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- Shytoshi Kusama conducted an opinion poll seeking users’ viewpoints on the matter.
- Shiba Inu is constantly burning its tokens, increasing its burning rate.
Shytoshi Kusama, the anonymous developer of the meme coin Shiba Inu, wrote in his Twitter thread informing about the invitation of WEF(World Economic Forum) to work together on global metaverse policy(MV).
Shytoshi organised an audience poll and asked the users to vote on the poll. The majority of users, around 62.6%, favour working with WEF, 27.2% are against the collaboration, and the remaining 10% don’t care about the matter.
In the same Twitter thread, Shytoshi noted that Shiba Inu developers would be in the metaverse alongside social media and tech giant Meta(Facebook, Instagram, Whatsapp), including Decentraland, the crypto-native project.
The first debut of Shiba Inu in Metaverse sectors was long back in February 2021 with the introduction of “Shiba Lands.”
On November 15, 2022, Shiba Inu introduced its new Dune concept in the metaverse sector.
The brand new art concept on which SHIB Metaverse has declared for a new hub is called ‘Dunes.’ Metaverse will create with the help of The Third Floor visualisation studio.
From the user’s perspective, the team is pursuing a vision to create an engaging, enjoyable and exciting virtual environment that will also help them earn passive income and explore and collect in-game resources. Also additionally, it will enable users to create and develop their projects.
In collaboration with The Third Floor (TTF) studio, SHIB devs have declared their first concept, Rocket Pond, in the past. The team stated- “rockets are phallic, signifying exploration, discovery, a journey,science, and/or technology.”
Recently, the official Twitter handle of Shibburn noted that in the past 24 hours, 134,952,334 $SHIB tokens were burned and 10 transactions.
On September 2, 2022, Shibburn mentioned a project to launch soon that would actively participate in the burning of meme coins. Along with the project, the Twitter thread noted a website would be expected to launch following the app.
It will have live DJs who will be working in the studio itself. The Shibburn Radio project was about 95% completed by the time.
In August, the native token of Shiba Inu(SHIB) faced major burning initiatives as the need continued to flood in. From metaverse development to adoption rate, all appear to be lining up for this meme coin, except for its low price.
Shiba Inu holds a total supply of around one quadrillion, which is why Shiba Inu is continuously burning their native token to reduce its oversupply.
Shiba Inu’s price floated near its support zone of $0.00000820. SHIB bounces back through this range in the previous three market sessions and sustains above its 50 days moving average.
The price trading near the upper area of the Bollinger band signifies that a short move can be seen in the near term, which goes up through 0.00000967.
This week, the coin broke the trend line and recovered 9%. As per the fib retracement, the next levels are $0.00000942 and $0.00000967, to be tested on the upper side, and the lower side, $0.00000850, is the immediate support.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
