Shiba Inu Racing NFT is launched to conquer the billion dollar market

by James · December 19, 2022

Shiba Racing Team, a P2E Shiba ecosystem game with a motorsport racing theme, is set to launch its first NFT collection.
The game developers also plan to release a second collection of NFTs that will complete the game’s launch requirements.

The Shiba Inu (SHIB) ecosystem welcomes another bullish development. Shiba Racing Team, a motorsports-themed play-to-earn game, has announced the launch of its Genesis non-fungible token (NFT) collection.

The game developers gave details about the collection in an official release. As of release, the collection was inspired by the Shiba Inu token and Formula One racing elements. It has 9,990 unique ERC-721 standard-based NFTs on the Ethereum network.

Each piece in the collection is a variant of one of the five motorcycle racer characters in the Shiba Racing game to earn money. These include Ace (The Shiba Inu), Max (The Bull), Char (The Dragon), Milo (The White Tiger) and Bubbles (The Bear).

The digital artworks will also have different properties, including glasses, headgear, backgrounds, fire suits and much more.

The NFTs will add value to the game, as well as offering real utility to collectors’ portfolios. The release notes that the NFTs will allow collectors to get a steady stream of income from the game’s P2E capabilities. It added that the NFTs will facilitate the player-vs-player gaming model.

“While the metaverse may harbor new innovations and advancements, the gaming industry’s strong presence in the metaverse is eminent, and we strive to provide a better and more immersive racing experience by launching our meticulously crafted NFTs,” said Jason Scoby, founder of the Shiba Racing Team in the statement.

Meanwhile, the release also notes that the metaverse game will launch a second NFT collection featuring supercars as NFTs. When this launches, players will be able to try out different racing and supercar combinations. They will also be able to participate in Grand Prix tournaments that the metaverse game plans to organize to win exciting prizes.

Also read: Shiba Inu: This Event To Trigger 100% Price Increase To $0.2 Before Christmas – Report

Shiba Inu game ecosystem is gaining momentum

Shiba Racing Team isn’t the only metaverse game that the Shiba Inu ecosystem has welcomed. Back in October, Shiba also saw the launch of Shiba Inu Eternity, a trading card game.

The launch of more games is a positive for the GameFi tool of the Shiba ecosystem. It has already made significant progress, with Shiboshis (an NFT pool), ShibaSwap (a DEX) and BONE and LEASH (a governance token).

It also has several liquidity pools and fundraising campaigns for the Shiba Inu Rescue Association. Meanwhile, it is also preparing the launch of Shibarium (a layer 2 scaling network), and SHIB: The Metaverse, a metaverse platform.

SHIB, the memecoin that powers the ecosystem, is currently trading at around $0.0000086, down 0.62% in the last 24 hours. However, the bullish ecosystem development could see the token rise to new heights as the token gains more utility. In addition, SHIB is also seeing adoption in the real world, which also points to its bright future.