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Shiba Inu Metaverse: Unveiling the All-New SHIB Website and Visuals!

March 16, 2023

The Shiba Inu team is delighted to announce the launch of a new website, linked to the Shib.io Twitter account. This website will be providing all the latest news and updates about SHIB: The Metaverse. Following the successful debut of SHIB visuals at SXSW, and the launch of the Shibarium beta, visitors are now able to explore the world of SHIB and stay up to date on all developments in the metaverse.

All About the new Shiba Inu Website

Following the successful launch of the Shibarium beta, the team is pleased to present a new website for the SHIB metaverse: Shib.io. This will be the main hub for all metaverse-related content and includes short game clips, web3 wallet integration, some FAQs as well as the option to purchase metaverse land. Visitors coming to the website can sign up to become part of the SHIB metaverse community and stay informed on the latest news and possible early access to the game. 

The SHIB metaverse team is encouraging businesses to sign up and explore the potential of bringing their operations into the metaverse. Through previous metaverse examples, as well as how the Shiba Inu team has promoted the metaverse as being a tranquil environment, the team is seeking to provide users with a unique and engaging experience. 

Shiba Inu Shibarium Beta Goes Live

Shibarium is an intricate, Layer 2 Ethereum network that allows users to become validators, engage in cryptocurrency trading and interact with various decentralized applications. The Shibarium Beta is now accessible for users to try out the upcoming layer 2 networks. An article discussing the Beta has also been published on ShibaSwap. 

Based on the article, the amount of SHIB burned is determined by the number of transactions on the network. As the number of transactions increases, a corresponding rise in SHIB burns can be seen. To track this, a detailed chart has also been placed within the Shibarium. The team is referring to it as an “early beta test,” a term that may cause confusion among Shiba Inu holders. Puppynet, is a beta platform, which basically means the tokens cannot be exchanged for real money or other cryptocurrencies.

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Zimbabwe has managed to sell a noteworthy volume of digital tokens backed by gold, valued at around $39 million, despite a cautionary statement from the International Monetary Fund (IMF). The Reserve Bank of Zimbabwe was able to sell tokens worth 14 billion Zimbabwe Dollars, which can be acquired through both local and foreign banks with a 20% margin above the interbank mid-rate. https://twitter.com/ReserveBankZIM/status/1656963536197758976?t=_HbbpjewrscuUGmhi-KHDw&s=19 Zimbabwe Selling Tokens On May 12, an announcement was made by Zimbabwe's central bank concerning the 135 applications it received for purchasing the tokens backed by gold. The total value of these applications amounts to 14.07 billion Zimbabwean dollars, which is equivalent to around $38.9 million, based on the official exchange rate of 362 Zimbabwean dollars to one United States dollar according to XE.com. The IMF Warning According to a Bloomberg report on May 9, the International Monetary Fund (IMF) has raised concerns over an African country's proposal to launch a gold-backed currency. The IMF advised the country to concentrate on liberalizing its foreign-exchange market instead. The spokesperson for the IMF emphasized the necessity of conducting a comprehensive analysis to ascertain whether the benefits of the proposed currency outweigh the possible dangers and expenses. These hazards comprise instability in the macroeconomic and financial domains, legal and operational risks, governance risks, and the cost of sacrificing foreign exchange reserves. About the Digital Tokens These digital tokens were launched in April and are supported by 140 kg of gold. They were offered for sale from May 8 to May 12 with a minimum price of $10 for individuals and $5,000 for corporations and other entities. Token holders must keep them for at least 180 days before they can be stored in e-gold wallets or on e-gold cards. Currently,Zimbabwe is striving to stabilize its economy and tackle the continuous depreciation of the domestic currency in comparison to the US dollar. To accomplish this objective, the bank has decided to conduct another round of digital token sales and has invited applications to be filed by the end of this week. The settlement of the sales is scheduled for May 18.
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