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Shiba Inu Enters Metaverse – LEASH token up 58%

LEASH token spiked 58% after Shiba Inu devs said it would play a crucial role in their upcoming metaverse project.

Following metaverse projects like Sandbox and Decentraland, Shiba Inu decided to join in. As a result, the team behind the second-largest meme coin announced their metaverse project.

Like everything Shib does, we will lead this Metaverse sector. At this time, our early phase of development continues for the Shiba Inu Metaverse – Codename: Shiberse

The second-largest dog-themed meme coin developers released a video of a Shiba Inu dog holding a hammer to mark the occasion.

 

The Metaverse is set to be one of the biggest areas within crypto for many to enjoy…using it as another great resource to offer crypto communities incentivization, content, and regular royalties

They also noted that they have not yet decided on a name for the Shiba, what they will call the Shiba Inu metaverse.

Shiba Inu Lands

The first step in developing the metaverse will be the land sale. Devs said they devised several mechanisms to ensure that the sale would be successful.

These “lands” found inside our Metaverse will be available for purchase/auction really soon, and it will be our first step towards allowing the community to jump into the Metaverse prior to its full release!

Shiba Inu devs said that users could use Doge Killer (LEASH) tokens to buy land in the Shiba Inu metaverse. They also said they would be working on a queue system to determine priority in land sales.

This queue allows exclusivity by requiring interested parties to hold “$LEASH”, which gives priority and exclusive access to this first selling phase of the land plots in our Metaverse

Namely, the more LEASH a user has, the greater the priority when buying land. Developers say that is to prevent opportunistic bots from reselling real estate and crash prices.

In addition to the queue, we also have worked on an anti-dump system in order to protect $LEASH holders. The remaining lands will then unlock, and become available for the public after this exclusive selling process finalizes.

Metaverse Explosion

A Metaverse is a proposed collection of decentralized virtual spaces where people can use VR tech to interact, just like in real life. The idea became popular after Facebook announced its plans to join the space, changing its name to Meta.

Major tech companies like NVIDIA and Microsoft soon jumped into the space.

Soon after, metaverse projects using blockchain tech exploded. These include Decentraland and Sandbox. As a result, their native tokens, which serve as an in-game currency, skyrocketed, as did the price of in-game land.

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Decentralan’s MANA token reached a market cap of $6 billion. On the other hand, the SAND token has a market cap of $4.8 billion.

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