Memecoin and Dogecoin (DOGE) rival Shiba Inu (SHIB) is selling virtual land in their recently announced metaverse.
In a new announcement, Shiba Inu introduces Shiba Lands, virtual real estate in the Shiba Inu Metaverse.
New Blog: A METAVERSE Story that begins… with an update!
🏡 Introducing Lands, a queue system, and more!
🦮 $LEASH holders will be the first to gain access to Shiba Inu Metaverse Lands.Read more… https://t.co/S758ClAbRC
— Shib (@Shibtoken) February 8, 2022
“We are happy to announce and proudly introduce Shiba Lands! 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!”
Holders of the Shiba Inu ecosystem token Doge Killer (LEASH) will have priority access to the virtual lands, which is being modeled off of other metaverses such as Decentraland (MANA) and The Sandbox (SAND).
“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.
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.”
In response to the news, LEASH jumped 60% in price from $1,178 to $1,893. Doge Killer has since evened out to $1,782, up 123.7% over the last week.
The announcement also says the official name of the Shiba Inu Metaverse will be dropping soon.
“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.
(Note, we are have not released the name of the Metaverse as of yet for a reason, but expect it to drop this month!)”
SHIB has been largely unaffected by the announcement in terms of price action. Shiba Inu is currently trading for $0.000032, down 3.6% in the last 24 hours but up 55% over the last seven days.
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Featured Image: Shutterstock/marrishuanna/Shivak Ghale