Shiba Inu, one of the meme-tokens that followed in the footsteps of Dogecoin, the first meme-coin, has announced the beginning of its own metaverse effort. The project, dubbed “Shib: The Metaverse,” will integrate directly with Shiboshis, a set of NFTs that the team previously released. According to the team, this project will be produced by an unknown third-party game studio.
According to a press release from the project team Shib: The Metaverse is the virtual conclusion of our community’s history, shown in a layer of gorgeous aesthetics that demonstrate our inventiveness and unity while providing a place to genuinely call home.
Furthermore, the statement states that all of the Shiba Inu environment’s tokens will play a significant role in the metaverse and that the community will have “a great deal of engagement” in this virtual world.
Plots of Land and Their Values:
When compared to similar projects, “Shib: The Metaverse” promises to have one of the largest land maps. More than 100K land plots will be constructed, according to the team, and these will be able to be used for more than just adornment. While the Shiba Inu development team did not elaborate on how these plots will be monetized, they did say:
Landowners in Shib:
The Metaverse will be able to earn passive revenue, collect in-game resources, and earn rewards.
The team will keep a portion of these plots to serve as common ground for players moving throughout the metaverse’s map. Each of these plots will be priced differently based on which levels of the metaverse it belongs to.
The company had to explain why the cost of the land plots was advertised in ether rather than SHIB, the project’s native token. They expressed the following on this subject:
Because the cash raised will be used to fund Metaverse development, the team has decided to utilize a neutral coin that can be sold for stablecoins to pay all of the sources.