The Shiba Inu team recently introduced its upcoming metaverse called SHIB: The Metaverse. According to the team, SHIB’s metaverse consists of 100,595 land plots in four Districts. The four Districts are Growth, Defense, Technology, and Currencies District. Although some of the plots will remain private, most of the lands will be released in phases.
All you need to know about SHIB: The Metaverse
In the introductory stage, the team will unlock 36,431 land plots. Based on location, these plots are split into different tiers such as Diamond Teeth, Platinum Paw, Gold Tail, and Silver Fur. Prices of these plots range from 0.2 ETH to 1.0 ETH. As to why the team is pricing the plots in $ETH, not $SHIB, the team commented: “Using our Ecosystem Tokens is a risk, as we would need to dump our own tokens price cashing them! And that’s far away from our plans.”
Additionally, landowners in SHIB will be able to generate passive income, gather in-game resources, and generate rewards. The team will introduce ways to build and earn in the metaverse in their future updates.
Besides, the team has introduced a utility for $SHIB tokens in the metaverse, which is landowners get to burn $SHIB whenever they rename their land plots. As Shiba Discord moderator Queenie calculated, renaming 96,288 plots in the SHIB metaverse will burn an enormous amount of 80 billion $SHIB!
The metaverse is one of the hottest topics nowadays and the Shiba Inu team is following suit too. For perspective, traditional businesses are also jumping on the bandwagon. For instance, KFC has filed for metaverse-related trademarks this week. And the 114-year-old department store Selfridges has set up a metaverse department store in Decentraland lately. There will be more stories like this in the future. All we can say is sit tight and witness the most exciting moment of growth in the history of Web 3.