- With the ShibOS launch, the Shiba Inu project seeks to drive a new Web3 adoption benchmark.
- Amid this launch, uncertainty continues to rock SHIB’s price in the market.
The Shiba Inu community recently unveiled a blockchain-based operating system, ShibOS, as it pushes forward with Web3 adoption. ShibOS paves the way into a fully decentralized future, allowing businesses, governments, and individuals to transition seamlessly from Web2 to Web3.
Details of the ShibOS
The Shiba Inu (SHIB) ecosystem lead developer Shytoshi Kusama reposted a community member’s X post, spotlighting the introduction of the ‘Shib Operating System.’ The new product reinforces the team’s commitment to build a comprehensive digital infrastructure that could redefine how users interact with blockchain technology.
The ShibOS is considered the “Next gen operating system that delivers a turnkey solution for Web2 to Web3 transition.”
ShibOS is available to individuals, businesses, and governments looking toward a fully decentralized future. Users can leverage ShibOS to build scalable, high-performance, and privacy-conscious applications optimized for several use cases.
The ShibOS launch marks a historic accomplishment for the ecosystem, providing new applications for people while leveraging blockchain technology. The newly launched operating system offers 36 different chambers to build apps, each with different use cases.
The different use cases offered by the newly released operating system are highlighted on the official ShibOS website. The 36 chambers include Shib Finance, FHE-Powered Identity Stack, Super HUB FUN, Shiba Inu Doggy DAO, and Tournaments Engine. Others are The Shib NFT Collection Shib Events & Ticketing Engine, all with flexible use cases.
Furthermore, ShibOS empowers developers and users with high-performance infrastructure and gasless/sponsored transactions. The new OS also helps them overcome Ethereum limitations while handling large transactional volumes. Introducing these offerings marks a landmark achievement for the ecosystem, positioning SHIB as a leader in the memecoin sector.
Shiba Inu Updates and Price Outlook
Notably, the ShibOS launch comes amid heightened expectations of other key ecosystem updates this week. In a recent update CNF covered, Kusama hinted at upcoming products relating to SHIB’s utility. The lead developer also hinted at future developments for the ecosystem’s tokens, SHIB, BONE, LEASH, and TREAT.
The TREAT token, the newest of the pack, will advance the ecosystem towards decentralization. As CNF explained in a recent coverage, TREAT will serve as a tradable token and the backbone of the ecosystem, powering global adoption.
The price of SHIB has failed to show an uptrend despite the ShibOS launch announcement. SHIB exchanged hands at $0.000019 as of press time, down by 5% in the last 24 hours. The memecoin’s 24-hour low and high were $0.00001985 and $0.00002067, respectively. Also, the 24-hour trading volume decreased by over 22% to $319 million, suggesting reduced investor interest.
Currently, Shiba Inu encounters a key resistance at the $0.000002 level. The memecoin’s future price trajectory depends on its ability to hold above this crucial level. Market participants are hopeful the recent developments could aid the token in holding above this mark, potentially pushing it to new highs.
As discussed earlier, market analyst Crypto Jaibrah expects SHIB to rally toward $0.00006 if the $0.00003 resistance is flipped.
