Shiba Inu coin owners are now buying their way to the Shiba Inu metaverse through selling multiple plots of Shiba land. Shiba Inu developers have announced that the protocol behind the popular meme coin will soon offer plots of virtual land in an upcoming Shiba Inu metaverse.

The concept of metaverse has gained steam in recent months, mostly due to Facebook’s parent company, Meta.

Metaverses are generally defined as a virtual world in which people can interact in the same way they do in the real world, but through the use of digital technology.

How to Buy Land on Shibverse?

Shiba inu fans will not have to wait much longer to own a piece of the dogecoin-themed metaverse that has been created.

Market Insider stated that the developers of the meme cryptocurrency are planning a 10-day sale of digital land in the up and coming “Shibverse” metaverse. This was announced during a Twitter Space session held on Wednesday. 

These 35,000 plots represent only a fraction of the total of 99,000 plots that will make up the Shiba Inu metaverse when it is completed.

Prices will vary depending on the location of the land. Some plots of land will be more expensive than some. Shiba Inu lands that are much closer to the dog park, for example, are said to cost more in price. 

A crypto YouTuber, ArchAngel, stated that users who have the highest locked amounts of Shiba Inu leash token will be able to bid on the largest plots of land available for purchase.

The first phase of selling will include the bidding of the 35,000 plots of land. LEASH token holders will get to buy the land first.

The remaining plot of land will be sold to the second batch of selling. However, Shibverse enthusiasts can only buy it through Ethereum. A wallet can purchase up to 100 parcels of land measuring 10 by 10 feet.

However, the official date the 10-day event has not been announced yet.

Read Also: Metaverse Effect? Canadian Company Buys Virtual Land for $2.5 Million–And It’s for Virtual Fashion Shows!

Impact of Shiba Inu Metaverse on SHIB’s Price

According to CoinMarketCap, SHIB is the 14th most valuable cryptocurrency in terms of market capitalization, with a value of $13 billion.

Shiba Inu price is at $0.00002394. InOctober 2021, the Shiba Inu coin reached its all time high of $0.000088.

As reported by FXempire, the cryptocurrency has indeed been rejected as it came up against the $0.0000275 resistance level twice in the last five days.

As the situation between Russia and Ukraine continues to deteriorate, the behavior of the cryptocurrency market has turned bearish in the previous 24 hours. As a result, according to CoinMarketCap, the total value of the cryptocurrency market has dropped by 10%, from $1.76 trillion to $1.58 trillion.

Nowadays, the movement of the cryptocurrency market continues to be more volatile. While it can be a great opportunity for other people to invest, it can also bring a great loss to those who invested in times where the value drops.

One thing is certain, Shiba Inu’s team is working really hard to ensure that their community and ecosystem continue to expand.

Related Article: Shiba Inu Price Prediction: Can SHIB Spike in 2022 After Latest Price Surge?

The shiba inu token has surged in recent weeks and now sits just outside the top 10 cryptocurrencies in market capitalization, according to CoinMarketCap.

Jakub Porzycki/Getty Images

• The team behind shiba inu announced its plans to create a metaverse on Twitter on Monday.
• The shiba inu token rallied on Tuesday, lifted by dip-buying along with the rest of the crypto market.
• This is the latest metaverse project to be announced as analysts predict it could become an $8 trillion market.
• For more stories, go to www.BusinessInsider.co.za.

The developers of shiba inu offered a first sneak peak of their metaverse project on Monday, posting an image from their very own “shibverse” on Twitter, triggering a rally in the meme cryptocurrency on Tuesday.

Shiba inu rebounded along with other altcoins in a broad crypto recovery. It was last up 9% at $0.00002105, up for the first time in three days, although it still held near this week’s three-month lows.

The team touted their plans for a metaverse back in November in a blog post by developer Shytoshi Kusama. “I believe for a ‘metaverse’ to be more than a bent infinity symbol, and a way to extract your data, it must provide real value to users and to do so requires a certain foundation that is built prior to the release of the technology,” Kusama wrote.

So, when shiba inu announced this on the back of other projects and after a year in which retailers welcomed accepting it as a payment option, this was in keeping with the promise to “provide real value to users.” That includes the decentralised autonomous organisation they announced at the beginning of January, which will give shiba inu holders voting rights over crypto projects and method for distributing awards called $BONE.

The idea of the metaverse, which is widely attributed to author Neal Stephenson, grew in popularity in 2021 and Grayscale announced that the metaverse had the potential to become a $1 trillion market opportunity, while Goldman Sachs analyst Eric Sheridan wrote in December that the virtual world could be worth $8 trillion.

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