Holders of the popular Shiba Inu (SHIB) memecoin can now use the cryptocurrency to buy land in the Shiba metaverse.
On Wednesday, the Shiba Inu group took to Twitter to show that the SHIB token can now be used for mint parcels in the region in the recent announcement of the virtual project “SHIB: Metaverse”.
New minting option launched at https://t.co/f2oLn05qWk!
coin ground with $ SHIB!
Details gudang lagu go with others live $ SHIB:
0.2 ETH equals inside $ SHIB
0.3 ETH equals inside $ SHIB
0.5 ETH equivalent in $ SHIB
1 ETH equals inside $ SHIB #ShibTheMetaverse #ShibMV pic.twitter.com/mOrpwDSkDK ib
– SHIB: The Metaverse (@ShibTheMV) May 4, 2022
There are 100,595 different plots in SHIB: The Metaverse. At first, it was only possible to buy land using Ether (ETH). Now, the integration of SHIB into the metaverse project makes it possible to not only buy land, but also give users more options for their virtual land.
SHIB landlords: The Metaverse will be able to generate past revenue, raise in-game resources, and generate rewards, even if these have not yet happened.
The soil in the SHIB metaverse will be released in stages. Initial levels saw 36,431 lots open on April 13, with the region being divided into four categories: Silver, Gold Tail, Platinum Paw, and Gemstone, valued at 0.2 ETH to 1 ETH.
Although there are popular descriptions that describe SHIB as a simple memecoin driven by hype and Elon Musk’s tweets, the SHIB ecosystem has grown to support non-fungible tokens (NFTs) and decentralized finances. (DeFi) platform ShibaSwap.
The SHIB ecosystem is also made up of product tokens, including LEASH and BONE, which the developers claim will play a more important role than the metaverse project design. Now, the insurers who join their LEASH have a key entry into the ground race, while BONE is a policy that allows voters to make informed decisions about improvements. repair of the intersection.
According to a recent Intermediate Partnership, SHIB: Metaverse will be developed by Shibarium, layer 2 scaling next to SHIB. A public trial for Shibarium is scheduled to begin next month, with a public beta to follow soon.
At the time of writing, SHIB has faced short-term competition, gaining around 6% in the last 12 hours. Overall, the price action against the token is still slow, with SHIB now down 12.3% in the last two weeks. The token is currently trading at $ 0.0000218, down 74% from its all-time high of October 28 last year.
On April 23, the developers released the SHIB burning portal, ShibBurn, which had already seen more than 22.5 billion SHIB, or $ 500,000 at the time of writing, removed from circulation. Since the start of SHIB, approximately 410.32 trillion SHIB – 41% of total assets – have been burned.
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