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• Shiba Inu’s metaverse platform is being built using the latest iteration of Unreal Engine, UE5.1. 
• The Shiba ecosystem has also welcomed multiple bullish announcements that could boost the price of SHIB. 

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The Shiba Inu (SHIB) community just received confirmation that the “SHIB: The Metaverse” project is being built with the latest iteration of advanced real-time 3D creation tool, Unreal Engine 5.1 (UE5.1).

The revelation came after the metaverse development team released new stunning images of Wagmi Temple. This is one of the segments of the virtual environment its first prototype was showcased back in September.

According to Brandie Konopasek, a well-known name in the entertainment industry who joined the team earlier this year, the just-released images are direct pulls from the environment within the SHIB environment.

Official photo release of Wagmi! It’s been incredible to bring this from concept to reality. These are direct pulls from the environment from within @ShibTheMV https://t.co/2LYc3Vi5zQ

— Brandiekono (@brandiekono) December 9, 2022

The community has been speculating for a while that the metaverse project was being developed using Unreal Engine based on hints by the pseudonymous creator of the memecoin Shytoshi Kusama. Kusama noted on Discord back in July the project will look “unreal.”

The speculation also received more credence when The Third Floor (TFF), a world-class visualization studio with vast experience working with UE, was named a partner in developing the metaverse platform. In a statement, TFF said it intends to carry out rapid prototyping powered by UE.

Shiba Inu Ecosystem inundated with bullish developments

Meanwhile, the SHIB: The Metaverse project is not the only source of exciting news in the Shiba Inu ecosystem that could drive up the price of the memecoin both in the short and long term.

‘Shib Tropias’, a member of the Shiba Inu team, shared a cryptic update about developers having completed the version one design of an unnamed project. Later clarifying that the update is talking about the entire SHIB ecosystem, the developer added that the finalization of content for the project has been ongoing and that it would be released in phases to help with content flow.

The update could mean upcoming releases in relation to the Shiba Inu layer two protocol Shibarium, as well as several decentralized exchanges and games that the developers have been working on.

Another bullish update the community has welcomed this week is the announcement by Okcoin Japan that it has decided to list SHIB by Feb. 2023. The announcement comes after SHIB faithfuls in Japan have been clamoring for local exchanges to list the memecoin.

The price of SHIB meanwhile has continued to trade sluggishly in the market. The token is trading at a price of around $0.0000092, down 1.20% in the last 24 hours. The price, taken at the time of writing, represents an 18.4% drop quarter-to-date.

COTI, a multi-DAG (directed acyclic graph) blockchain for payments, announced today a new partnership with Revelar, Cardano’s first NFT gaming platform.

The partnership will see Revelar integrate COTI stablecoin Djed to bring a stable way to buy and sell NFT game assets on the Revelar system. Further, the Djed stablecoin will enable participation in new tokenomic models.

“Our partnership with Djed will open up massive partnerships opportunities for game developers who want a simple integration and a stable way for their players to manage in-game tokens. Play-to-earn is the new wave in gaming and player owned content has now become table stakes.”
– Jason Toevs, Founder & CEO of Revelar

Revalar’s integration with Djed is part of the platform’s larger push to bring new NFT payment options, including fiat-backed payment integrations to Cardano.

“We are happy to continue partnering with some of the top projects built on Cardano. By integrating Djed to their platform, Revlar is giving their developers and gamers more stable payment options. We look forward to watching this partnership unfold.”
– Shahaf Bar-Geffen, CEO of COTI

Presently, Revelar is in closed Alpha and will soon open up applications for their first launchpad cohort to be selected this summer.