- March 15, 2023
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Just a few days ago, the beta version of the layer-2 scaling solution from Shiba Inu, Shibarium, was made available to the public. As it became known, there is a tremendous number of projects that want to build on Shibarium. LucieSHIB, a popular Twitter account in the Shiba Inu community, reported before the launch that over 3,000 Shibarium intake forms have already been submitted.
One of those projects is the Shiba Inu Gaming Guild, also known as Shiba Inu GG. In a new tweet, SHIB’s lead developer Shytoshi Kusama commented that a gaming guild was one of the first project ideas for the Shibarium network.
Kusama praised the progress of PawZone’s guild project development and wished the team continued success in building the project. JD Hatefi, the founder of PawZone, then thanked Kusama for the encouragement.
Hatefi emphasized that the PawZone team wants to start off with a fully fledged NFT marketplace, called Pawzaar, before proceeding with the development of the Shiba Inu Gaming Guild on Shibarium.
Thank you Shy! We are starting off with the fully fledged NFT marketplace built for Shibarium and then beginning development on Shiba Inu GG
— JD’s Updates (@jds_updates) March 14, 2023
Why A Shiba Inu Gaming Guild Is Exciting
The Shiba Inu Gaming Guild is designed to eliminate one of the biggest problems with NFT games: Getting started can be very expensive, as the best NFTs can have extremely high prices that individual players cannot afford.
This problem is solved by a gaming guild that delivers access to rare NFTs to all players by collectively pooling resources in a treasury. In a January 2022 interview, JD Hatefi also revealed that members of the Shiba Inu GG will be able to earn NFTs in play-to-earn titles with the guild funded by the treasury.
The Decentralized Autonomous Organization (DAO) will determine which titles or even blockchains will be available. According to the PawZone founder, the guild will also hold assets on Ethereum and Solana, though the decision will ultimately be made by the community.
Notably, the guild will also participate in the SHIB Burn. 10% of the total earnings will be sent to the SHIB burn address.
Moreover, the PawZone team is developing a token, the PAW Token, which has not yet been released and will govern voting rights within the guild. According to Hatefi, BONE, which is the governance token for the Doggy DAO, is not suitable because non-members would have a significant impact on the system.
To fund the treasury and participate in the voting, guild members will have to purchase the PAW token of the gaming guild.
At press time, the SHIB price traded at $0.00001133. Thus, SHIB has regained the important support at $0.00001087, but was initially rejected at the 200-day exponential moving average (EMA).
