Shibarium Hits 1 Million Wallets Since Relaunch, Adidas Unveils Web 3.0 Residency Program

Here are some of the major developments from the world of crypto over the past few days
Shibarium Hits 1 Million Wallets Since Relaunch, Adidas Unveils Web 3.0 Residency Program
Shibarium Hits 1 Million Wallets Since Relaunch, Adidas Unveils Web 3.0 Residency Program

The Shibarium network has surpassed the one million mark, the official Shibarium team announced in a blog post on September 3, 2023. 

The Shibarium network, a layer-2 Blockchain developed by Shiba Inu, has seen a sharp increase in the number of wallets since its relaunch a few days back. About 900,000 wallets have been added since Shibarium’s relaunch on August 28, 2023. This was only two weeks after the Shibarium network first went up, albeit with some technical difficulties.

Apparently, the Shibarium network activity has soared despite the price of SHIB falling more than 20 per cent since the tumultuous launch of the layer-2 network.

As of 5:04 am UTC on September 3, 2023 nearly 100,000 transactions had been made, with a peak activity of 132,000 transactions on August 25, 2023, according to information from the Shibarium

Blockchain explorer. The total value locked (TVL) on the Shibarium network has not yet increased in response to the increase in network activity. Shibarium’s TVL is barely $1.06 million at the time of publication, indicating that users are only investing very little money on the network.

Adidas Unveils Web 3.0 Residency Program

The Adidas Studio, also known as the Triple Stripes Studio, has launched a Web 3.0-based digital artist in residency program to showcase and support budding creators in the non-fungible token (NFT) space.

The program was announced on August 31, 2023 and will officially launch on September 4, 2023 via a series of online and in-person events until September 11 of the month, according to Cointelegraph.

According to the program’s website, the aim is to collaborate with up-and-coming artists and provide a “creative pathway for digital artists to further connect with the brand and their passionate community of collectors and connoisseurs.”

Adra Kandil, also known as Dearnostalgia and Moto (Monkeemoto), has been unveiled as the first two resident artists of the program, which will kick off with the sale of two open edition and two limited edition NFT art sales on September 6, 2023.

Dearnostalgia utilises a blend of photography, typography and digital montages to create their work, while Moto’s work revolves around digital illustrations, fashion, landscapes and gaming.

Stylus Is A Game Changer For EVMs, Says Arbitrum Founder

Arbitrum-building Off-chain Labs co-founder Ed Felten has said that the recently-launched Arbitrum Stylus could attract more programmers to Ethereum Virtual Machines (EVM) to enhance its code, thus making it safer.

Felten praised the Arbitrum Stylus, a recently launched tool for Arbitrum developers which Off-chain published on a testnet on August 31, 2023, at the Korea Blockchain Week. 

The Arbitrum Stylus lets programmers create Arbitrum apps by using languagesm such as Rust, C, and C++. According to Felten, the Arbitrum Stylus, will let non-Web 3.0 native developers “use the languages and the development tools that they're used to”.

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