Is Microsoft’s Activision Acquisition Good Information for Shiba Inu?

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It has been just about nothing however unhealthy information for buyers in Shiba Inu ( SHIB 0.31% ) in latest weeks. The meme coin has plunged within the midst of a broader sell-off of cryptocurrencies.

On a seemingly unrelated word, Activision Blizzard‘s ( ATVI -0.21% ) shareholders obtained some implausible information final week. Microsoft ( MSFT -2.71% ) introduced on Jan. 18 that it plans to accumulate the sport developer for $68.7 billion. Unsurprisingly, Activision inventory soared.

You most likely observed that I referred to this deal as “seemingly unrelated” to Shiba Inu. However is Microsoft’s acquisition of Activision really excellent news for the altcoin?

Picture supply: Getty Photographs.

Excellent news?

Not less than one individual appears to suppose that Microsoft’s pending acquisition of Activision Blizzard is a optimistic for Shiba Inu. And that individual arguably is aware of extra concerning the digital token and its future than almost everybody else on the planet.

After Microsoft’s announcement, Shiba Inu developer Shytoshi Kusama tweeted concerning the information. Here is what Kusama needed to say:

Kusama appears to have considered Microsoft’s deal to purchase Activision as type of an endorsement of Shiba Inu’s personal metaverse technique (the “MV” in his tweet stood for “metaverse”). As he referenced within the tweet final week, Shiba Inu Video games has enlisted the assistance of former Activision government William Volk and Australian recreation developer PlaySide Studios to construct a multiplayer recreation.

A little bit of a stretch

Did Shiba Inu’s value leap on the Microsoft-Activision information or Kusama’s tweet about it? Um, no. And for good cause. The connection between this acquisition and Shiba Inu’s metaverse technique is a little bit of a stretch.

Certain, Microsoft’s press launch famous that the buyout of Activision Blizzard would “present constructing blocks for the metaverse.” Microsoft CEO Satya Nadella mentioned, “Gaming is essentially the most dynamic and thrilling class in leisure throughout all platforms immediately and can play a key position within the growth of metaverse platforms.” 

However Microsoft was already enjoying up its metaverse efforts properly earlier than the Activision acquisition was introduced. Again in November, the corporate unveiled Mesh for Groups, new performance for its collaboration software that it touted as “a gateway to the metaverse.”

It is also tenuous at greatest to hyperlink Microsoft’s buy of Activision Blizzard with Shiba Inu Video games bringing William Volk aboard. For one factor, Volk is a contractor with presumably a short lived affiliation with Shiba Inu. There’s additionally the tiny element that Volk final labored with Activision almost three many years in the past

What is excellent news

Nevertheless, there may be some excellent news for Shiba Inu. Kusama wrote in a Medium publish in November that “the way forward for gaming is SHIB.” You may disagree along with his bullish take, however there isn’t any query that Shiba Inu’s guiding builders are betting the way forward for the meme coin on gaming.

If nothing else, Microsoft’s acquisition of Activision Blizzard underscores the significance of the metaverse alternative. In any case, the tech big is placing $68.7 billion on the road.

Something that helps the metaverse obtain its potential is arguably optimistic for Shiba Inu over the long run. There is a massive caveat with that assertion, although: Shiba Inu should fulfill its personal imaginative and prescient associated to the metaverse as properly.

Bringing Volk and PlaySide Studios on board are positively strikes in the appropriate course. Nevertheless, Shiba Inu nonetheless has an extended strategy to go to grow to be a key participant within the metaverse. However Kusama simply is likely to be proper that Microsoft and the supporters of the meme coin share an identical imaginative and prescient, at the least relating to how necessary the metaverse might be.

This text represents the opinion of the author, who could disagree with the “official” advice place of a Motley Idiot premium advisory service. We’re motley! Questioning an investing thesis – even certainly one of our personal – helps us all suppose critically about investing and make choices that assist us grow to be smarter, happier, and richer.

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