Shiba Inu creators announced the introduction of the Dogecoin-killer into the metaverse, ‘Shiberse’ to compete with other metaverse tokens such as Axie Infinity, Sandbox, and Decentraland.
Analysts expected a jump in Shiba Inu price due to growing demand for the meme coin.
Shiba Inu Introduces Shiberse to Compete With MANA, SAND & AXS
Shiba Inu creators revealed that users can buy virtual real estate in the metaverse. The Shiba Inu team has expanded the meme coin’s metaverse, ‘Shiberse’ and made properties available in the meme coin’s universe.
After the introduction of Shiberse, the official SHIB Twitter handle just provided its first-ever Shiberse update in the form of the Shiba Lands.
Users will own real estate in the Shiba Inu ecosystem through a queuing system for bidding on homes in the new development. According to the release, LEASH holders will be granted priority in acquiring digital real estate.
When the land will be available for bidding, users will bid on it. The release date is yet to be announced by the team. The key tokens for users to get an edge in the Shiba Inu ecosystem are LEASH and BONE.
Analysts Believe That the Memecoin Will Continue to Rise
Institutional and individual investors have continuously put money into metaverse ventures like Decentraland. With the introduction of Shiba Inu’s metaverse, Shiberse might increase demand for assets in the Shiba ecosystem.
Analysts have evaluated the Shiba Inu price trend and predicted that the meme coin will continue to rise.
Retail investors have already rushed to SHIB due to the coin’s one-time solid gains over the yesteryear. The queuing procedure for its land release is intentional to avoid the excessive gas expenses of the Shiboshi NFT launch in 2021.
According to the team’s blog, the queuing system ‘will make the process something fair and smooth for our community worldwide.’
Notably, the price of Doge Killer (LEASH) increased by over 40% in parallel with the news. Also, the Shiba Inu team hinted at additional collaborations in a recent blog post.
