Shiba Inu: These final steps before Shibarium launches for billion-$-market

January 3, 2023 Brazen Crypto Team Shiba 0

  • The SHIB developers hinted at the next phase toward the Shibarium beta launch with no specific launch date.
  • Based on the available information, the Shiba Inu developers have taken the first step toward launching the Shibarium beta phase after completing the network’s website update on Sunday.

Shiba Inu developers are at the final stages of completing the Shibarium updates, according to an influencer on Twitter with the username @ShibBPP. The Shiba Inu community member shared a Discord message posted by one of the network’s core developers, Trophias, who disclosed the next steps before the long-awaited Shibarium beta launch.

In the Discord message, Trophias hinted that all that is left before the beta launch is for the developers to release the Shibarium whitepaper. In addition, the developer wrote in the shared message that the first stage had been the website development, the document, and the beta launch.

Furthermore, the SHIB influencer further confirmed Trophias’ statement by sharing another message from Shytoshi Kusama in a follow-up Twitter post. Kusama’s discord message reveals that developers are integrating the final pieces of the upgrade, which will be accompanied by organizational changes and document releases before the Shibarium project launch.

It is worth noting that the core developers have previously teased the Shiba Inu community about launching the Layer-2 protocol for more than a year. The SHIB team initially scheduled the project launch for September. However, the developers revealed that there are technical flaws that would cause a delay in the planned launch. The team has yet to reveal the exact launch date, which drew the ire of the Shiba Inu community.

Taking the first step

Based on the available information, the Shiba Inu developers have taken the first step toward launching the Shibarium beta phase after completing the network’s website update on Sunday. In a recent report, Kusama stated that the project launch would not be any time soon. Meanwhile, he wants the Shiba Inu community to use this period to spend time with their families and loved ones and assure them that the team will announce the beta launch soon.

Kusama’s clarification shows that the Shibarium launch will likely happen in early 2023, even as the development team has repeatedly revealed that the launch is close. However, following the update of Shiba Inu’s website, the Shibarium upgrade will be the next launch for the meme crypto network.

Will SHIB benefit?

SHIB’s price, as revealed by industry experts, is bracing for a surge as the Shibarium launch gets closer. Experts predict that the launch would position the canine crypto platform to compete with other Ethereum Layer-2 scaling solutions like Polygon. As previously reported on Crypto News Flash, two significant benefits of the Shibarium launch are low costs and high throughput features, which will be attractive to decentralized applications (dApps) projects.

It will allow dApps to host any of Shiba Inu’s projects. Moreover, Shibarium will provide developers with the platform to enhance further the SHIB ecosystem, which will also boost SHIB’s price and accelerate the SHIB burn rates. At the time of writing, SHIB is changing hands at $0.000007941, as revealed by recent data.