- Shiba Uni has announced that its metaverse will have 100,595 digital plots of land.
- The popular meme coin ecosystem said it has adopted ether (ETH) as the land pricing token.
- SHIB: The Metaverse plans to unlock 36,431 plots in the first phase, priced between 0.2 ETH and 1 ETH.
Popular meme coin ecosystem Shiba Inu has announced that its long-awaited metaverse, which it recently rebranded to SHIB: The Metaverse from Shiberse, will be composed of 100,595 digital plots of land.
The team also said that it has adopted Ether (ETH) as its land pricing token instead of using one of its ecosystem tokens. According to the announcement, Shiba Inu will keep some of the digital plots private.
The firm said the plots will be made available in phases with 36.431 plots unblocked for the inaugural sale and will be divided into four categories namely: Silver Fur, Gold Tail, Platinum Paw, and Diamond Teeth. Pricing will range between 0.2 ETH and 1 ETH, depending on the classification of the plot.
Explaining its decision to adopt a neutral cru[ptocurrency for pricing, Shiba Inu said it was partly to ensure there is no downside risk to its ecosystem tokens ($SHIB, $LEASH and $BONE).
“Using our Ecosystem Tokens is a risk, as we would need to dump our own tokens price cashing them! And that’s far away from our plans,” the team wrote in a blog on the ShibaSwap platform.
SHIB: The Metaverse will allow virtual real estate owners to earn passive income and accumulate in-game assets. The firm also said it will soon introduce a reward system, further boosting the earning potential for its metaverse users.
Moreover, digital landowners will be able to burn the SHIB token and rename their plots.
Despite adopting ETH for land pricing, the team said its native $SHIB token will have an important role to play in the metaverse. “By welcoming a mechanic to burn $SHIB independently while renaming your land plot, furthermore, this should start soon after land events and public sale have ended.”
Although there are currently no defined roles for $LEASH and $BONE in the initial phase of unlocking the digital land plots, Shiba Inu said $LEASH could be used to purchase land in latter phases.
Shina Inu has developed the Shibarium Layer 2 blockchain ecosystem, which will underlie its dog-themed metaverse. The company recently launched a new Website SHIB.io, which will become the new home for all its products.
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