More than 100,000 plots of land have been exposed in “SHIB: The Metaverse,” a virtual world created by the creators of the famous meme currency Shiba Inu (SHIB). SHIB has risen somewhat after the news, but investors seem to be unconvinced.
A neutral cryptocurrency has been used as a land price token to guarantee that Shiba’s local currencies are not in danger.
Aside from passive revenue, in-game resources, and awards, landowners in their metaverse would also be able to reap the perks of owning property, according to the developers.
SHIB, LEASH, and BONE tokens will all play a part in the metaverse as the stages progress, according to the developers.
To rename a plot, landowners must first burn some Shiba Inu in need to use SHIB tokens in the metaverse.
However, not everyone was happy with the development team’s choices, especially the one on selling ETH land plots, which some embraced while others panned.
On SHIB.io, Shiba’s brand-new domain, all of the Metaverse’s activities, as well as any future Shiba initiatives, will take place. When you go to the website, you’ll see an animated version of the original Shiberse concept art.
Metaverse is to be released in the coming week
SHIB: The Metaverse does not have a release date. According to a blog post by Shiba, a AAA gaming company has joined the project’s development team.
According to the creators, LEASH holders will be able to buy land in subsequent phases, and other SHIB ecosystem currencies like BONE and LEASH will play a role when additional phases are implemented.
SHIB’s layer-2 solution for the Metaverse will indeed be developed at Shibarium.
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