Shiba Inu (SHIB-USD) is building its own metaverse. It will be known as SHIB: The Metaverse. Although Shiba Inu remains down approximately 31% year-to-date, the development has the potential to move SHIB prices massively.
One of the most obvious reasons investors should care is that SHIB: The Metaverse provides a unique opportunity: The ability to own digital real estate. That real estate, known as Shiba Inu Lands, isn’t fully developed yet, but that shouldn’t intimidate bold investors.
The benefits of owning digital real estate are already well-established. Investors who missed the opportunity to invest in similar assets in The Sandbox (SAND-USD) and Decentraland (MANA-USD) should pay attention.
That is because digital land is very valuable. The cheapest parcel available in Decentraland will cost you 3,487 MANA. A single MANA token is worth about $2.30. So, the cheapest parcel is roughly valued at $8,020. Figures for land in The Sandbox are a bit more dated, but nonetheless, remain attractive. In late 2021, the cheapest parcel of land cost 3.54 ETH. That is about $11,500 at current prices.
At the high-end, plots can be in the millions of dollars.
There are a few things investors can do. The simplest is to buy SHIB and hope those future developments equate to rising prices. That is a much more passive strategy and one unlikely to reap the massive gains land speculators seek. The more active method is to purchase actual plots in SHIB: The Metaverse. No one knows when it will be released, but it should happen in 2022. For now, the best strategy is to continually seek news of that release and apprise yourself of how to purchase those parcels.
Shiba Inu burst onto the scene because it appreciated in price very rapidly. Those massive gains won’t occur again. It is much more stable now. That has investors less interested, as its potential looks to have deflated some. But its metaverse real estate potential makes it similarly explosive once again, albeit in a different manner.
On the date of publication, Alex Sirois 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.