Shiba Inu (SHIB) is one of the most widely known meme tokens, spun from the fame of Dogecoin (DOGE). This meme coin created a model later adopted by Floki Inu (FLOKI). Both tokens, and many copies of the same idea, have branched beyond the meme idea and are starting to point their efforts in becoming a play to earn hub, among other use cases.
SHIB had a head start in terms of simple adoption and popularity. This paved the way for the project to claim it can become the future of gaming. The Shiba Inu platform had already attracted decentralized finance and NFT creators and collectors, so it was a matter of time to move on to play to earn.
SHIB is Easily Available
SHIB is one of the few tokens that are almost ubiquitous to acquire. The token is not yet on offer on Robinhood, but it’s trying to make forays into becoming a mainstream asset like DOGE.
SHIB was listed on Coinbase and is available for swapping for almost any Ethereum wallet owner. Using MyEtherWallet, Phantom Wallet, Binance Wallet or another tool, SHIB can give instant access to all its side projects.
Because SHIB is a token, the best approach is to use the official swapping or trading tools. Care must be taken with decentralized trading, to avoid faked coins. Because of the huge popularity of SHIB, fake social media handles and duplicated smart contracts may fool potential buyers. Special care should be taken with decentralized SHIB usage, as there is risk for fake smart contracts. A copy version of the ShibaSwap decentralized exchange is also making the rounds, copying the original decentralized venue for acquiring SHIB or liquidity mining.
The other major risk of SHIB is its fluctuating market price. SHIB is still very volatile, and even with a low per-unit price can cut off 50% of the investment easily. While losses may be recovered over time as SHIB grows its economy, there is no guarantee and it is best to avoid investing funds you cannot afford to lose.
What is Shiba Inu Games
The Shiba Inu community, reportedly attracting a million-strong “army”, established the Shiba Inu Games brand at the end of November 2021. The project secured a game development studio, which has been kept under mutual NDA until product readiness.
Shiba Inu partners with gaming veteran William Volk to start building its metaverse. Potentially, games linked to Shiba Inu could benefit from the underlying tokenomics of the project, including the BONE and LEASH reward tokens, liquidity mining and other token-based operations.
The initial game expected to launch the Shiba Inu Multiverse will be a mobile version of Shiboshis. The already existing Shiboshis are avatar-like NFT collectibles, which will be the basis for the in-game characters.
Shiba Inu Games will have the advantage of using an A-list studio and development veterans to produce a mobile version of a game capable of reaching a wide audience. The gaming component may remain separate from the blockchain component, for those that only want to use the free to play version.
But the game will also be linked to the Shiba Inu economy, with potential purchases, burns and other incentives for SHIB, BONE and LEASH owners. Owning SHIB may be a relatively accessible tool for play to earn, with the potential for cooperation with Decentraland and other gaming environments. The large Shiba Army may turn into one of the largest play to earn communities and give a boost to the ambitious game development plans of Shiba Inu Games.