The developers of the popular meme coin Shiba Inu made an announcement. They will launch the protocol to offer plots of virtual land. This will begin soon in the metaverse to increase the value of ecosystem tokens such as LEASH and SHIB to stream by nearly 50%.
What Can We Expect From Shiba Lands?
Property development in the metaverse is labeled as the “Shiberse” will serve as the Shiba Inu ecosystem’s arm in the virtual empire. Major components of Shibverse will be the Shiba Lands and its unique auction system. Well, in synchronicity with the news, the price of Doge Killer (LEASH) raise by over 40%. In addition, the Shiba Inu team alludes to the additional “collaborations.”
Retail investors have already congregated to SHIB because of the coin’s uneven solid growth throughout the past year. The inline method for its land release is intended to avoid the excessive gas cost. It was observed during the Shiboshi NFT launch last year.
SHIB Regains Top Position On Whale Addresses
Till now, Shiba Inu has digitalized top place on whale addresses. More than $1.7 billion in tokens with the collaboration of investors on the Ethereum network. Shiba Inu’s popularity raised after the re-arrival of the cryptocurrency market. Shiba Inu’s worth twice from the local low on February 5. For now, SHIB has been lower than usual by 8% in the last 24 hours after a peak of 40% on Monday and Tuesday. The token was dealt at $0.000033.