Shiba Inu (SHIB-USD), a decentralized meme cryptocurrency, that started as a joke, has announced important plans to enter the metaverse. This a strategy that shows a game-changer ecosystem evolution. Investors that are interested in Shiba Inu now have a key reason to be more optimistic about the coin’s future. Its utility should increase, and a wider adoption of SHIB-USD usage could be supportive of its demand and price.
Knows as the “Dogecoin (DOGE-USD) Killer,” Shiba Inu has announced its plans to develop its own virtual space and world, “Shib: The Metaverse”.
Investors should know that this strategic decision by Shiba Inu to enter the metaverse is summarized in two core ideas. First, the metaverse offers infinite possibilities to develop, create, innovate, and create value in the digital world. Second, the goal is that “Shiba Inu’s Metaverse is positioned to become a massive environment for the #ShibArmy to grow, share, and benefit together.” It is a complete transformation from being just a meme token to an ecosystem that will attract not only speculators in the cryptocurrency market but investors who see a lot of growth and potentially huge profits in what the metaverse could offer.
The details for “Shib: The Metaverse” have been released and are now not just an abstract idea, but an organized plan. Shiba-Inu wants to support its community interaction, its creativity, and participation in future choices.
A new portal at SHIB.io will be soon launched and it will be the main source of everything related to Shiba-Inu and its metaverse. The SHIB metaverse will have 100,595 plots of land. Some lands will remain both locked and private to be used for common grounds.
The initial or introductory phase of the “SHIB: The Metaverse” will only have 36,431 plots of land unlocked, consisting of four different Districts: the Growth District, the Defense District, the Technology District, and the Currencies District.
In this initial phase, investors should expect as in real estate that the land value will depend on its location. There will be four tiers as categorization for these lands. The lowest: Tier 4 Silver Fur will have 17,030 Lands. And the highest, Tier 1: Diamond Teeth, will have 2,024 Lands. There will also be a Private Locked HUBS consisting of 4,307 Lands.
The big news is that the most active investors and users in the development of this metaverse ecosystem will be rewarded by with 15 dedicated total lands by the development team.
The price schedule for each tier ranges from 0.2 ETH-USD for (Tier 4) Silver Fur to 1 ETH-USD for (Tier 1) Diamond Teeth.
Investors should monitor the new portal closely. The opening of early investing into this metaverse may lead to high demand and a rally for Shiba Inu. However, expect high volatility to remain with SHIB-USD.
On the date of publication, Stavros Georgiadis, CFA did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
