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ShibaInu reveals SHIB: The Metaverse, its metaverse


Cryptocurrency

ShibaInu reveals SHIB: The Metaverse, its metaverse

Developers behind popular meme cryptocurrency ShibaInu (SHIB) have revealed details of their virtual reality (VR) project “SHIB: The Metaverse,” announcing over 100,000 land plots, some of which will remain private.

This initiative is the response from the ShibaInu’s developers to compete with Decentraland and, according to the ShibaInu team’s blog post, a metaverse is about shared virtual spaces that form a perceived VR environment,intending to create one of the most robust communities ever gathered in all of the crypto’s history.

ShibaInu’s metaverse will feature 100,595 plots of virtual land, public lands will be available for purchase, and some lands will be reserved for use as common land and avenues, axes, and boulevards.

In the initial phase, the developers will unlock 36,431 land units that will feature four districts— Currencies District, Defense District, Growth District, and Technology District. The Districts will be further into four tiers—      Silver Fur, Gold Fur, Platinum Paw, and Diamond Teeth, with prices ranging from 0.2 to 1 ethereum (ETH), according to their levels, as the developer team decided to use a neutral currency.

According to the SHIB project’s developer team, SHIB: The Metaverse provides an opportunity to generate passive income and generate rewards in a vital year for its entire ecosystem through the implementation of Shibarium, a Layer 2 (L2) in which the metaverse will be developed.


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