Shiba Inu to Develop Its Own Metaverse Initiative

Shiba Inu, one of the meme-tokens launched mimicking the idea of dogecoin, the first meme-coin, has now announced the development of its own metaverse initiative. The project, which is called "Shib: The Metaverse," will have direct integration with Shiboshis, a series of NFTs the project issued before. The team specified that this project would be developed by a yet-unnamed third-party game studio.

According to an announcement issued by the project team, "Shib: The Metaverse" is the culmination of the project's history as a community, virtually displayed, in a layer of beautiful visuals that showcase its innovation and unity with a place to truly call home.

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Furthermore, the announcement declares that all of the tokens in the Shiba Inu environment will play an important role in the metaverse, and that the community will have a "great deal of interaction" in this virtual environment.

"Shib: The Metaverse" aims to have one of the biggest land maps when compared with similar projects. The team confirmed that more than 100K land plots will be created, with these able to be leveraged for more than just decoration. While there was no explanation of the way in which these plots will be monetized, the Shiba Inu development team stated: "Users who own land in Shib: The Metaverse will be able to generate passive income, gather in-game resources, and generate rewards."

A part of these plots will be kept by the team to be used as common grounds needed for players to move across the map of the metaverse. Each one of these plots will have a different price depending on the tiers of the metaverse in which the plot is grouped.

The prices of the land plots were announced in ether instead of in SHIB, the native token of the project, a decision that the team had to explain. On this issue, they stated: "As we will use the collected funds to pay for the Metaverse development, the team have decided to use a neutral coin that can be sold into stablecoins in order to pay all the sources."

Source: Bitcoin.com