Shiba Inu Coin Recovers After SHIB Community’s Major Announcement

After the extended drawdown in early trading hours, Shiba Inu (SHIB) has started experiencing a major rebound, spurred by an exciting announcement from the memecoin’s community. This recovery aligns with plans to launch a Web3 version of the popular game Shiba Eternity, integrating it with the Shibarium layer-2 solution in the third quarter of this year.

Notably, Shiba Inu’s lead developer Shytoshi Kusama lauded the development and said that it will provide “unique opportunities” with SHIB, LEASH, and BONE tokens.

Shiba Eternity Launch Announcement Sparks Optimism

The Shiba Inu community is buzzing with anticipation following the announcement of a Web3 iteration of the strategic card game, Shiba Eternity. Scheduled for a closed beta release in the third quarter of 2024, this new version will be powered by Shibarium, Shiba Inu’s layer-2 scaling solution.

Notably, Shiba Inu marketing lead Lucie highlighted this development, suggesting it has already garnered notable attention from market participants. Shiba Eternity, originally launched in October 2022, has built a loyal following due to its engaging gameplay.

Meanwhile, the transition to Web3 aims to enhance the gaming experience further by incorporating features like true ownership of in-game assets and a player-driven economy. Angel, the pseudonymous lead at Shiba Inu Games showed excitement over Shiba Eternity’s integration with Shibarium.

This move would maintain the competitiveness of the game while giving a better gaming experience to the users, Angel added. In other words, the integration with Shibarium promises to bring groundbreaking features that showcase the layer-2 solution’s potential for both players and developers.

In addition, the move towards a Web3 version is expected to provide unique opportunities within the Shiba Inu ecosystem, including the introduction of decentralized elements to enhance the mobile game. The revenue from in-app purchases will also contribute to burning SHIB and LEASH tokens, creating a sustainable economic model within the game.

This development aligns with the long-term vision of Shytoshi Kusama, Shiba Inu’s lead developer, who has been advocating for Shiba Eternity’s licensing on Shibarium for added decentralized elements.

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Shiba Inu Price Recovers

The announcement has positively impacted the Shiba Inu coin, leading to a recovery in its price after a gloomy trading session. The market’s response indicates growing confidence in Shiba Inu’s ability to innovate and expand its ecosystem.

Meanwhile, Shytoshi Kusama, in previous statements, emphasized the potential of Shibarium to ensure seamless gameplay and introduce decentralized features. Kusama hinted at the integration of various decentralized elements into Shiba Eternity. In addition, he added that it will also support SHIB and LEASH token burns through in-app purchases.

Notably, 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 writing, Shiba Inu price soared nearly 0.66% and exchanged hands at $0.00001814 during writing, with its trading volume falling 27% to $197 million. Notably, the buzz over the recent SHIB burn has also boosted market confidence. According to CoinGlass data, SHIB Open Interest rose 0.8% to $39.26 million during writing.

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