Shiba Inu, one of the most popular meme coin projects, continues to evolve. As it is known, the SHIB team aims to move away from being a meme coin and turn into a crypto ecosystem. So far, they have launched a decentralized exchange and new cryptocurrencies. However, they continue to work on a play-to-win game, a Metaverse, and a tier-2 scaling solution. Today, an important development has emerged in Metaverse. David Kern has joined the development team for “SHIB: The Metaverse”. Here are the details…
David Kern joins Shiba Inu Metaverse team
Shiba Inu lead developer Shytoshi Kusama announced David Kern’s involvement. Sharing on his Twitter account, Kusama said, “Welcome, David! A great addition to our SHIB Metaverse team!” said. David Kern has played key roles as Chief Technical Artist for Sony. He also contributed to the development of many games. However, the blog of the SHIB project shared a post about the Metaverse project and Kern. Shiba Inu talked about David Kern’s experiences at various companies such as Sony, Zipper Interactive. He then shared the following about his joining the team:
“We are confident that David’s skills in graphic design, video production, 3D modeling, animation, leveling and production management for multi-platform games will be invaluable to the Metaverse team!”
New SHIB listings
On July 14, the Shiba Inu began trading on the cryptocurrency exchange Bittrex. Bittrex users will now be able to trade with the SHIB-USD pair. A week ago, Robinhood finally took a step for SHIB. The world-famous crypto exchange has activated transfer transactions for SHIB. As we reported on Kriptokoin.com, the SHIB community is obsessed with Robinhood’s meme coin listing. Therefore, even the opening of the transfer process caused great joy in the community. Additionally, according to recent data, Shiba Inu has been the longest-held token among Ethereum whales. The whales, however, seem to continue to grow their holdings.
SHIB investors are losing
The whales and the community still seem to be on the side of the Shiba Inu. However, a clear improvement in the price of the cryptocurrency remains undetected. SHIB, just like all other cryptocurrencies on the market, suffered a huge drop in price last month. It also had a hard time regaining even some of its lost value. The result was huge losses among token holders. Data from IntoTheBlock shows that the vast majority of SHIB investors are currently at a loss. However, the percentage of investors making profits is only 24%. So the Shiba Inu has become one of the worst performing cryptocurrencies in the bear market.
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