Shiba Inu (SHIB) developers have revealed details of their virtual reality project, “SHIB: The Metaverse,” unveiling 100,595 land plots, some of which would stay private. It is planned to distribute the land plots in stages. The first stage will grant access to 36,431 plots separated into four categories: Silver Fur, Gold Tail, Platinum Paw, and Diamond Teeth, with prices ranging from 0.2 ETH to 1 ETH. To guarantee that Shiba native currencies face no negative risk, the team has opted to deploy a neutral cryptocurrency as a land price token.
SHIB developers stated in a statement on March 30:
Using our ecosystem tokens is risky since we would have to drop our own token price in order to cash them in! And that is not our intention.
According to the developers, land purchasers will be able to create passive revenue, acquire in-game materials, and generate prizes, all of which will be revealed at the right time. While utilising and burning the dog-themed SHIB token, landowners can rename their plot.
In the release, it is stated that the developer will soon be revealing the first particular role that Shiba Inu (SHIB) will play in the Metaverse. By inviting a mechanic to separately burn SHIB while renaming your land plot, moreover, this should begin shortly after land events and public sales have concluded.
Developers stated that the rest of the SHIB ecosystem currencies, such as LEASH and BONE, would play a part when further phases are rolled out, and that LEASH holders will be able to acquire land in subsequent stages. Shibarium, a layer-2 solution for SHIB, will be used to create the Metaverse. At press time (10:00 IST), the SHIB coin was trading at 0.0021.
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