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SHIB Can Now Be Used to Buy Land in Shiba Metaverse

The Shiba Inu team has just announced the option to mint land with the company’s native token $SHIB. Developer Shytoshi Kusama was excited to introduce the new feature, saying it was highly motivated by the opinion of Shiba’s community members.

Introductory Public Sale Events for Shiba’s Metaverse Explorers

Just a month ago, Shiba Inu revealed their plans to offer 100,595 pieces of virtual land in the SHIB Metaverse. Four weeks later, SHIB Metaverse entered the third stage of its introductory phase and now lets its users buy land in $SHIB without locking LEASH or Shiboshis, SHIB’s Metaverse ecosystem assets. Initially, this was only possible if you purchase land in ETH, but now $SHIB is successfully integrated not only in the purchase of the land itself, but also into naming, renaming, and adding images and logos to acquired land.

A favorite amongst ETH whales

Current stats show Shiba Inu is still the top crypto asset among the top 500 ETH whales. Moreover, the ETH whales are holding a whopping $1.2 billion worth of SHIB coins. Shiba Inu also has a constant growth in account holders and now there are 1.4 million wallet owners. It hasn’t necessarily reflected on Shiba Inu’s price yet. The meme coin has dropped by 10.10% in the last 7 days.

Nonetheless, it seems that Shiba Inu attracts holders that are mainly focused on long-term perspective. On the other hand, the low price of SHIB (currently $0,00002078 per coin) makes it available for those who are just curious and don’t expect guarantees. In conclusion, it seems that Shiba Inu is trying hard to grow its reputation as a meme coin into a bigger, more solid blockchain concept.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a blockchain journalist and content creator, focusing on the latest tendencies of the crypto world and digging deeper into specific innovations like music NFTs, gaming NFTs and Metaverse. Vast experience in social media lets Tadas quickly spot what’s going on in the crypto industry and deliver a story with a unique spin.