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The creators of the popular meme cryptocurrency Shiba Inu (SHIB) have announced the details of their virtual reality project “SHIB: The Metaverse,” which includes 100,595 land plots, some of which will stay private.
Plots of land will be released in stages. The first level will grant access to 36,431 plots, divided into four categories: Silver Fur, Gold Tail, Platinum Paw, and Diamond Teeth, with prices ranging from 0.2 to 1 ether (ETH).
To ensure that Shiba native coins have no downside risk, the team has chosen to deploy a neutral cryptocurrency as a land pricing token.
“It’s a risk to use our Ecosystem Tokens because we’d have to dump our own tokens before cashing them! And that’s not in our intentions at all “developers said in a statement released on Wednesday.
What’s in it for buyers?
Buyers of land will be able to earn passive income, acquire in-game materials, and earn awards, which the team promises to reveal soon.
Landowners can rename their plot while burning and using dog-themed SHIB tokens.
“We will be revealing the first specific role that Shiba Inu $SHIB will play in the Metaverse,” the press release added. “This will start soon after the public sale and land events will end by inviting a mechanic to separately burn $SHIB while renaming your land plot.”
The Metaverse will be built with Shibarium, a layer-2 solution for SHIB.
Developers claimed that once further phases are released, the rest of the SHIB ecosystem coins, such as LEASH and BONE, would play a role, with LEASH holders being able to acquire lands in subsequent stages.
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“SHIB : The Metaverse”
As a land pricing token, developers have chosen Ethereum’s native cryptocurrency, ether. The creators of the popular meme cryptocurrency Shiba Inu (SHIB) have announced the details of their virtual reality project “SHIB: The Metaverse,” which includes 100,595 land plots, some of which will stay private.
Shiba Inu, a meme-coin, has decided to venture into the metaverse after experiencing multi-fold growth in the cryptocurrency sector. Shiba Inu’s creators have revealed that Shiba Land plots will be available for purchase in the metaverse soon.
The metaverse, which is intended to function as a fully complete shared virtual universe, will allow users to interact with its digital parts as 3D avatars. The industry, which is based on the blockchain, has sparked a lot of interest.
At the time of publication, the SHIB token was trading at around 0.00002274. In early February, developers hinted at a metaverse foray.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
