Shiba Inu Expands to Metaverse, Listed On Kraken Exchange
Leading memecoin Shiba Inu is determined to extend its winning streak, jumping 36% in a day following news of a big partnership, plus being listed on a top crypto exchange.
The altcoin, which is up a modest 92,000,000% this year, announced that it is partnering with William Volk, former vice president of tech at gaming giant Activision. In a blog post, Shiba Inu developer Shytoshi Kusama says the SHIB team and Volk are both under non-disclosure agreements in order to maintain an edge over any copy cats or competitors.
“This NDA is vital to us having competitive advantage over all the other gaming, “metaverse”, and NFT system clones that will pop up the moment I hit send.”
Volk said he was honored to be working on what he says “will become one of the most significant games of all time.”
Shyatoshi said Volk’s words word “huge” given that Volk is “a true visionary with decades of top-notch high quality experience on the corporate side (VP of TECHNOLOGY @ Activision) and also on the independent side having run his own game studio as well.”
Though details of the partnership are vague, market sentiment around SHIB appears to be improving regardless, potentially based on the rising gaming and metaverse narrative in the crypto markets.
According to crypto whale-tracking website WhaleStats, SHIB whales increased their holdings by 42% in a 24-hour timeframe shortly after the announcement.
Fanning the flames, crypto exchange Kraken announced it was listing SHIB to its platform starting today. Kraken previously hinted it was looking at bringing support for SHIB last month when it conducted a Twitter poll asking for its followers’ opinion on it.
Originally asking for 2,000 likes on the post, the “Shib Army” gave an overwhelming 83,000 likes. At the time of writing, SHIB is trading at $0.00005130, looking strong but still well off its all-time high of $0.00008616.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.