Shibarium has emerged as a powerful platform for innovation within the blockchain space. The layer-2 solution is breathing new life into the Shiba Inu ecosystem, and a group of pioneering projects is leading the charge.
These projects, including TFW (Tutti Frutti Women), Lumibots, WoofSwap, and Mantra, are not just creating applications, but an entire ecosystem that has the potential to redefine the future of decentralized networks.
Each project, embedded within Shibarium’s sophisticated architecture, offers a unique contribution. From transforming decentralized finance (DeFi) to revolutionizing interactions in Web3, these initiatives are more than just code; they are vibrant communities built on collaboration.
Founders, developers, and users come together to push the boundaries of what blockchain technology can achieve.
We will delve into their ongoing endeavors and gain exclusive insights from project founders through interviews. These stories will showcase how these leaders navigate challenges, inspire their teams, and find the motivation to innovate in a constantly evolving digital landscape.
Project Spotlights:
WoofSwap
WoofSwap, a community-driven decentralized exchange (DEX) on the Shibarium network, has emerged as a vital hub for DeFi liquidity. Operating akin to Ve33 Finance, WoofSwap leverages Shibarium’s scalability to facilitate seamless token creation and burning processes, enhancing utility and liquidity within the ecosystem.
Spearheaded by Woof, the platform introduced the $DAMN token in March.
The introduction of $DAMN has notably boosted Shibarium’s TVL, illustrating the tangible impact of active projects on the ecosystem’s development and prominence among the crypto community.
This dynamic duo of WoofSwap and $DAMN signifies the community’s dedication to innovation in decentralized finance, showcasing Shibarium’s potential to reshape the future of finance within the crypto landscape.
Its founder Woof offers insights into a launchpad for new tokens and weekly X Spaces discussions.
Woof told The Shib that users will be able to remove funds before the mint is complete.
We also asked him if a mint can be canceled by the creator and if the cancellation occurs, will funds be automatically returned to users?
“NO, once the deployment is completed, it has nothing to do with the deployer and cannot be canceled by anyone. Before the minting is completed, anyone can refund (send A token to the A token contract address),” said Woof.
When questioned about whether the Swap Fee is the technical term for “Auto-Burn” and if all Minted Tokens are still set to a .2% Fee, he elaborated, “Swap fee is the fee Woofswap uses to charge liquidity providers. I don’t know if it is a professional term, but it means this 0.2% is fixed and applies to all trading pairs on Woofswap, and also applies to tokens on Launchpad.”
Not just this, Woof says his experience with Shibarium is all positive. “The gas fee is very cheap and the speed is very fast. It’s perfect for meme coins and NFTs.”
LumiBots
LumiBots, another project on Shibarium, showcases a strong focus on community engagement.
The pioneering robot NFT collection exclusive to Shibarium stands as a testament to innovation within the ecosystem. Firmly rooted in Shibarium, LumiBots remains committed to its home blockchain, with no plans for expansion to other chains.
Since its inception in the summer of 2023, the collection has burgeoned to over 10,000 pieces, reflecting the dedication and creativity of its creators.
In addition to the NFT collection, LumiBots offers the LUMI and LUMS SRC-20 inscription tokens, both available on the Shibarium platform WoofSwap. This integration underscores LumiBots’ commitment to providing comprehensive utility within the Shibarium ecosystem.
Here are some latest highlights from its founder Clifford:
Clifford, the founder of LumiBots, recently acquired the “blue check mark” and initiated KYC processes. We discussed how these efforts contribute to LumiBots’ credibility and market positioning, especially considering the recent token swap to “LumiBots Of Shibarium.”
Clifford explains, “My goal is to provide the community with a sense of security and peace of mind. Earning the blue check mark and completing KYC demonstrates that LumiBots is a serious project committed to building within Shibarium.”
We also inquired about the rationale behind the tokenomics adjustments from the previous LUMI ERC-50 token to the recently launched “LumiBots Of Shibarium” token. Clifford clarifies, “The ERC-50 token and the redeployment of ‘LUMI’ – this I did because for the token to be minted completely it would have taken 5 million Bone which I felt would be far too much for us to raise. More than likely, we wouldn’t have raised that much to complete the mint so a redeployment was necessary.”
“As for aligning with our long term goals, launching an ERC-50 token was never part of the original plan, however as new standards and developments increase and are introduced into the space, I feel it is important for LumiBots to be involved in supporting and fostering the adoption of things within Shibarium with hopes that at the very least we can contribute to Bone used for gas fees which in return contributes towards SHIB burns.”
Clifford also shared his experience using Shibarium, “My experience using the Shibarium chain – it has been overwhelmingly positive.
“On-chain downtime is very limited. I don’t know the exact number but if I had to guess, I would say that the uptime is probably around 98 or 99% which in itself is incredibly reliable.”
Tutti Frutti Women
TFW (Tutti Frutti Women) exemplifies how Shibarium projects can leverage blockchain for social good.
TFW advocates for cancer warriors with a powerful message conveyed through NFTs: warriors are bold, brave, and beautiful. Since its establishment in 2022, it has remained steadfast in supporting cancer warriors and raising awareness about the disease.
TFW’s accomplishments extend beyond the digital realm, with real-world initiatives like distributing an exclusive NFT collection to early supporters and organizing weekly cancer awareness campaigns and newsletters. These efforts foster crucial conversations and initiatives within the community, amplifying TFW’s impact and outreach.
Participation in events like Shiba Fest, the upcoming feature at NFT.NYC, and appearances on Times Square further magnify TFW’s message, reaching a broader audience and solidifying its position as a catalyst for change.
Here’s a look at some of their initiatives, as shared by its creator Andreia:
We spoke with Andreia about the impressive milestones reached with TFW, including the recent Leash giveaway and nearing the targets for Bone and SHIB Dream NFT giveaways. Andreia enthusiastically responds, “Oh, absolutely! It’s fruity and exciting, and my heart is overflowing with gratitude for every TFW NFT mint. Witnessing these beautiful warriors being cherished by such awesome people is a double win.”
We then asked about the launch of the $TCW token on the PIKA Launchpad. Andreia offers insights: “To me, the new ERC-50 is like a breath of fresh air in the crypto space! It’s nice to see so many communities embracing this new protocol and launching their tokens through the PIKA Launchpad on Shibarium.
“The idea for $TCW is it is both an experiment and a passion project. I wanted to create something that would not only raise awareness for our non-profit organization and its mission but also contribute to the growth of Shibarium and enhance the value of the $BONE token.”
Andreia continues, “Now, as for any potential financial benefits, well, who knows, right? But whatever funds we do raise will go straight to Tutti Cancer Warriors, our non-profit organization, which we’re currently in the process of legally registering. It’s a labor of love, really, and the community is at the heart of it all.”
Andreia concludes by sharing her experience with Shibarium: “My journey with Shibarium has been fantastic so far! It’s become our cozy home in the crypto world, especially with such an amazing community backing everyone up.”
Mantra
Mantra, a prominent player in the Shibarium ecosystem, launched its NFT marketplace on August 28, 2023. This dynamic platform has quickly become the central hub for NFT activity within Shibarium.
Initially envisioned on a founder’s laptop, Mantra has grown into the core of Shibarium’s NFT scene, facilitating over 500,000 transactions and amassing a trading volume exceeding 650,000 BONE.
Mantra goes beyond just being a marketplace. It positions itself as a continuously developing protocol. The feature-rich platform offers a user-friendly experience with functionalities like browsing, filtering, sorting, and integrated royalties.
We asked Mortinp, the founder of Mantra, about his experience with Shibarium.
“Operating within the Shibarium ecosystem since its inception, Mantra has embarked on an extraordinary journey of learning and growth. As the largest chain in which Mantra operates and the premier NFT marketplace, Shibarium has not only brought financial benefits but has also served as a catalyst for innovation and progress,” Mortinp told The Shib.
“Shibarium’s L2 blockchain solution has empowered Mantra to unleash a plethora of new features for its NFT protocol while fortifying its core systems infrastructure. This strategic positioning has propelled Mantra several steps ahead in the execution of its roadmap, setting the stage for groundbreaking advancements in the NFT space,” he added.
Mantra is constructing the liquidity layer for the Shibarium NFT ecosystem, enabling a hyper-economy and diverse financial services. Through lending, NFT holders can access instant loans using their assets as collateral. However, Mantra aims beyond lending, envisioning an NFT Liquidity Protocol with various services. Incentivized pools, NFT ATM, Options underwriting, and more will boost liquidity. Additionally, services like lending and debt refinancing will enhance liquidity utilization, cementing Mantra as the hub for NFT liquidity in Shibarium.
A Call to Action: Inspiration and Collaboration
The stories of these projects illuminate the power of teamwork and innovation within Shibarium. By showcasing their achievements, we hope to inspire the entire Shibarium community.
We also reached out to other projects, but they were too engrossed in developing remarkable innovations on Shibarium.
Through collaboration and a shared vision, Shibarium has the potential to become a breeding ground for groundbreaking ideas that redefine the future of decentralized technologies.
