The Shiba Inu [SHIB] ecosystem wasn’t just about memes. Despite being born out of a meme, SHIB intended to expand its use cases. With the onset of the metaverse, an array of platforms across the globe have been diving into it. The SHIB network decided to roll out its very own metaverse for the Army. Shibaverse made its debut earlier this month and the public sale event took off in full spree recently.
The plots in the Shiba Inu metaverse could initially be acquired only through locking and bidding. Now, as part of the public sale, everyone could make purchases without having to lock. However, the requirement of a MetaMask wallet was mandated.
During the release of the metaverse, the Shiba Inu network endured immense backlash. This was due to the network’s decision to allow land purchases with LEASH. The Shib Army was perplexed onto why there was minimal use of SHIB in its metaverse. A slew of criticism later, the network affirmed that users would soon be able to pay with SHIB as well.
The Shiba Inu land sale is undoubtedly a big hit. In just one week the network managed to amass nearly $20 million in land sales. The public sale is further expected to bring more capital into the network.
Shiba Inu continues to emerge as an ETH whale favorite
Ethereum [ETH] whales seem to have immense expectations for Shiba Inu. The altcoin has been a top choice of these whales for several months now. WhaleStats even revealed that Shib was the most held token by the top 100 ETH whales.
Additionally, with an array of developments at bay, Shiba Inu was still enduring a dainty slump. The altcoin was trading for $0.00002429 with a 0.26 percent drop over the last 24-hours. Throughout the week, the meme coin dipped by nearly 6 percent.