Shiba Inu

Shiba Inu is gearing up to enter the Metaverse and will be selling digital plots

Crypto

Shiba Inu, a meme coin that has made a lot of money in the cryptocurrency market, has chosen to venture into the metaverse. Shiba Inu’s creators have revealed that a Shiba land plot will be available for purchase in the Metaverse shortly. For those who don’t know, the Metaverse is a virtual environment that allows users to communicate with one other as 3D avatars using digital materials.

This field, which is backed by blockchain, is attracting a lot of small and major digital businesses. The Shiba Inu Metaverse is now dubbed “Shiberese,” but its real name will be revealed later in February, according to community organisers.

The creators of this meme currency want to sell Shiba land as a virtual real estate enterprise.

Shiberse will be open to holders of the Doge Killer (LEASH) cryptocurrency established by SHIB developers. The LEASH token was trading about $1,769 (around Rs 1.30 lakh), according to CoinMarketCap.

“After this exclusive procedure of selling the property is completed, the remaining land will be opened and made accessible to the general public,” according to the release. The Shiba Inu team is also in negotiations with unidentified entities about joining this Metaverse initiative.

This cryptocurrency, called the Dogecoin killer, was developed in August 2020 by a mysterious inventor named Ryoshi. Shiba Inu, which arrived on the market after Dogecoin, drew a huge amount of attention as soon as it did.

On CoinMarketCap, each SHIB coin was worth roughly $0.00003342 at the time of writing (approximately Rs.0.0025). According to several research studies, the Metaverse industry will reach $ 800 billion by 2024. (about Rs 59,58,719 crore).

Cryptocurrencies are an important aspect of the metaverse because they allow individuals to calculate the worth of digital assets as well as the fiat money returns they generate.