Shiba Inu (SHIB) Enters the Metaverse, What’s Next?
A larger market recovery, followed by a so-called meme token recovery as whales accumulated Dogecoin, and now comes the time for meme tokens venturing the Metaverse. Shiba Inu, the Doge-killer is set to enter the metaverse space with a new project called Shiba Lands.
The Dog In the Metaverse
Shiba Inu developers recently made the announcement of a new project called Shiba Lands which will allow purchasing digital real estate that will become available for sale ‘really soon.’
New Blog: A METAVERSE Story that begins… with an update!
🏡 Introducing Lands, a queue system, and more!
🦮 $LEASH holders will be the first to gain access to Shiba Inu Metaverse Lands.
Read more… https://t.co/S758ClAbRC
— Shib (@Shibtoken) February 8, 2022
Users will now be able to own virtual pieces of land in the Shiba Inu Metaverse. The development will aid SHIB’s ecosystem expansion and allow token-holders to own land and be a part of the dog-themed Metaverse.
But the catch is that there would be a queue system for bidding on the properties and first priority will be given to Leash holders to stay ahead of the line.
This comes after Shiba’s January Metaverse announcement about the ‘Shiberse.’ On 24 January 2022, Shiba Inu decided to launch its own ‘Shiberse,’ which is supposed to be an immersive experience for its ecosystem and the Metaverse space.
Following the announcement of Shiberse, the official Twitter handle of SHIB recently released its first-ever update regarding Shiberse in the form of the Shiba Lands.
Leash and Bone HODLers are set to gain added advantage as all major developments, including Shibarium and Doggy DAO are seeing Bone and Leash being the primary token for transactions.
SHIB Metaverse Evolving
Shiba Inu’s Metaverse is called ‘Shiberse’ and stands in direct competition with Decentraland, Sandbox, Gala Games and Axie Infinity, and other Metaverse ecosystems. Even though Shiba is a newcomer to the Metaverse-sphere, Shiba Inu has already gained investor attention.
Retail crowds have already flocked to SHIB due to the high occasional gains the coin presented over the last year. The queue system for its land release aims to prevent high gas fees which happened during the Shiboshi NFT launch in 2021.
In a blog by the team, they said that the queue system ‘will make the process something fair and smooth for our community worldwide.’
Notably, in tandem with the announcement, Doge Killer (LEASH) saw a close to a 40% spike in price. Furthermore, the Shiba Inu team has also hinted at new partnerships in a recent blog post:
“We have already been negotiating and meeting with some TOP partnershibs about this project. All for this exciting new environment to be welcomed with great energy and the way it’s intended to.”