Developers behind popular memecoin Shiba Inu said the protocol would soon offer plots of virtual lands in an upcoming, yet-unnamed metaverse. By shauryamalwa
Developers behind popular memecoin Shiba Inu said the protocol would soon offer plots of virtual lands in an upcoming, yet-unnamed metaverse, causing prices of ecosystem tokens like SHIB and LEASH to jump as much as 40%.
Metaverses generally describe a virtual world in which people can interact as they do in the real world, but digitally. The concept has gained steam in recent years, with metaverse tokens like Decentraland's MANA and Axie Infinity's AXS being worth billions of dollars. “The Metaverse is set to be one of the biggest areas within crypto for many to enjoy…using it as another great resource to offer crypto communities incentivization, content, and regular royalties,” Shiba Inu developers said in aThe so-called “Shiba Lands” would be found inside the upcoming Shiba Inu metaverse and will be available for purchase or auction using LEASH tokens.
Developers said they are working on a ‘queue system’ designed for the Shiba Lands sales event. Participants earn a place in the queue based on the amount of LEASH they hold. Such a system would prevent opportunistic bots from snapping up land early at low prices to sell them at a higher price to the community.from analytics tool CoinGecko show. SHIB has a supply of 1 quadrillion tokens, with half locked away, while LEASH has only 107,647 minted tokens.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SHIB Whales Increase Value of Holdings by 27% as Shiba Inu Clinches Most Traded TokenSHIB is presently the most traded token by the top 1,000 ETH whale wallets ShibArmy Friendshibs Shiberse
Read more »
Is Shiba Inu overheating after SHIB price gains 75% in two weeks?Is Shiba Inu set for another bull run or is it just a mirage? SHIB’s price gains 75% in two weeks, but bearish signals are appearing.
Read more »
Shiba Inu Dominance Among Large Wallets Reaches 15% as Token's Price Spikes by 26%$SHIB gets closer to the top as the price rebounds
Read more »
Shiba Inu Team Announces Decentraland CompetitorShiba Inu Lands will compete with such projects as The Sandbox, Decentraland and CryptoVoxels
Read more »
Shiba Inu Addresses Surge 100% as SHIB Price SkyrocketsShiba Inu token holders have demonstrated strong conviction in SHIB project ShibArmy WellyFriends
Read more »
Top 100 SHIB Holders Control Over 25% of the Total Shiba Inu SupplyOn-chain data shows that the 100 largest SHIB token holders control over 25% of the Shiba Inu coin's total supply.
Read more »