news Shiba Inu Finally Launches Early Access to Its Metaverse

[Cpvr]

The Shiba Inu ecosystem team launches early access to its highly anticipated immersive platform, SHIB: The Metaverse.

The official X handle of SHIB: The Metaverse announced the development in an X post yesterday, noting that the wait for the project’s Is over.

https://twitter.com/x/status/1871683619477201344

SHIB: The Metaverse Features​

The team behind the Shiba Inu ecosystem also published a blog post, providing a guide to the platform. According to the post, the launch of the metaverse project marks a pivotal moment in digital evolution as it invites users to engage in the dynamic virtual world built on the Shibarium blockchain.

The immersive platform offers customizable avatars, digital land ownership, and interactive experiences. While the digital land becomes a tangible canvas for creativity, the customizable avatars provide users with new forms of self-representation.

Additionally, the interactive experience helps to bridge the gap between the digital and physical realms. SHIB: The Metaverse is focused on redefining how people interact and build communities in the virtual space.

Shiba Inu Draws Inspiration from Apple and Netflix​

Interestingly, the development team drew inspiration from industry pioneers like Apple and Netflix to embrace innovations and redefine digital engagement.

“Today, Shiba Inu, the community-driven force behind the globally recognized SHIB token, leads the charge on this transformative journey, mirroring the audacious spirit of those who came before,”the team remarked.

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It claimed that the project is not just another virtual world but one that focuses on showcasing the power of decentralized communities and exploring digital ownership.

The launch of SHIB: The Metaverse’s early access further positions Shiba Inu as a utility project, transforming the token beyond its memecoin origin.

Progress Toward Launching SHIB: The Metaverse​

Recall that the early access to SHIB: The Metaverse was initially slated for December 2023. At the time, the team noted that it would partially open a few hubs to the public. However, the project was delayed due to unforeseen circumstances, prompting the team to reschedule the launch for 2024/2025.

The team has made significant progress toward the project’s launch. This includes appointing entertainment veteran Marcie Jastrow as the metaverse advisor and introducing over 10 hubs for the project.

For context, SHIB: The Metaverse features 100,595 plots of land spanning four different tiers. The team sold each plot between 0.2 ETH and 1 ETH, allowing users to mint the land as NFTs. Owning a plot of land allows users to generate passive income and rewards.

Despite launching early access to SHIB: The Metaverse, the team has yet to unveil a timeline for the complete launch.

Source: https://thecryptobasic.com/2024/12/25/shiba-inu-finally-launches-early-access-to-its-metaverse/

 

[Harsh World]

I have a sizeable $SHIB holding, and never thought that it would be anything other than a meme coin.

The team sold each plot between 0.2 ETH and 1 ETH, allowing users to mint the land as NFTs.

I wish they sold plots for SHIB so that it would take it out of circulation and make it break higher with the USD pair due to less supply.

What is the point of $SHIB if they aren't going to make use of it?

 

[Ashake]

This is an exciting news. I've been following the development of the SHIB Metaverse for some time now and I’m glad it’s finally live. I mighy also get into the active space and see what kind of features were developed by the Shiba Inu team.

 

[Harsh World]

I've been following the development of the SHIB Metaverse

Do you know why they chose to sell land, etc., in ETH as opposed to SHIB?

I suppose one could make the argument that they would convert SHIB to ETH to make the purchase, still taking it out of circulation. However, my ETH and SHIB holdings have not had any positive impact from this news.

 

[Cpvr]

I have a sizeable $SHIB holding, and never thought that it would be anything other than a meme coin.



I wish they sold plots for SHIB so that it would take it out of circulation and make it break higher with the USD pair due to less supply.

What is the point of $SHIB if they aren't going to make use of it?

Exactly. There are trillions of $SHIB in circulation, and a lot more need to be burned for its value to skyrocket, smh.



Hopefully, they’re planning to implement some features in the metaverse to take more coins out of circulation.

Apparently it’ll be possible to purchase land with shiba coins though:

https://twitter.com/x/status/1871694207653683370

2. Purchase Land: Use Shiba Inu tokens or supported cryptocurrencies to acquire virtual plots through auctions or direct sales.
3. Start Building: Use integrated tools to design and develop your land, or team up with other users for ambitious projects.
4. Explore Endless Possibilities: Engage in games, attend virtual events, and interact with user-generated worlds.

 

[Ashake]

Do you know why they chose to sell land, etc., in ETH as opposed to SHIB?

I suppose one could make the argument that they would convert SHIB to ETH to make the purchase, still taking it out of circulation. However, my ETH and SHIB holdings have not had any positive impact from this news.

I think that the SHIB Metaverse are selling virtual land but rather than paying with their own SHIB they used another type of crypto like ETH instead. It may look silly, but I think the concept is making more people to join. They want to guarantee that many fans enjoy it at the same time.

 

[Harsh World]

Exactly. There are trillions of $SHIB in circulation, and a lot more need to be burned for its value to skyrocket, smh.

They should have only accepted $SHIB as this would've shifted value from other coins into $SHIB, before they're used, making it skyrocket in the short-term.

Allowing for ETH opens it up to a wider audience, so I kind of get the appeal of the offering that way. However, they had their own token, so they should have used it to help loyalists.

It should've been buy with $SHIB, give the creators a cut, and burn.

 

[Yama]

I was very interested in Shiba since early on and invested a lot of money but later I needed money and I though it was better to sell meme tokens instead of Bitcoin and Ethereum, now I don't have any Shiba tokens.

 

[Harsh World]

I was very interested in Shiba since early on and invested a lot of money but later I needed money and I though it was better to sell meme tokens instead of Bitcoin and Ethereum, now I don't have any Shiba tokens.

Probably for the best.

Might have a greater ROI on $SHIB, but it's a gamble. A gamble that I took, splitting half of what I was comfortable with between $DOGE and $SHIB 50-50. That pair seems to follow the same trend, so if for whatever reason $DOGE (with the new U.S. Department of Government Efficiency) pops, so will $SHIB, and that'll be my exit.

 

[Ja sa bong]

I still believe that SHIB is a rugpull. I haven't seen anything which is going to make me think otherwise. I'm simply holding onto the investment I put in the coin. If it works out well then it's good, if it's not, I have already considered it a bad investment.

 

[Yama]

I still believe that SHIB is a rugpull. I haven't seen anything which is going to make me think otherwise. I'm simply holding onto the investment I put in the coin. If it works out well then it's good, if it's not, I have already considered it a bad investment.

I don't see it as a Rug pull. Because it has been with us for a long time. It reached all time high in 2021 (I believe) and if it was a rug pull, it would have done it then. I think the developer has already invested a lot into the project.