Someone Forgot to Put a Leash on Shiba Inu, Now Its Digging Into the Metaverse

Shiba Inu emerged into the cryptocurrency market for several years but took token holders to the moon.

The decentralized meme coin even launched multiple projects like aiding India’s Covid-19 endeavors.

Screenshot Image of Shiba Token Website https://shibatoken.com/

Previously, Shiba Inu had fallen below 75% from its all-time high price.

On Tuesday, SHIB shot up 12%, making the token reach 52% in total weekly gain, with a $17.9 billion market valuation.

There’s locomotion before the price hike.

An announcement from the developers of Shiba Inu about virtual plots of land in a new metaverse caused the surge.

Though Shiba Inu’s metaverse name is not yet officially announced, its creators are still looking for designs and ideas for their own digital space; SHIB developers dropped some information on their virtual plots labeled Shiba Lands.

In launching the Shiba Inu metaverse, the company plans to implement a “queue system” to support the sales and auctions of their digital lands by restricting bots and gas wars.

Sources

• Memecoin Shiba Inu is entering the metaverse – here’s why the value is soaring (the-sun.com)
• Shiba Inu surges 50% as Bitcoin, and Ethereum recover | Fortune