blog posts have covered multiple articles on SHIB The Metaverse, specifically on concept art reveals of various locations within the virtual world.
Year-to-date losses for the SHIB token come in at 76%, which is similar to the drawdowns seen with Bitcoin and Ethereum.
Shiba Inu founder disappears from public life
In May, anonymous Shiba Inu founder Ryoshi deleted all his social media and article posts, sparking concern over the project’s future. He made no public statements on the matter, and his Twitter remains inactive.
In response to Ryoshi seemingly abandoning Shiba Inu, lead developer Shytoshi posted a reaction on Medium sharing his thoughts.
In the post, Shytoshi said he had no information on Ryoshi’s disappearance. However, in a bid to steady concerns, he confirmed taking over the project and fulfilling “Ryoshi’s Vision,” which consists of “Shib, Leash, Bone, Treat, ShibaSwap, Shi, Shibarium,” and establishing Shib meetups and eventually a Shibacon.
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Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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