Shiba Inu has been tanking in values for the last two months. SHIB prices have reached the nadir and have fallen back to before a fall 2021 explosion. However, the holders are still bullish, and their sentiments are bullish due to new development. It’s all thanks to Microsoft (NASDAQ: MSFT, as it readies with its latest acquisition, a Shiba Inu spokesperson says the news is bullish for the SHIB community.
Microsoft’s recent acquisition is much akin to the vision of SHIB developers.
Shiba Inu’s spokesperson says Microsoft’s recent acquisition is much akin to the vision of SHIB developers. Shiba Inu developers are leaving no efforts to augment the project’s offerings as they have been long at the receiving end of critics who moaned about the lack of use cases. Things, however, turned rosier in the summer of 2021, thanks to the unveiling of the ShibaSwap decentralized exchange. The initiative allowed the users to earn passive income by staking their holdings.
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 https://t.co/KBOEWeG7q9
— Shytoshi Kusama™ (@ShytoshiKusama) January 18, 2022
It proves that the developers are fully engrossed in effecting the upgrades and announced their partners in developing the Shiba Inu metaverse. The bulk of the development will be handled by the Australian game studio Playside Studios, along with Activision Blizzard (NASDAQ: ATVI) ex-patriate William Volk heading the project.
Microsoft’s Activision Buy Stands to Help the Shiba Inu Crypto
Microsoft’s Activision Buy could help Shiba Inu Crypto come out of its bearish phase. It will also spur gains as it launches new products. However, Microsoft’s acquisition of Activision Blizzard in a deal worth nearly $70 billion will substantially help Shiba Inu.
Shytoshi Kusama, Shiba Inu’s resident spokesperson, took to Twitter yesterday to tell SHIB owners that things are looking up and the news is promising for the project.
Shiba Inu has even grander and more ambitious projects for the future. Notably, it announced a coming layer-2 network called Shibarium and a metaverse built on that layer-2.