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Considering the potential of projects like Metaverse, meme coin have announced to enter the region with the anticipations of intensifying experience for their ecosystem.
Amidst the falling in prices of the global cryptocurrencies market, it’s neither affecting fundings of venture capitalists in new projects, and crypto firms are also aspiring to enter new areas of crypto innovations. One such project was announced by meme coin Shiba Inu last week.
Shiba Inu had been among the most popular meme coins and the leading cryptocurrency of 2021. Recently it announced on Twitter it’s moving into metaverse space. It is named ‘Shiberse’, considered as Shiba Inu-Metaverse. The project can place the meme coin cryptocurrency in that emerging booming space and will give utility to it.
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Present announcements tweet was having some teasing glimpses of how metaverse would be. The picture was consisting a high definition picture of well known Shiba Inu breed dog. The picture was displaying the dog standing in middle forest and having a pickaxe in his mouth.
Metaverse have gained a lot of popularity in recent time. Enough popularity and craze it have generated that every big name or brand belonging to any industry are seeking their possibilities and trying to enter the space.
A well known example of such is social media giant Facebook, which completely shifted its focus to metaverse. So much so that it had even changed its identit y from Facebook to Meta. So many other non tech companies are also planning to join metaverse, then Shiba Inu is itself a cryptocurrency why it would not join a crypto innovation.
However, it’s not the first time meme coin has expanded its horizons; earlier, it announced launching its own online video game, where SHIB will be serving as the utility token. With the aspiration that SHIB will boom after the step. Similar hopes are with the metaverse project, but it didn’t seem to show any substantial positive signs on its price yet.
Soon after the announcement the price of SHIB rallied for a while but couldn’t sustain it for long.
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.
