Blockchain interoperability-focused network, on Tuesday, the 11th of May, announced – through a twitter post that current Defi darling, Shiba Inu token, is now available on the platform. The $SHIB token’s community, which expererienced a +300 rally over the past weekend, through to Monday, can – aided by Nerve’s Cross-Chain Bridges – now operate the token on two blockchains.
Through a tweet on Tuesday, the Nerve Network, a digital assets interoperability centered blockchain announced that crypto traders, interested in Shibaswap’s Shiba Inu ($SHIB) token can now use the token on the Nerve Network – instead of, exclusively, on the Ethereum blockchain. This was achieved through Nerve’s Cross-Chain Bridges, which are geared towards fostering a seamless crypto economy, through asset interoperability.
“[$SHIB] is an experiment in decentralized spontaneous community building. SHIB token is our first token and allows users to hold Billions or even Trillions of them. Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking).” Quoted from Shibatoken.com
The jury is still out on whether, or not, the team behind the Shiba Token are pleased with the move, as they seem to have specifically pointed out that $Shiba was an “ERC-20 ONLY” token. Perhaps the fact that the Shibaswap platform token is now open to wider adoption may be welcomed, as they’d likely have to work together to make it happen.
At time of writing, $SHIB is trading at $0.00003143 on Huobi Global, while Nerve’s native asset, $NVT is trading at $0.07700000 on Bittrex. Shiba Inu is up 8% on the day, but down from an open of $0.00003308. Nerve token, on the other hand, is down from an open of $0.07966999