​Shiba Inu enters Metaverse with over 1,00,000 plots to take on Decentraland

economictimes.indiatimes.com:

Metaverse,' their much-awaited virtual reality project. Ether, Ethereum's native cryptocurrency, has been fixed as the pricing token for land deals. The latest project by the much-followed meme coin will have 1,00,595 land plots, of which some will remain private. Though the plots will be released in a phased manner. The main goal behind the SHIB project is to create one of the strongest communities in crypto history, said Edul Patel, CEO and Co-founder of Mudrex. «Its big announcements of getting into metaverse space and offering more than 100 thousand plots of virtual space have gathered more than 3 million followers, adding to the token.»

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The plots are divided into four categories, namely Silver Fur, Gold Tail, Platinum Paw and Diamond Teeth and priced between 0.2 to 1 ether (ETH). The neutral cryptocurrency has been fixed for land pricing to ensure no downside to Shiba Inu's native token. The metaverse will be developed in Shibarium, a layer 2 system for SHIB. «Using our ecosystem tokens is a risk, as we would need to dump our own tokens price cashing them! And that's far away from our plans,» Shiba Inu's official blog stated. Pratik Gauri, Founder and CEO, 5ire said Shiba Inu has gathered a lot of play with its fans deemed ShibuArmy, and now will allow the users to earn passive income. Market experts believe that Shiba Inu is entering the metaverse space to compete with Decentraland. Shiba Inu tanked 12 per cent on Friday to $0.00002481. The token was commanding a market capitalisation marginally below $15 billion, whereas volumes dropped 5 per cent to $1.49