Shiba Inu Could Experience Massive Burn as It Enters Blockchain Gaming Industry

0
109

Shiba Inu, SHIB has hinted at a possibility that they will shift their efforts towards blockchain gaming. This announcement comes after Shytoshi Kusama, one of SHIB’s developers referred to blockchain gaming as the “future of gaming”.

Should this move be come to pass, the number of SHIB tokens available in the market will reduce drastically. This burn could propel the token’s price to unbelievable highs.

Shib had hit its all-time high on October 30th. At the beginning of November, the coin’s value stood at a whopping $0.000078. Unfortunately, this is a glory that the dog-themed meme currency has been unable to regain. If anything, SHIB’s price has taken a nosedive, hitting lows of $0.000030. This could explain why the token is actively seeking a burn.

William David Volk to Lead Shib’s Game Development

However, Kusama seems to have a different opinion. According to the lead developer, joining the crypto gaming scene is something SHIB has in its grand scheme of things. The token’s founder, Ryoshi, had apparently envisioned the dog-meme’s involvement in blockchain gaming.

“I believe for a “metaverse” to be more than a bent infinity symbol, and way to extract your data, it must provide real value to users and to do so requires a certain foundation that is built prior to the release of the technology,” he says.

He hints at The Shiba Inu Core Devs (SICD) working on constructing their metaverse known as “Oshiverse”. This will be at the request of the Guardians of Shib.

“We are working on so many aspects of Shiba Inu including Shibarium, Shi, Shibanet, The Decentralized Shiboshi Game, Incubator and much more that won’t become evident until the near future. It is the combination of these elements when combined with Ethereum as the core, that will ensure the magic of a successful new Shiba Universe unrivalled by absolutely any token or corporation.”

he continues.

Now that the coin has decided to effect its plan, SHIB’s team has reached out to William David Volk. Volk is a renown game developer, and once held the position of Vice President of Technology at Activision.

The two parties signed a Non Disclosure Agreement (NDA) to seal the deaL. Kusama believes that this NDA is the only way to ascertain that SHIB stays ahead of the competition, in the “metaverse”. He also believes it will result in the creation of a figure game worthy of “FriendShibs”.

Following the announcement of the partnership, Volk released a statement saying,

“I am honored to be working with an amazing team on what will become one of the most significant games of all time.” 

Building Shib’s Crypto Games

According to Kusama, a group of consultants and contractors under Volks leadership will be responsible for creating the premier version of the Shiboshi game. This version will however only be available for mobile phones.

Once it is complete, this first version of the game will be licensed. However, the only people it will be licensed to is the decentralized Shiba Inu team. This will be the case to facilitate the game’s use on a currently progressive layer-2 network dubbed Shibarium. 

This network will greatly reduce the cost of products, services and games created on it. Equally, the money generated from the app’s purchase will have a positive impact on the coin’s worth

Credit: Source link

ads