on the crypto
There has been nothing but bad news for Shiba Inu investors in the past few weeks (quotation SHIB). The meme coin plummeted amid a broader cryptocurrency sell-off.
On a seemingly unrelated note, Activision Blizzard (NASDAQ: ATVI) shareholders received some fantastic news last week. Microsoft (NASDAQ: MSFT) announced on January 18 that it intends to acquire the game developer for $ 68,7 billion. Unsurprisingly, Activision shares have risen.
You have probably noticed that I have referred to this arrangement as "apparently unrelated" to Shiba Inu. But is Microsoft's acquisition of Activision actually good news for the altcoin?
A good news?
At least one person seems to think that Microsoft's acquisition of Activision Blizzard is good for Shiba Inu. And this person probably knows more about the digital token and its future than almost anyone else on the planet.
Following Microsoft's announcement, Shiba Inu developer Shytoshi Kusama tweeted the news. Here's what he had to say.
Kusama seems to have seen Microsoft's deal to buy Activision as a sort of endorsement of Shiba Inu's metaverse strategy (the "MV" in his tweet stood for "metaverse"). As he referenced in last week's tweet, Shiba Inu Games enlisted the help of former Activision executive William Volk and Australian developer PlaySide Studios to build a multiplayer game.
A little bit of effort
Did the Shiba Inu price jump on the Microsoft-Activision news or Kusama's tweet about it? Um, no. And for good reason. The connection between this acquisition and Shiba Inu's metaverse strategy is a bit of a stretch.
Sure, Microsoft's press release noted that the Activision Blizzard acquisition would "provide building blocks for the metaverse." Microsoft CEO Satya Nadella said, "Gaming is the most dynamic and exciting category in entertainment across all platforms and will play a key role in the development of metaverse platforms."
But Microsoft was already making its metaverse efforts well before the Activision acquisition was announced. Back in November, the company unveiled Mesh for Teams, a new feature for its collaboration application that it touted as "a gateway to the metaverse."
It is also tenuous at best to link Microsoft's purchase of Activision Blizzard with the arrival of William Volk aboard Shiba Inu Games. For one thing, Volk is a contractor with allegedly a temporary association with Shiba Inu. There's also the little detail that Volk last worked with Activision nearly three decades ago.
What is the good news
However, there is some good news for Shiba Inu. Kusama wrote in a Medium post in November that "the future of the game is SHIB". You may disagree with his bullish view, but there is no doubt that the developers who lead Shiba Inu are betting the future of the meme coin on the game.
If nothing else, Microsoft's acquisition of Activision Blizzard underscores the importance of the metaverse opportunity. After all, the tech giant is putting in $ 68,7 billion.
