Developers behind the meme cryptocurrency shiba-inu (SHIB), revealed details of their virtual reality project, “SHIB, The Metaverse,” and announced 100,595 land parcels. Some of these plots will remain private.
In phases, land plots will become available. The initial stage will unlock 36.431 plots. These plots are divided into four categories: Gold Tail, Silver Fur, Platinum Paw and Diamond Teeth. They can be purchased for between 0.2 and 1 Ethereum.
The team decided to use neutral cryptocurrency to price land, in order to avoid any downside risks for Shiba native coins.
“Using our Ecosystem Tokens poses a risk as we would have to dump our tokens and cash them in their price.” Developers stated that this is far from our plans. announcement published
The team stated that land buyers will be able generate passive income and in-game resources. They will also be eligible to receive rewards.
Landowners have the option to rename their plot and use or burn the SHIB token with a dog theme.
The announcement stated that “We will be introducing $SHIB’s first special role in the Metaverse.” “We are welcoming a mechanic who can burn $SHIB on his own while renaming your plot of land. This should happen soon after the land events and public sales have ended.”
Developers stated that other SHIB ecosystem coins such as LEASH or BONE will be a part of future phases. adding
that LEASH holders will be able to purchase lands in later stages.
The Metaverse is being developed in Shibarium. This layer-2 solution will allow for SHIB to create it.
SHIB token was flatlined at 0.00002274 as of press time. Developers hinted at a foray into the metaverse in early February.