The crypto world is home to a number of protocols spectates overwhelming events coming in from numerous projects. This time around, the meme coin Shiba Inu is back in limelight, post its healthy run on the charts. The buzz in the business comes as the Shiba Inu team announces updates around its virtual land in its metaverse “Shiberse”.
The updates around the virtual land in Shiba Inu’s metaverse have thunderstruck a spark of interest amongst the savvies. Investors are now keen on the initiative by the meme coin team. As they now have an alternative to Decentraland, and The Sandbox to consider. In the interim, SHIB price falls back to double-digit losses, post its 75% moonish run.
Will Shiberse Be A Host To Global Giants?
The Shiba Inu team has made announcements of its virtual real estate, which is named “Shiba Lands”. The virtual land parcels will be available for purchase, as the firm ventures into its metaverse “Shiberse”. The initiative enables the token holders to own land, in the canine-themed metaverse. The bidders for the properties would be allotted via a queue system.
Successively, the queue system will ease out the process preventing congestion and high gas fees. It is learned that priority will be given to LEASH holders, giving them an edge over others. The land sale will be open to the general public only after the LEASH holders have bid for their respective properties.
The move by the makers would further empower the LEASH token’s value and the holder count. LEASH and BONE holders have been getting enticing perks from the makers. Across their development initiatives such as Shibarium and DOGGY DAO. The strategy from the team would create a balance in the tokens from the ecosystem.
In the interim, the SHIB price has fallen back to another round of correction. Post a healthy 75% run since the start of the month. The canine-based coin at the time of press is changing hands at $0.00003135 with a dip in profits by 10%. While the market cap has crept back to levels around $17,226,028,509, the 24-hours trade volumes are at $3,028,684,447.
Summing up, Shiba Inu’s metaverse “Shiberse” has caught the interests of the masses. When launched the project will be a direct rival to the likes of Decentralnd, The Sandbox, and the much-talked Metapolis from Zilliqa. Shiba Inu has been taking giant strides in withdrawing its fun-only tag, as the utility now seems to be challenging bigger players. Factoring in the initiatives in the pipeline SHIB is emerging as a buy during the dips.