Shiba Inu, the popular meme-inspired cryptocurrency, is set to launch its own native blockchain network called Shibarium. The network is a Layer-2 blockchain based on Ethereum and will be powered by Shiba Inu’s own token, SHIB.
Shibarium aims to reduce the reliance on Ethereum and provide lower transaction costs and faster transaction speeds for SHIB users. Additionally, the network will introduce a burning mechanism to reduce the supply of SHIB tokens, transforming it into a utility token. Shibarium’s potential use in DApps development and the Metaverse has also been highlighted by crypto analysts.
Avorak AI, a new AI crypto project on the Binance Smart Chain, is looking to team up with Shibarium to improve cross-chain liquidity. The partnership would leverage Avorak AI’s unique solutions that merge AI and blockchain technologies, featuring natural language processing technologies like chatbots and virtual assistants. These tools can assist users in transferring digital assets between different blockchain networks, making cross-chain liquidity easier to manage.
Avorak AI’s deep learning capabilities can also analyze data from multiple blockchain networks to provide insights that can improve the efficiency and effectiveness of cross-chain liquidity transactions. Investors have taken notice of Avorak AI, with Crypto Labs identifying it as an AI crypto jewel in its ICO. The current price of AVRK is USD 0.105 with an on-top bonus of 9% in phase 2.
The partnership between Shibarium and Avorak AI could offer a wide range of opportunities for users by increasing overall liquidity in the crypto ecosystem. With Avorak AI’s secure monitoring systems and commitment to safeguarding customer data, the partnership could also ensure secure and compliant cross-chain transactions.