Just a few days ago, the beta version of Shiba Inu’s layer-2 scaling solution, Shibarium, was made available to the public. As it is known, there are many projects that want to build in Shibarium. LucieSHIB, a popular Twitter account in the Shiba Inu community, reported before the launch that more than 3,000 Shibarium intake forms had been submitted.
One such project is Shiba Inu Gaming Guild, also known as Shiba Inu GG. In the new tweetSHIB’s lead developer, Shytoshi Kusama, commented that the game guild was one of the first project ideas for the Shibarium network.
Kusama praised the development progress of the PawZone guild project and wished the team continued success in building the project. JD Hatefi, founder of PawZone, later thanked Kusama for the encouragement.
Hatefi confirmed that the PawZone team wants to start with a full-fledged NFT marketplace, called Pawzaar, before continuing the development of the Shiba Inu Gaming Guild on Shibarium.
Thanks Shy! We started with a full NFT market built for Shibarium and then started development on Shiba Inu GG🐾
– JD Updates (@jds_updates) March 14, 2023
Why Shiba Inu Gaming Guild is Great
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 very high prices that individual players cannot afford.
This problem is solved by game guilds that send access to rare NFTs to all players by pooling resources in the treasury. In a January 2022 interview, JD Hatefi also announced that Shiba Inu GG members will be able to get NFTs with play-to-ear titles with guilds funded by the treasury.
A Decentralized Autonomous Organization (DAO) will determine which titles or even blockchains will be available. According to the founder of PawZone, the guild will also hold assets in Ethereum and Solana, although the decision will be made by the community.
In particular, guilds will also participate in SHIB Burn. 10% of the total income will be sent to SHIB’s burn address.
In addition, the PawZone team is developing a token, the PAW Token, which has yet to be released and will regulate voting rights within the guild. According to Hatefi, BONE, which is the governance token for Doggy DAO, is not suitable because non-members will have a significant influence on the system.
To fund the treasury and participate in voting, guild members must purchase PAW tokens from the game guild.
At press time, the price of SHIB is trading at $0.00001133. Thus, SHIB has regained important support at $0.00001087, but was initially rejected at the 200-day exponential moving average (EMA).
Option image from kazzzsat / Unsplash, Chart from TradingView.com