- Shiba Eternity’s closed beta on Shibarium begins Q3 2024 for Web3 gaming.
- 75.5% of Web3 games failed since 2018; GameFi market now $30B.
- Shibarium integration brings in-game asset ownership and community governance
The Games team, which is part of the Shiba Inu ecosystem, has announced a closed beta test schedule for Shiba Eternity, a card game, on Shibarium, the layer-2 scaling solution. It is predicted that the closed beta will commence in the third quarter of 2024.
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This phase will test the game’s features integrated with Shibarium before opening up beta testing for the public. This update, shared in an interview with The Shib Daily, marks a step for the ecosystem as it ventures further into the Web3 gaming space.
Growth in GameFi Sector Despite Challenges
The GameFi sector within the DeFi space is still expanding despite facing persistent challenges. A recent CoinGecko report stated that 2,127 out of 2,817 Web3 games have not succeeded since 2018, showing a failure rate of 75.5%.
Despite this, the GameFi market cap surged above $30 billion as of March 2024. Experts attribute the high failure rate to a focus on financial aspects over player engagement. Shiba Eternity, which has garnered considerable interest since its October 2022 launch, aims to improve player engagement metrics.
Shiba Eternity’s Continuous Development
Shiba Eternity, released in October 2022, swiftly became well-liked for its tactical gameplay.The recent update, dubbed Balancing Act, introduced version 1.2.8, which balanced the powers of Boshi.
In April, the Games team released the project’s initial internal build, anticipating the Shibarium integration. This integration will bring innovative features, including true ownership of in-game assets, a player-driven economy, and community governance features.
Shytoshi Kusama, the Shiba Inu ecosystem lead developer, hinted at Shiba Eternity’s adaptation for Shibarium, emphasising the introduction of decentralised elements and the game’s independence within the ecosystem.
Moreover, revenue from in-app purchases will support burning SHIB and LEASH tokens, aligning with the broader economic strategy of the Shiba Inu project.
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