Shiba Inu Games emerges as a survival bet as SHIB drops 60% in less than two months

Key Takeaways

• The company has partnered with the Australian gaming giant PlaySide Studios to develop a game
• Wirth the price of SHIB down 60% from its all-time high, the launch of the games may help the token rally again

YEREVAN (CoinChapter.com) – Shiba Inu (SHIB), the Dogecoin (DOGE) killer, has big plans for fans ahead. After the token grabbed headlines with a massive rally making millionaires and billionaires on the way, it has now decided to venture into new territories. The company has announced it will release Shiba Inu Games in the future. The realization of the project might define SHIB’s prospects as the token continues to struggle on the charts.

The news about a possible game release came from Shiba Inu developer Sytoshi Kusama in November. 

“I’ll have good news for the #shibarmy this week. Going back into quiet mode to finish up,” 

Kusuma tweeted on 22 Nov.

Days later, he was back to confirm the speculations. It turns out there are plans to develop a metaverse Shiba Inu game with a triple-A game studio.

As promised, tomorrow I'll have a new Medium giving details about Shiba Inu Games & introduce the consultant/lead who will work directly with the AAA #gamestudio.

I'm so grateful 🙏 for YOU, @RyoshiResearch and the entire #SHIBARMY. #oshiverse #mobilegaming

— Shytoshi Kusama™ (@ShytoshiKusama) November 25, 2021

Kusuma also disclosed on his website that celebrated developer William David Volk will be the consultant for the game. 

According to Ryoshi, the developer of SHIB, there is also a massive token burn scheduled in the coming weeks.

Shiba Inu’s founder has hinted that the burn is in preparation for the launch of Oshiverse, which he called the “future of gaming.”

 “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,” 

Ryoshi sad.

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Shiba Inu games Partners with PlaySide Studios

In keeping with the Shiba Inu games plan, the company has partnered with PlaySide Studios, Australia’s largest video game developer. 

According to the official announcement, PlaySide Studios will develop a multiplayer collectible card game that the SHIB team plans to release on multiple platforms. PlaySide has a good track record of releasing mobile and desktop games.

Official Announcement: Playside and Shiba Inu Games sign a strategic Work-For-Hire Contract.

The strategic agreement with Shiba is a fixed-price, milestone-based agreement to develop a multiplayer Collectable Card Game which is planned to be released on multiple platforms. pic.twitter.com/Dh8JFzSxWH

— Shib (@Shibtoken) December 8, 2021

“Emerging technologies continue to pick up speed, and this is the ideal opportunity for PlaySide to work together in this area, expand our competence base and demonstrate our ability to grow,”  

PlaySide CEO Gerry Sakkas said about the partnership

According to the company, art from the popular ‘Shiboshi’ NFTs will also get incorporated into the Shiba Inu game. In addition, the meme token team plans to release a feature card collection and the game, scheduled for the first quarter of 2023.

Despite the announcement and news of mega whales cashing in to buy tokens, the price of SHIB has failed to rally. It currently trades over 60% below its all-time high of Oct 28, 2021. SHIB has fallen over 30% in the past 30 days alone, causing much anger and disappointment among fans.

Some have even given up on the token, hurrying to write its obituary.

According to the analytical website IntoTheBlock, 64.22% of addresses are profitable, while 27.56% suffer losses. Additionally, 8.13% of the total wallets are at a break-even point.

With the Shiba Inu game in the pipeline and plans to burn more SHIB tokens, the coming year can determine the meme token’s future.