Shiba

Eternity

Kusama

Shiba Inu

Coin

The Shiba Inu coin (SHIB) experienced a significant rebound after gloomy trading in the early U.S. hours, spurred by an exciting announcement from the SHIB 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.
<h2 id="shiba-eternity-launch-announcement-sparks-optimism">Shiba Eternity Launch Announcement Sparks Optimism</h2>
The Shiba Inu community is buzzing with anticipation following the announcement of a <a href="https://coingape.com/glossary/web-3-0/" target="_blank" rel="noopener noreferrer nofollow">Web3</a> 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. <a rel="noopener noreferrer nofollow" href="https://news.shib.io/2024/06/20/exclusive-shiba-inu-to-launch-web3-shiba-eternity-closed-beta-with-shibarium-integration-in-q3/" target="_blank">Shiba Eternity</a>, 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 <a href="https://coingape.com/education/whats-layer-1-layer-2-and-layer-3-in-blockchain-key-differences-with-examples/" target="_blank" rel="noopener noreferrer nofollow">layer-2 solution’s</a> 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 <a href="https://coingape.com/shiba-inu-coin-shytoshi-kusama-unveils-groundbreaking-update-shiba-eternity/" target="_blank" rel="noopener noreferrer nofollow">Shytoshi Kusama</a>, Shiba Inu’s lead developer, who has been advocating for Shiba Eternity’s licensing on Shibarium for added decentralized elements.
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<h2 id="shiba-inu-price-recovers">Shiba Inu Price Recovers</h2>
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 <a href="https://coingape.com/education/understanding-impact-of-shibarium-on-the-shib-inu-ecosystem/" target="_blank" rel="noopener noreferrer nofollow">Shibarium</a> 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, <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> price soared nearly 1% and exchanged hands at $0.0000187 during writing, with its trading volume falling 38% to $290.04 million. Notably, the buzz over the recent <a href="https://coingape.com/shiba-inu-burn-rate-jumps-12842-will-shib-price-recover-from-crash/" target="_blank" rel="noopener noreferrer nofollow">SHIB burn</a> has also boosted market confidence. According to CoinGlass data, SHIB Open Interest rose 0.8% to $39.26 million during writing.
Also Read: <a href="https://coingape.com/binance-faces-2-2m-fine-india-fiu/" target="_blank" rel="noopener noreferrer nofollow">Binance Faces $2.2M Fine From India’s FIU</a>
The post <a href="https://coingape.com/shiba-inu-coin-recovers-shib-community-major-announcement/" rel="noopener noreferrer nofollow">Shiba Inu Coin Recovers After SHIB Community’s Major Announcement</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Shiba Inu Coin Recovers After SHIB Community’s Major Announcement

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