Floki Inu Soars to New Heights in the Cryptocurrency Market
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2022-05-05 | Selina Mathew
As the development team continues to add usefulness for holders, the Metaverse Memecoin Shiba Inu may now be used to acquire land in the SHIB Metaverse using the native SHIB token.
Shiba Inu (SHIB) holders will now be able to buy land in the Shiba metaverse using their cryptocurrency.
The Shiba Inu team announced on Twitter on Wednesday that the SHIB token may now be used to create land parcels in the recently released virtual reality project "SHIB: The Metaverse."
In SHIB: The Metaverse, there are 100,595 distinct types of land to choose from. Initially, only ETH could be used to acquire land. Now that SHIB has been integrated into the metaverse project, users may not only purchase land but also customize their virtual land.
Landowners in SHIB: The Metaverse will be able to earn passive revenue, acquire in-game materials, and earn awards, but details on these are still being worked out.
The SHIB metaverse's land plots will be delivered in stages. On April 13, 36,431 plots were unlocked in the first stage, with the land separated into four categories: Silver Fur, Gold Tail, Platinum Paw, and Diamond Teeth, with prices ranging from 0.2 to 1 ETH.
Despite the public perception of SHIB as a basic meme coin fueled largely by excitement and Elon Musk tweets, the SHIB ecosystem has expanded to include NFTs and the Defi-platform ShibaSwap.
The SHIB ecosystem also includes subsidiary tokens like LEASH and BONE, which creators hope will become more important as the metaverse project develops. Holders who lock their LEASH currently get preferential access to land bids, whereas BONE is a governance token that lets holders vote on metaverse development choices.
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