According to the chairman of Cypher Capital, the community’s passion and support are critical to the success of any blockchain initiative. Despite a stormy and hard 2023, Shiba Inu is devoted to their vision of building an inclusive cryptocurrency ecosystem. The company is actively working on a new privacy-focused layer 3 blockchain while also developing its metaverse and layer 2 chain.
Shiba Inu raised $12 million the previous month by selling the TREAT token, which serves as the governance token for its layer 3 blockchain. Bill Qian spoke eloquently about the future of meme coins, layer 3, and Shiba Inu’s proactive role in reviving decentralised governance.
Investing in Shiba Inu aligns with Cypher Capital’s larger goal of unlocking the cryptocurrency sector’s limitless potential. Shiba Inu’s new approach to generating a network state and building Layer 3 piqued the interest of Cypher Capital and other leading cryptocurrency firms. One factor that distinguishes Shiba Inu from its competitors is that the crypto industry has yet to thoroughly investigate the concept of Layer 3 architecture and network state production. Cypher Capital and other major cryptocurrency firms are attracted by the possibility to experiment with new models.
Shiba Inu are very interested in building a vibrant community, encouraging tactical cooperation, and campaigning for inclusive government. Cypher Capital expects that Shiba Inu will inspire a movement that will bring new dimensions to the financial and decentralized governance sectors. Bill Qian believes that community participation is crucial to the development of meme coins. Shiba is one of the most popular decentralized projects, with over a million on-chain holders.
An active Shiba-focused community contributes to the project’s continuing growth and evolution while also increasing awareness and adoption rates. Shiba Inu has demonstrated its ability to build a thriving community in support of its memecoin. Shiba Inu’s team has been working on unique improvements in the crypto market while also reinforcing its position as a top-rated cryptocurrency. Cypher Capital is enthused about the potential real-world applications of blockchain networks, notably the introduction of Shiba Inu’s Layer 3 blockchain. Shiba Inu has the ability to give useful solutions within the blockchain environment.
Bill Qian believes that a layered strategy has the potential to transform the creation and operation of dApps. The clever aspect of layer 3 blockchain is that developers will be able to optimize each layer for its intended purpose while leveraging the strengths of other blockchain networks. To suit their own requirements, modern Web3 games create and deploy their own layer 3 chain solutions. Layers 1 and 2 already exist, allowing them to make use of their scalability and security.
Bill Qian expects that each layer 3 blockchain will result in greater development flexibility, increased efficiency, and the use of dApps. Although layer 3 blockchain has significant opportunities, there are a few possible problems, such as infrastructure expansion and compatibility between layer 3 and its predecessor levels.
