Share this article
Shiba Inu-Themed Floki to Release Chinese Version of Its Upcoming Valhalla Game
China’s crypto policies remain highly restrictive, but that’s not stopping some crypto projects from trying to attract users from the country.
Updated Feb 7, 2023, 5:16 p.m. Published Feb 7, 2023, 5:00 p.m.
Crypto project Floki is targeting China in its latest push towards attracting more users while shunning its earlier meme coin image, developers told CoinDesk today.
Floki will release a Chinese version of Valhalla, a testnet metaverse game that utilizes FLOKI tokens, in the coming months alongside running a three-month airdrop campaign for users of Btok, a Chinese social media platform, developers said.
STORY CONTINUES BELOW
The game’s content and technical documents will be available in both traditional Chinese and simplified Chinese and is specifically targeted towards the Chinese gaming market, developers added.
The first major release of Valhalla with Open World went live in the fourth quarter of 2022. It is currently playable on the Optimism Goerli testnet. Once launched, users on the mainnet version would have to hold a certain amount of FLOKI in their wallet to make a character playable. Users will also be able to earn FLOKI tokens for battling.
Floki, fashioned after the popular Shiba Inu dog breed which has spurred popular tokens including dogecoin and shiba inu, has a market capitalization of $300 million as of Tuesday morning. The tokens are up over 150% in the past two weeks following a move to burn a significant part of FLOKI supply, as CoinDesk reported.
B, a pseudonymous Floki developer, told CoinDesk that there are an estimated 700 million gamers in China, a market that made an estimated $45 billion in video game revenue last year, two key statistics that favored a launch in China.
“The data strongly favors a Valhalla launch in China, especially looking at the massive number of gamers and the projected strength of this Chinese economy,” B explained.”This fact, combined with Valhalla’s novel gaming mechanics and PlayToEarn economy as well as key changes in positioning Floki and Valhalla to appeal to a Chinese audience.”
Gaming and metaverse tokens such as Gala, Decentraland and The Sandbox have posted gains of as much as 300% in the past month as crypto traders have increasingly shifted investments to tokens with actual users and utility.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase, Chainlink Introduce Base-Solana Bridge to Link Ecosystems
The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based dapps.
What to know:
- A new bridge connecting Base, the layer 2 incubated by Coinbase, and the Solana blockchain is now live on mainnet, enabling asset transfers between the two ecosystems.
- The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based decentralized applications.
- The open-source bridge on GitHub enables developers to integrate cross-chain support, marking a step toward interconnected blockchains and "always-on" capital markets, with more chains expected to be linked in the future.
Top Stories
