Shiba Inu Lands, announced by the Shiba Inu team, will compete with projects such as The Sandbox, Decentraland and CryptoVoxels.
Shiba Inu developers have stepped up their metaverse work by announcing a new project called Shiba Lands. Digital real estate will be available “coming soon”
Holders of LEASH, the native token of the ShibaSwap decentralized exchange, will be granted first-sales-stage permission, according to a queue system created by the developers. The rest of the land will open shortly after the first sale.
As we previously reported, the developers recently announced that the cryptocurrency has stepped into the metaverse space. The project will allow users to immerse themselves in a virtual world that will combine various elements of the Shiba Inu ecosystem. The metaverse of the cryptocurrency has been tentatively named the “Shibverse”. His real name is expected to be revealed by the team this month.
The Shiba Inu team also provided information on the new partnerships in a recent blog post:
“Finally, we are already discussing this project with some key partners. All so that this exciting new environment can be prepared with great energy and as intended.”
Metaverse-related tokens hit a massive rally in early November following tech giant Facebook’s rebranding as Meta. MANA, the native token of Ethereum-based virtual reality platform Decentraland, has started to attract more attention along with other metaverse-related projects. Meta’s grand plan for virtual reality has dramatically increased demand for metaverse plots of land. A virtual piece of land in Decentraland sold for a dazzling $2.4 million in late November.
Rapper Snoop Dogg announced a partnership with another leading metaverse platform, The Sandbox, and someone spent $450,000 to become Snoop Dogg’s neighbor in the virtual world.
Following Facebook’s lead, other big companies like Adidas, Walmart, and YouTube are also exploring the emerging metaverse as the latest trend in technology. Roblox CEO David Baszucki estimates that the metaverse market could reach $200 billion.
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