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After more than two months of battle testing the Shimmer Beta version, today sees the official launch of the Shimmer network.
Shimmer extends the DAG ledger with a composable tokenization framework, opening up new possibilities to tokenize everything (NFTs, real-world assets, stablecoins, fan tokens, etc.) natively on Layer 1 without fees.
This framework is the foundational basis for Shimmer’s smart contract execution layer, which includes full EVM compatibility with the upcoming ShimmerEVM launch. The ShimmerEVM will be the first network to start forming a multi-chain ecosystem based on the feeless, parallelized DAG ledger of Shimmer.
With the completion of the fair token distribution earlier this year, where 100% of the SMR tokens were distributed to the community, SMR token holders are today able to claim their tokens using the Firefly wallet. Major exchanges have signaled integration of SMR trading pairs, with Bitfinex being the official launch partner for SMR tokens.
Following months of extensive beta testing by Foundation and community builders, this one-of-a-kind Layer 1 (L1) network is made possible by the recent Stardust protocol upgrade and includes a highly modular tokenization framework. By providing the foundational basis of IOTA 2.0, this launch will have a domino effect, enabling the creation of the first chain in a multi-chain environment based on the feeless, parallelized Shimmer DAG.
The Shimmer Network
The Shimmer network is the IOTA ecosystem’s dedicated innovation network. All core protocol improvements and feature upgrades will be battle-tested here first, making it the ideal innovation ground. It’s more than a test network thanks to its native $SMR token and the baked-in economic incentives that token offers community members. These incentives will eventually attract and foster its own economic ecosystem. There are a number of dApps already prepped for deployment on Shimmer.
IOTA’s longstanding community-mindedness is at the heart of this mainnet launch. Shimmer’s unique tokenization framework empowers users to mint, manage, melt or burn custom layer 1 tokens and NFTs. Versatility, interoperability, and composability are at the core of this development, and Shimmer is capable of connecting any type or flavor of L2 smart contract chain anchored to it.
Read more: https://blog.shimmer.network/shimmer-network-and-token-launch/
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