BONE Token's Expanded Role In Shibarium Ecosystem

According to ShibDaily, Shytoshi Kusama has unveiled the expanded utility of BONE, the gas fee token for Shiba Inu's Layer 2 solution, Shibarium. In a recent blog post, Kusama addressed the Fear, Uncertainty, and Doubt (FUD) surrounding BONE, emphasizing its pivotal role in blockchain innovation. The post comes as anticipation builds for the launch of the Shiba Inu Treat (TREAT) token. Kusama highlighted the team's efforts to establish relationships with exchanges, aiming not only to list TREAT but also to demonstrate Shibarium's capabilities and integrate all ecosystem projects. Despite operating without large budgets, the team has faced challenges, with Kusama suggesting that FUD is often spread by those close to the project who are aware of its development. The blog post redefines BONE's role beyond a simple gas token, introducing its function in a planned layer 3 system utilizing Fully Homomorphic Encryption (FHE). This new utility expands BONE's core function as a gas token for Shibarium, making it essential for on-chain functionality and as a transaction medium for an expanded ecosystem of layer 3 projects. Kusama elaborated on an experimental project allowing users to create roll-ups, similar to Arbitrum or Optimism, which would settle on Shibarium. This design positions BONE as crucial for both settlement and data availability layers, ensuring blockchain transaction data is accessible and verifiable, which is vital for scalability and efficiency. The project compares BONE's use case to that of Celestia and its token TIA, highlighting Shibarium's dual role as a settlement and data availability layer. In addition to its architectural roles, BONE is intended to serve as the central hub for all "Spoke" chains, utilizing cross-chain enablement via Chainlink for all protocols. This underscores BONE's importance and the project's serious intentions, placing it at the center of an expanding network where its utility extends beyond individual transactions to the overall connectivity of the ecosystem. Kusama's blog concludes by emphasizing BONE's future utility and the project's focus on further adoption of Shibarium. The narrative around BONE is evolving, transforming from a simple gas token to a central element in a growing ecosystem, with expanded functions as a settlement and data availability layer, and as the foundation for new layer 3 projects operating through Shibarium.