The SHIBA community is ecstatic as new details about SHIB Inu’s Metaverse emerge – the SHIBverse virtual world project will consist of 100,000 plots of land.
According to the announcement, a total of 36,431 plots are going to be available to buy in the “introductory phase” of SHIB: The Metaverse — spread across four different districts.
Plots on the SHIB metaverse were split into four tiers — with the cheapest, Silver Fur, costing 0.2 ETH; premium Diamond Teeth lands will have investors swooping each for around 1 ETH.
However, this revelation also sparked the big inevitable question: Why is a Shiba Inu metaverse using ETH to facilitate purchases rather than SHIB? The project team explained in a statement:
“As we will use the collected funds to pay for the metaverse development, the team has decided to use a neutral coin that can be sold into stablecoins in order to pay all the sources. Using our ecosystem tokens is a risk, as we would need to dump our own tokens price cashing them.”
Following the announcement, it is believed that users who own virtual plots of land will be able to generate passive income in the near future — and have their own personal space where they can “build and manage their own projects.”
Also, Collectors who own Shiboshi NFTs will qualify to get exclusive access to virtual land — a snapshot was taken in February, selecting 2,000 addresses at random. The selected collectors will be able to make bids and purchases of the SHIB lands during an early bird event.