After Shiba Inu’s historic rise of almost 1000% a few months ago, the hype train has steadily slowed down as the coin has been rapidly losing holders.
However, this doesn’t mean that there hasn’t been any interesting news surrounding the project. As most know, Shiba Inu is a community token, but has recently been trying to implement some utility for the token holders and rewards those participating in the ecosystem.
One of the biggest projects which was recently announced was the Shiba metaverse. The metaverse will consist of 105,595 individual pieces of land recognized as their own NFTs, similar to the massive metaverse game Sandbox (SAND).
On March 30th, the Shiba team released an update on their progress.
Here are the key takeaways:
– Only Shiba Inu tokens will be used: SHIB, LEASH and BONE
– Land prices will range from 0.2 – 1 ETH to mint, depending on rarity.
There will be three different parts in their land sales:
– Initial Exclusive Bid event
– Holders event (only SHIB and LEASH holders)
The initial first phase lands The Shiba team is making a big commitment by utilizing their native token as a main part of the Metaverse, which shows strong faith in the project’s potential and further incorporations of their other projects in the future. Ultimately, this is only one project of many to happen in 2022. Others such as the Layer 2 blockchain Shibarium and SHI; their own stablecoin