Shiba Inu is breaking new grounds and attaining new heights in the cryptocurrency market. Recently, the Shiba Inu developers announced that they would be launching the Shibervse, their digital space in the Metaverse. Following the announcement, they are set to release 99,000 plots in the Shiberse.
The team behind the fast-rising meme coin, Shiba Inu ($SHIB), has announced a proposed launch of 99,000 plots of land in the Shiberse. The Shiberse is the cryptocurrency’s proposed Metaverse. A total of 35,000 plots will be sold to $LEASH holders.
According to a statement by Watcher Guru, the Shiberse will be launched in the Metaverse in phases. The Shiba Inu’s project team will organize a 10-day sale of the digital assets, where 35,000 lots of land in the Shiberse will be sold out.
Who can Buy in the Shiberse
The sell-off of the lands will favor the holders of the $LEASH token as they will be granted early access to purchase the 35,000 plots of land via a portal dedicated for that purpose. To be eligible to purchase the lands in the Shiberse, LEASH holders must lock their $LEASH tokens. However, their ability to lock as many $LEASH tokens as possible will shorten the lock-in period.
A user who locks 5 LEASH will be able to purchase the land the size of 10×10 while locking 0.2 LEASH will be allowed only to buy a 1×1 piece of land in the Shiberse. Thus, the more a user locks up his LEASH, the more chances he gets to buy larger plots of land in the Shiba Inu Shibverse.
Though LEASH is the token needed to be locked to be eligible to bid for the plots of land, the digital assets will be sold for Ethereum’s native token, $ETH. Depending on the location of a user’s choice of land, the cost of a plot of land will range from 0.2 ETH to 1 ETH.
After the sale of the first batch, the second batch of land for sale will be released. This time, the lands, priced at ETH, will be made available to LEASH token holders and the public.
As the cryptocurrency market rebounds, the tremendous growth of the value and price of Shiba Inu is quite overwhelming. Early this month, Shiba Inu community leader, Shytoshi Kusama, announced a partnership deal with Wellys – a physical burger restaurant outlet in Italy. As described by the community leader, the partnership is the first of its kind and will be the only SHIB restaurant championed by the community.
Additionally, the meme coin is working with Unification – a Singaporean-based blockchain solutions company that has built a world-class reputation by collaborating with tech giants like Google and Amazon and the Shiba Inu community to develop Shibarium.
Shibarium is a supporting technology for the Shiba Inu ecosystem. It is a layer two network built on the Ethereum blockchain protocol. The development of Shibarium will ensure a low transaction cost for gamers. According to Unification, a prototype of the technology will be tested soonest.