Shiba Inu is set to launch a metaverse of its own, codenamed Shiberse as well as introduce a virtual real estate on the platform named “Shiba Lands” as announced by the team behind the memecoin.
Metaverse is a network of 3D virtual worlds focused on social interactions, it is believed to be “the future” of the internet. Its popularity skyrocketed in 2021 after Facebook announced its new brand name, Meta, as well as plans to invest in the digital space. Afterward, many other digital currency platforms have shown great interest in investing in the infinite digital sphere, one of which is Shiba Inu.
As detailed by the Shiba Inu team, in 2020 alone, the Metaverse was estimated to be worth approximately $478.7 billion, a figure that keeps growing by the day. This explains the decentralized coin’s deep interest in tapping into the potential opportunities that the virtual sphere has to offer.
Further in the announcement, Shiba Inu expressed their vision of taking over the digital space, noting;
“like everything Shib does, we will lead this Metaverse sector. At this time, our early phase of development continues for the Shiba Inu Metaverse – Codename: Shiberse.”
Added to the intention of taking the lead in Metaverse, Shiba Inu also expressed its intentions of joining its contemporaries, Sandbox and Decentraland in the virtual real estate space by floating Shiba Lands, a digital reality world.
“We are happy to announce and proudly introduce Shiba Lands! These “lands” found inside our Metaverse will be available for purchase/auction really soon, and it will be our first step towards allowing the community to jump into the Metaverse prior to its full release!” the announcement reads.
Also, Shiba Inu will be establishing a “queue system” for the Shiba Lands, a model established to ensure fairness during the sale of the Shiba Lands. The system will aid with preventing “Bots and Gas wars” while ensuring that the process of acquiring lands comes easy for the community users, “partnershibs”.
The queue system will require users to hold some amount of “$LEASH”, a token linked with the Shiba Inu ecosystem. In addition to this, an anti-dump system has been developed to protect LEASH users from possible hacks and dumps on the platform.
Overall, the Shiba Inu team noted that “owning a piece of Shiba Real Estate will bring an array of benefits! We are not stopping, this is just the beginning,” with a promise to unveil more news specific to the metaverse in the near future.