Shiba Inu has a new use case – buy land in SHIB: Metaverse

Owners of the favored Shiba Inu (SHIB) memecoin can now use the cryptocurrency to buy land in the Shiba metaverse.

On Wednesday, the Shiba Inu workforce mentioned on Twitter that the SHIB token could possibly be used to provide plots in the lately introduced digital actuality challenge SHIB: The Metaverse.

New hit possibility launched at https://t.co/f2oLn05qWk!

Coin is land $SHIB!

Detailed data $SHIB:
Equivalent to 0.2 ETH $SHIB
Equivalent to 0.3 ETH $SHIB
Equivalent to 0.5 ETH $SHIB
1 ETH equal $SHIB #ShibTheMetaverse #ShibMV pic.twitter.com/mOrpwDSkDK

— SHIB: The Metaverse (@ShibTheMV) May 4, 2022

SHIB: There are 100,595 completely different areas in The Metaverse. Initially, it was solely attainable to buy land utilizing Ether (ETH). Now, SHIB’s integration into the metaverse challenge not solely means that you can buy land, but in addition permits customers to supply extra customization choices for his or her digital lands.

Landlords in SHIB: The Metaverse can earn passive earnings, acquire in-recreation sources, and generate rewards, that are but to be revealed.

Lands in the SHIB metaverse will likely be launched in levels. During the introductory interval, 36,431 heaps have been unlocked on April 13, with land divided into 4 classes: silver fleece, gold tail, platinum paw, and diamond tooth, priced between 0.2 ETH and 1 ETH.

Contrary to the favored narrative that portrays SHIB as a mere memecoin pushed solely by hype and Elon Musk’s tweets, the SHIB ecosystem has grown to help non-fungible tokens (NFTs) and the decentralized finance (DeFi) ShibaSwap platform.

The SHIB ecosystem additionally consists of secondary tokens, together with LEASH and BONE, which the builders say will play an vital function in the course of the growth of the metaverse challenge. Owners at the moment taking part in LEASH have precedence entry to land tenders, and BONE is a governance token that enables homeowners to vote on selections concerning the event of the metaverse.

According to a current Unification Foundation Medium submit, SHIB: Metaverse will likely be constructed on Shibarium, the upcoming Layer 2 scaling resolution for SHIB. Public testing for Shibarium is scheduled to launch in the approaching months, with a public beta quickly to comply with.

At the time of writing, SHIB had a brief rally, gaining about 6% in the final 12 hours. Overall, worth motion in opposition to the token stays sluggish, with SHIB at the moment down 12.3% over the previous two weeks. The token is at the moment buying and selling at $0.0000218, down 74% from its all-time excessive on October 28 final yr.

On April twenty third, the builders launched ShibBurn, a SHIB burning portal, which has already seen greater than 22.5 billion SHIBs, or $500,000 on the time of writing, faraway from circulation. Approximately 410.32 trillion SHIB – 41% of the full provide – has been burned for the reason that inception of SHIB.

READ MORE:

Leave a Comment