Shiba Inu’s all-new metaverse program could compete with established players such as Decentraland.
The team behind Shiba Inu (SHIB) has unveiled the much talked about virtual reality project “SHIB: The Metaverse”. Instead of SHIB, the developers chose ETH as the land pricing token.
“SHIB: The Metaverse”
As per the latest blog post, the metaverse will have 100,595 plots of land. Public lands will be up for purchase, while the private ones that represent key locations within the metaverse will be locked away.
The plots will be released in phases. The introductory phase will include unlocking 36,431 plots of land and classified into four categories: Silver Fur, Gold Tail, Platinum Paw, and Diamond Teeth, which are valued in the range of 0.2 ETH to 1 ETH.
As the phases roll out, all tokens SHIB, LEASH, BONE will play a role. However, ETH and not a SHIB will be used for purchases because the collected funds will be used to pay for the Metaverse development. Hence, the team decided to use a “neutral coin” as a land pricing token that can be sold into stablecoins to pay all the sources. The post read,
“Using our ecosystem tokens is a risk, as we would need to dump the price of our own tokens to cash them in! And that’s far from our plans.
The announcement also revealed that users who own land in the Shiba Inu-influenced world will be able to generate passive income, gather in-game resources, and generate rewards. The team will also introduce new ways to earn.
Dogecoin creator admits to being “salty”
Dogecoin co-founder Billy Markus has poked fun at his longtime rival, the new Shiba Inu metaverse project. In fact, he continued to to say that doing “random metaverse” and “selling fake land” with Ethereum wouldn’t improve SHIB’s usefulness.
“How is making a random metaverse and selling fake land with Ethereum adding utility to their project. I mean whatever if people wanna give the devs even more money go ahead but if I was a SHIB holder I would be annoyed.”
In a follow-up thread, Markus also revealed that he only earned $3,000 for creating Dogecoin eight years ago, which has a market capitalization of $80 billion. After watching scam artists make millions, he admitted to being “salty”. In response to a Twitter user’s comment, Markus also claimed that every meme piece created after Dogecoin is a “disgusting money grab”.
