Shibarium Isn't Out Yet But Several Projects Claim They're Launching On SHIB's L2 Solution

Shibarium, the layer-2 scalability solution and one of the highly-awaited projects of the Shiba Inu ecosystem, has no release date yet but several developers are already building and claiming that they will launch on the platform.

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu ecosystem, previously described Shibarium as the game-changer project that will truly show the power of Shiba Inu. With the excitement surrounding the project, it is no longer a surprise to see projects announcing they are launching in the layer-2 blockchain.

Among these projects is Paw Token, which according to its founder, "will burn tons of SHIB."

In an announcement of the project's official page, its creator who uses the Twitter handle @jds_updates said that their "token has NOT been deployed and will be available soon after #Shibarium is released."

The PawZone team is currently developing an NFT marketplace called Pawzaar, which will be integrated into the Shibarium network.

The team also has plans to create the Shiba Inu Gaming Guild, which aims to be the premier crypto gaming guild for the Shiba Inu community and other blockchain gamers.

Another project promising to launch on Shibarium is DogPad Finance, a launchpad ecosystem. In a Twitter thread last week, its CEO, who goes by the pseudonymous name Talio, shared an update about the project and admitted they have been working for Shibarium "for a while."

"My team and I have been preparing for #Shibarium for a while and decided to release $DOGPAD as the first launchpad ecosystem for the chain," a tweet read.

"We have few utilities already done, and will keep working to release them in the next days, having every utility stated on our website before the Shibarium's launch in February," another tweet stated.

While these projects are promising, it is worth noting that the Shiba Inu development team has not yet said anything about them.

Shib Army fudders fighter who goes by the Twitter handle @Dezaxe warned the community about scammers riding the wave of excitement surrounding the launch of Shibarium to deceive unsuspecting investors.

The account also advised the community to "DYOR" or do your own research about any project they want to invest their money into.

"SHIBARMY Lots of 'new projects' just popped up claiming to want to use #SHIBARIUM. Beware, projects of 2 weeks or less that appear trying to sell you a token and have no product are very suspicious. Always DYOR and be very careful," the tweet read.

SHIB, the native token of the Shiba Inu ecosystem, was trading up 0.59% at $0.00001176 with a 24-hour volume of $260,373,487 as of 11:33 p.m. ET on Tuesday, according to the latest data from CoinMarketCap.