It is better to be an early adopter than a late move, at least in the technology space. This stands true especially today as the ecosystem is standing at the cusp of a new era with Web 3.0 and the Metaverse. With new trends and mechanisms to experience the internet being played out, the big giants in the tech space do not want to be left out. A domino effect of some sort may have pushed Microsoft to the doors of Activision Blizzard, one of the giants in the gaming industry, and acquired it for a whopping $69 billion.
Even though not a lot is known about the Metaverse, Microsoft sure has guessed the pulse lies in gaming and thus, the decision.
Microsoft “echoes” Shiba Inu’s vision
This decision, however, was not something unseen at least in the recent past. To consider, Shiba Inu’s spokesperson, Shytoshi Kusama found the news about Microsoft and Activision quite exciting. It is to be noted, that the Shiba Inu network took on Activision Blizzard’s popular game developer William Volk a few weeks back along with Playside Studios, an Australian games developing company.
Shytoshi Kusama further noted that Microsoft’s acquisition “echoes” Shiba Inu’s decision to bring in Volk. He added,
” ICYMI: This acquisition echoes our last move to bring aboard former Activision VP.
@william_volk and hiring of .@PlaysideStudios to work on our game. It’s fun to see the big players share the same vision as a “meme coin” on the MV too. #bullish! #SHIBARMY”
Kusama’s comments on big players having the same vision as the perceived “meme coin” have sparked fresh enthusiasm among SHIB owners. The Metaverse is a new place for enthusiasts to step into and with SHIB developing its ecosystem, it could prove to be beneficial for the coin holders.
Developing ecosystem
Shiba Inu decided to overturn its image as just joke crypto by adding to the coin’s utility. It introduced ShibaSwap decentralized exchange allowing users to earn rewards for staking their SHIB.
Adding to this, it was working to also expand its ecosystem with Shibarium. To tackle the burden of gas fees on the Ethereum blockchain, Shiba Inu’s founder Ryoshi visioned a layer-2 blockchain network called Shibarium. It will serve as its blockchain network, separating it from the woes of the Ether blockchain. we could also see Metaverse taking space on layer-2.
As Shiba Inu moves on to take up the crypto space and the metaverse, the SHIB token was changing hands at $0.00002768 with a gain of 1.47% within the past 24-hours. Its market capitalization was $15.19 billion, as per CoinMarketCap.