Shiba Inu (SHIB) has finally unveiled its long-awaited metaverse project. According to the team, the Shiba community will grow as a result of the metaverse experience and will have new investment options through SHIB, LEASH and BONE tokens. Metaverse will consist of 100,595 parcels of land, some of which remain private, and will release this week.
Shiba Inu puts more than 100,000 plots of land up for sale
Many crypto and technology businesses have taken steps to enter the Metaverse contest in 2022. Shiba Inu also expressed interest in this competition in this proposal. The meme coin will be in direct competition with Decentraland, Sandbox and other metaverse platforms. The Shiba Inu team has named the new platform “Shib: The Metaverse” and all cryptocurrencies, including SHIB, LEASH, and BONE, will play an important role as the phases progress. As the project progresses, the team says the SHIB community will have many opportunities for engagement, future options, and unique ways to engage.
SHIB states that the metaverse will contain 100,595 plots and only 36,431 plots in the first stage. announced that it will be unlocked. According to the press release, the sandbox will be divided into four zones:
- Growth Zone,
- Defense Zone
- Tech Zone
- Currency Zone
Meanwhile, the team has reserved 15 acres for those involved in the project’s current and future growth.
ETH will be used instead of SHIB for land pricing
Surprisingly, Shiba Inu chose Ethereum (ETH) to unlock many levels of the metaverse. The price is set between 0.2 and 1 Ethereum (ETH). The team stated that they chose neutral crypto to be able to sell to fund the development of the project. He said that using a Shiba Inu (SHIB) carries a risk and is not part of their strategy. Additionally, the Shiba Inu has left the ShibArmy with a new project in the works. The team has announced that they are nearing completion on bringing in an AAA Game Developer Studio. An announcement will be made this week.
New website SHIB.io launching
The broadcast also said that a new website will be launched with official Shiba Inu information whose URL will be SHIB.io. It is stated that the site, where all initiatives will take place, will be put into service in the coming days. It has been reported that with the site opening, users can start locking their assets here, once the locking process is complete the project will start and users will receive the following message:
This is the last call before the first phase of the project starts. After the end of the curfew, events will be organized to engage the community.
In the long statement, it was emphasized that purchasing land in “SHIB: The Metaverse” is not only an investment in a closed platform, but also brings many short, medium and long-term benefits. It has been announced that people who buy land will have the chance to earn rewards and collect in-game resources, as well as passive income opportunity. There will be various functions on the platform that use SHIB tokens. According to the statement, one of these elements is the name of the purchased lands. In other words, after paying SHIB or using the incineration method, customers will be allowed to name the land they have acquired. When new platform usage areas are announced in the future, tokens such as LEASH and BONE will be used. LEASH investors were even told they would be allowed to purchase properties in the future.
Lands and map
As for land prices and map, not all plots will be priced equally. Some plots and areas may be more valuable than others based on where they are located. According to the official website, the properties and prices of the lands are given in the table below.
The metaverse, which will consist of 100,595 plots in general terms, will remain locked as they represent key places for travel and remain private to be used as common ground. These will represent roads (corridors): Streets, Boulevards and Centers, while those open to the public will be available for purchase. As development continues, the progress and guaranteed process to secure the plots will begin by gradually releasing a number of plots of land.
Other deals
According to the Shiba Inu team, users who own land in the metaverse will be able to earn passive income, collect in-game resources and earn rewards. It will be in various functions using SHIB on the platform.
- SHIB, after paying or using the incineration method, customers will be allowed to name the land they have acquired
- Tokens such as LEASH and BONE will be used when new platform use cases are announced in the future.
How to get plot from Shiba Inu metaverse? Special benefits for Shiboshi holders
According to official announcement, Shiba has to lock Doge Killer (LEASH) or Shiboshi NFTs to purchase plots and participate in the three-day bidding event. NFT holders will also be able to participate in the seven-day phase of the sales event. After the two initial phases have been completed, the remaining plots will be available for general sale.
By the way, owners of the NFT named Shiboshi, which Shiba Inu put up for sale in October, will be able to participate in the project as an advantageous audience. As quoted by Kriptokoin.com, Shiboshi NFT owners will divide 2,000 acres of land allocated to them. NFTs will have the opportunity to pre-sell certain plots before they go on general sale. LEASH token holders will have a comparable opportunity. Holders of this token will be allowed to participate in certain land pre-sale events thanks to the LEASH key functionality.
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