Shiba Inu’s metaverse plans have worked wonders for the ecosystem. For example, a token in the Shiba Inu ecosystem, Leash, rose 44% on SHIB metaverse real estate plans, reports Markets Insider†
The symbolic LEASH, also known as the DOGE killer, is part of the Shiba Inu ecosystem. Values rose an incredible 44% after developers revealed they were developing a real estate metaverse.
Details of the new project, which is going through Shibaverse, came to light in a blog post Tuesday. Developers said the temporarily named company will try to introduce Shiba Lands, virtual properties in the Shiba Inu metaverse, with availability for purchase “soon”.
‘LEASH’ token is prioritized
The labeled DOGE Assassin (LEASH), trading under the ticker LEASH, will be given priority and exclusive access to the properties. The rest will be unlocked to the public.
New blog: A METAVERSE Story that begins… with an update!
🏡 Introducing Lands, a queuing system and more!
$LEASH holders will be the first to gain access to Shiba Inu Metaverse Lands.
Read more… https://t.co/S758ClAbRC
— Shib (@Shibtoken) February 8, 2022
The developers said in a blog post, “The metaverse will be one of the biggest areas in crypto for many, while others will produce content and developers will set up stores to use it as another great resource to offer crypto community outreach. , content and regular royalties,”
According to the latest figures, Shiba Inu has the 4th largest trading volume in the last 24 hours, only less than BTC, ETH, XRP. LEASH rocketed, trading at 9:56 a.m. ET Wednesday at $1,775, based on data from CoinMarketCap. It represented a 41% increase.
The dog-based meme coin, which stands shoulder to shoulder with DOGE, the other dog coin, is ranked 2833 by market valuation, although it’s unclear what the maximum circulating supply is. Besides LEASH, there are two more cousins in the Shiba Inu ecosystem – bone shibaswap (BONE) and Shiba Inu (SHIB).
The developers of Shiba Inu are now entering a market hitherto dominated by Sandbox and Decentraland. As a result, their tokens have exploded to billions of dollars by market cap.
According to Greyscale, the largest crypto fund manager, metaverse could multiply and generate $1 trillion a year in revenue from advertising, digital events and more.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication is not responsible for your personal financial loss.
About the author
Parasshuram has been online in various capacities as a pro blogger, top researcher and now senior editor at CoinGape.com. He has over 14 years of experience in online publishing. Mr Shalgar can be reached at: [email protected]
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