The Shiba Inu coin (SHIB) has experienced a significant rebound following a major announcement from the SHIB community. This resurgence comes as the community lauds the upcoming launch of the Web3 version of Shiba Eternity, set to integrate with the Shibarium layer-2 solution in the third quarter of this year.
Shiba Eternity Launch Announcement Sparks Optimism
The Shiba Inu community is buzzing with anticipation over the announcement of a Web3 iteration of the strategic card game, Shiba Eternity. Scheduled for a closed beta release in Q3 2024, this new version will leverage Shibarium, Shiba Inu’s layer-2 scaling solution.
Shiba Inu’s lead developer, Shytoshi Kusama, praised the development, highlighting that it will offer “unique opportunities” with SHIB, LEASH, and BONE tokens. Lucie, the marketing lead for Shiba Inu, emphasized that this announcement has already attracted significant attention from market participants. Shiba Eternity, originally launched in October 2022, has garnered a loyal following due to its engaging gameplay.
The transition to Web3 aims to further enhance the gaming experience by incorporating features like true ownership of in-game assets and a player-driven economy. Angel, the pseudonymous lead at Shiba Inu Games, expressed excitement about the integration with Shibarium, stating it would maintain the game’s competitiveness while improving the user experience. This integration promises to showcase the potential of the layer-2 solution for both players and developers.
Furthermore, the move towards a Web3 version is expected to provide unique opportunities within the Shiba Inu ecosystem, including the introduction of decentralized elements to the mobile game. Revenue from in-app purchases will contribute to burning SHIB and LEASH tokens, creating a sustainable economic model within the game.
Shiba Inu Price Recovers
The announcement has had a positive impact on the Shiba Inu coin, leading to a recovery in its price after a period of gloomy trading. The market’s response indicates growing confidence in Shiba Inu’s ability to innovate and expand its ecosystem.
Shytoshi Kusama has previously emphasized the potential of Shibarium to ensure seamless gameplay and introduce decentralized features. He hinted at the integration of various decentralized elements into Shiba Eternity, adding that it will support SHIB and LEASH token burns through in-app purchases.
The Web3 release of Shiba Eternity marks a crucial step in expanding the Shiba Inu ecosystem. It underscores Shiba Inu’s commitment to integrating innovative blockchain solutions and enhancing user experiences.
As of this writing, the price of Shiba Inu has risen nearly 1%, trading at $0.0000187, with trading volume falling 38% to $290.04 million. The recent buzz over SHIB burns has also boosted market confidence. According to CoinGlass data, SHIB Open Interest rose 0.8% to $39.26 million.
In conclusion, the upcoming launch of Shiba Eternity’s Web3 version and its integration with Shibarium have sparked optimism and driven a price recovery for SHIB, highlighting the community’s confidence in the project’s future.
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