Place/Date: - July 20th, 2022 at 3:02 pm UTC · 3 min read
Everyone can now purchase virtual land using the Shiba Inu coin on the SHIB metaverse. The SHIB is the metaverse of the Shiba Inu meme coin, it is an environment where the holders of this meme token can grow, share and benefit together. Shiba Inu entered the metaverse with over 100,000 plots of virtual lands. Some of the lands are open to everyone in the metaverse, and according to the developers, they will accept other tokens with time apart from the Shiba Inu coins.
The Dogecoin killer Shiba Inu, at press time, is trading at a price of $0.00001053 at a 24-hour trading volume and up by 3% on a top 10 global cryptocurrency exchange platform Gate.io cryptocurrency exchange. This is a reliable cryptocurrency exchange to buy, sell or trade the meme coin Shiba Inu. Shiba Inu coin utility keeps increasing and this is good for investors. As the use case of a token increases, this can have a positive effect on the price of that token.
Recall in April that Shiba Inu launched their metaverse which is known as SHIB with over 100,000 plots of land that would be purchased using Ethereum coins (ETH) according to the official announcement. Also, the land is to be rolled out in different stages and more than 36,000 virtual lands will be unlocked that will be divided into four tiers with minimum bid price points. These tiers include Silver Fur (Tier 4), Gold Tail (Tier 3), Platinum Paw (Tier 2), and Diamond Teeth (Tier 1). So more than 36,000 virtual lands were purchased in April using the Ethereum coin. Tier 1 was sold for 1 ETH for each plot, Tier 2 was sold for 0.5 ETH for each plot, Tier 3 was sold for 0.3 ETH for each plot and Tier 4 was sold for 0.2 ETH for each plot.
On Wednesday, the Shiba Inu team revealed via their Twitter channel that virtual lands in the Shiba Inu Metaverse (SHIB) can now be purchased using the meme coin. So you can mint the different tiers of virtual lands available in the SHIB using the Shiba Inu equivalent of Ethereum. You can mint 0.2 ETH equivalents in $SHIB, 0.3 ETH equivalents in $SHIB, 0.5 ETH equivalents in $SHIB and 1 ETH equivalents in $SHIB.
Acquiring property in SHIB’s virtual world ensures owners have a say and sway in the near- and long-term project expansion. Beyond some type of project voting or governance, landowners will be able to generate passive income, gather in-game resources, and generate rewards. This upgrade in the use of the Shiba Inu token for the purchase of the virtual land in the metaverse is a good use case for the Shiba Inu token as the team keeps putting in their best to contribute. In this era of the metaverse, if you are thinking of buying virtual land, then buy Shiba Inu coin on Gate.io so you can be a landowner on the SHIB and enjoy the benefits that come with owning virtual land on the Shiba Inu metaverse.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.