The Shimmer Network is a staging network that facilitates network upgrades in the IOTA space.
It provides several benefits like feeless trading of NFTs, tokenization framework, and much more.
IOTA’s staging network is all set to launch later this month ahead. As per the latest announcement, the launch of the Shimmer network will happen on 28th September, later this month.
The Shimmer network is a staging network launched by the IOTA Foundation last year in 2021. This network helps to facilitate network upgrades in the IOTA space.
Wen #Shimmer launch?Mark your calendar – 28.09.2022! Boom 💣 pic.twitter.com/26hKIzAgzZ
— Shimmer (@shimmernet) September 15, 2022
Shimmer is a Layer-1 innovation network that seeks to push the growth of feeless and highly interoperable digital assets. Similar to the IOTA blockchain, Shimmer is also a DAG-based parallelized settlement layer with a higher L2 anchoring capacity than the standard blockchain. The Shimmer staging network also serves as the
