Massive SHIB Burn Incoming as Shiba Inu Prepares to Advance Into Trillion-Dollar Metaverse By DailyCoin

Massive SHIB Burn Incoming as Shiba Inu Prepares to Advance Into Trillion-Dollar Metaverse

Token/coin burning is becoming increasingly popular among crypto projects. When coins are burnt, they are either destroyed or removed from circulation, thus reducing the supply. By making a coin scarcer, its price increases, benefiting investors as a whole.

The second largest meme coin, , is expected to undertake a massive burn in the coming weeks. Although Shiba Inu is not new to the deflationary technique, this particular burn is predicted to be the biggest in the network’s history.

When is the SHIB Metaverse?

Ryoshi, the founder of Shiba Inu, has explained that the burn will prepare the network for its own metaverse. At the moment, there are 589,736,561,989,744 SHIB.

At the request of Guardians of Shib, he has hinted that The Shiba Inu Core Devs (SICD) are working towards developing Shiba Inu’s own metaverse, known as “Oshiverse.” The anonymous developer stated:

“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.”

Shiba Inu into Blockchain Gaming

According to Shytoshi Kusama, one of Shiba’s lead developers, the project is looking to turn its focus towards blockchain gaming.

Shytoshi Kusama says that Shiba Inu is working on a project termed the “future of gaming,” which will be an industry game-changer.

He went on to reveal that Shiba has gotten help from game developer and former VP of Technology at Activision, William David Volk, to build a game better than those of other metaverses. The game would be built on Shibarium, a layer-2 network that is a work in progress.

On the Flipside

  • Despite developments on the network, SHIB continues to underperform, and is currently down by more than 61% from its ATH at the time of writing.

Why You Should Care

Building a metaverse will increase the use cases available to Shiba Inu – a move which could help the price of SHIB to rally.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.


*