Shiba Inu’s development arm shares more details about the WAGMI temple. The network’s metaverse team will promote Fireside chats throughout the creative process. Here are the details….
Shiba Inu made new statements about the metaverse project
Shiba Inu’s development team has revealed more details about their upcoming metaverse project idea. WAGMI stands for “We Are All Going to Make It”. The latest post on the Shiba Inu blog stated that the WAGMI temple will create a zen-like environment of spiritual connections with the earth, serene meditation, sensation and natural beauty. The Shiba Inu also revealed black and white images for the upcoming WAGMI temple. The concept behind the images is to show a strong, powerful, physical and connected world. The goal is to share important feedback with the SHIB military (Shiba Inu community).
Some of the feedback will include the roles of the WAGMI temple in the Shiba Inu metaverse project. According to the blog post, the metaverse team took inspiration from various sources to design the architectural concept for the WAGMI temple. Such sources of inspiration include Swaminarayan Akshardham in New Delhi and the Temple of Heaven in Beijing.
SHIB developers have Fireside chats
Shiba Inu also revealed that the metaverse team will be creating Fireside chats while building the metaverse. The Fireside chat will allow community members to ask questions, suggest ideas, and express concerns about the project. Shiba Inu will conduct the conversations on their official Discord channel. It will then make it available on other platforms.
The network will host the first Fireside chats for the WAGMI temple on September 8, 2022. Shiba Inu promoting a WAGMI temple is another way to prove that this is not just a meme coin but more of a utility project. It is worth noting that, as we have reported as Kriptokoin.com, the developers of SHIB created the basic structure for the metaverse following the announcement of The Third Floor. The developers said that this core build is a mix of networking best practices.
SHIB tokens are burning
Meanwhile, according to ShibBurn’s Twitter account, more than 3.7 billion SHIB tokens were burned in August. The price, however, is still down 9 percent. The price drop creates fear among the SHIB military. Meanwhile, developers are making efforts to improve the incineration policy. Investors seeking long-term returns see an improved burn policy as a positive sign. An example of such a positive sign is Uniswap’s support for the burn protocol. The burning process was aimed at increasing the price of the SHIB.
In the past hour, there have been a total of 751,082 $SHIB tokens burned and 1 transaction. #shibarmy
— Shibburn (@shibburn) September 3, 2022
Metaverse projects also have the potential to increase the price of the native token. Towards the end of last month, SHIB’s market cap realized value ratio showed a downward trend. However, this trend is starting to change. It indicates that the price of SHIB may increase in the next few days. However, recent data from on-chain analytics platform Santiment pointed to an increase in the number of active daily addresses for SHIB tokens.
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