The Shiba Inu team declared their entry into the metaverse and even unveiled the Shiberse, its own metaverse product. But the most pressing question in the crypto community is whether the Shiba Inu metaverse is a passing trend.
There are a lot of unanswered issues in the Shiba Inu community, and one thing that stands out is that Shiba has been struggling in the industry for the previous five months.
What is a Metaverse
For those unfamiliar with the concept, it is vital to understand that it is the result of combining the terms “meta” and “universe,” and it refers to a collection of shared virtual places that create a perceived virtual reality setting.
Virtual reality, which is defined by persistent virtual settings that exist even when you're not playing, and augmented reality, which mixes elements of the digital and physical worlds, are the two technologies that make up the metaverse.
It does not, however, necessitate that those areas be only accessible through VR or AR. A virtual environment that can be accessed through PCs, game consoles, and even phones, such as Fortnite, might be metaversal.
It also refers to a digital economy in which people can produce, buy, and sell products online. It's also interoperable, allowing you to carry virtual objects like clothes or cars from one platform to another, according to the most idealized visions of the metaverse.
You can buy a shirt in the mall and then wear it to the movies in real life. Most platforms already limit virtual identities, avatars, and inventories to a single platform, but a metaverse could allow you to establish a persona that you can carry with you wherever you go as easily as copying your profile image from one social network to another.
SHIBA Metaverse
Shiba Inu, a cryptocurrency, has launched its own metaverse with 100,595 pieces of virtual land. SHIB's value rose in 2021 after it was inspired by a dog meme and dubbed the ‘Dogecoin killer.' SHIB creators seek to drop the ‘memecoin' tag with the launch of its own metaverse.
Some virtual regions in the Shiba Inu metaverse will remain open to all metaverse visitors. Other properties will be available for purchase, but these will symbolize roadways (corridors): Avenues, Boulevards, and Hubs.
The Shiba Inu metaverse has been named ‘SHIB: The Metaverse' by its makers. Its users will be able to buy virtual lands through a series of events organized by the developers. Users must go to the Shiba Inu metaverse's official website. “In the next days, this new interface will be up and operating, allowing customers to begin the process of securing their assets.” The event should begin shortly after this process is done. The SHIB blog stated, “This is officially your last call prior to the first phase and activities connecting with the community.”
During the introduction phase of SHIB: The Metaverse, 36,431 plots of land will get unlocked, welcomed, and disclosed as a part of four separate districts: the Growth District, the Defense District, the Technology District, and the Currencies District, according to the event's developers.
The plots are separated into four categories in the first phase: Silver Fur (Tier 4) has 17,030 lands, Gold Tail (Tier 3) has 7,356 lands, Platinum Paw (Tier 2) has 5,714 lands, and Diamond Teeth (Tier 1) has 2,024 lands. There are also 4,307 Lands in the HUBS (Private Locked) category.
The minimum and fixed prices for each Tier are – 0.2 $ETH for (Tier 4) Silver Fur; 0.3 $ETH for (Tier 3) Gold Tail; 0.5 $ETH for (Tier 2) Platinum Paw; and 1 $ETH for (Tier 1) Diamond Teeth.
Ether enthusiasts will be able to purchase the lands. “In order to compensate all of the sources, we've opted to use a neutral coin that can be sold into stablecoins.” It's a risk to use our Ecosystem Tokens because we'd have to dump our own tokens before cashing them! And that's not in our intentions,” the makers of SHIB noted in a blog post.
Every user who owns land in SHIB: The Metaverse will be able to create passive revenue, harvest in-game materials, and generate prizes, according to the SHIB developers. “We'll be presenting a novel and interesting method to earn, as well as providing users with a personal place where they can create and manage their own projects,” says the company.
Conclusion
The SHIB verse opens up a slew of investing prospects. According to the site, this would tie the buyer to a part of short, mid, and long-term projects.
Each district will have its own distinct characteristics and diversity. Each district's landowners will be able to unlock unique features and opportunities. If you are further interested in SHIBA and think it has potential, you can find how to buy Shiba Inu on CEX.IO blog page
Aidan has been writing about personal finance for over 6 years. Prior to this, he worked as a Corporate Finance Analyst where he specialized in Due Diligence, Company Valuations and more. He is a CFA charterholder.
