The Shiba Inu community had been eagerly waiting for 30 March. The official Twitter handle had asked the ShibArmy to “stay tuned” for a big announcement. Quite recently, we had outlined the three potential proclamations that the team could have had planned for D-Day.
Firstly, we had predicted that the announcement could deal with the release of a map of their metaverse. In fact, we had also contended that investors could get to see the inside landscapes of Shiba Inu’s virtual world.
Next, we had spoken about how the announcement could deal with the ecosystem’s Layer-2, Shibarium. Going on, we also highlighted how the tweet could be a hint that Uber might accept Shiba Inu as a form of payment.
The D-Day for Shiba Inu is finally here
In a public blog post made a few hours back, The Shiba Inu team announced the launch of SHIB: The Metaverse. The virtual space is set to have over 100,595 plots of land and 4 different districts.
Well, looks like our first guess hit the nail on the head!
As such, the metaverse is set to be the culmination of Shiba Inu’s history as a community, virtually displayed in a layer of “beautiful visuals” that showcase their innovation and unity with a place to truly call home. The virtual space is positioned to become a massive environment for the ShibArmy to grow, share, and benefit “together.”
Outlining the role of the ecosystem’s native tokens and the community members, the official blog post noted,
“The Shiba Ecosystem will be used entirely by the SHIB: The Metaverse project, meaning all tokens $SHIB, $LEASH, $BONE will play a role as phases roll out. The community will have a great deal of interaction, future choices, and creative ways to immerse themselves in this environment.”
Partner-Shibs, official website, and other specifications
The team also chalked out how the development of this project would gravitate toward great partnershibs, and foundational resources for the community to explore, benefit, and interact with. The mission to deliver an exceptional product that incorporates these factors is crucial, the blog noted, as they have gathered feedback from multiple groups, community orientation on Discord.
With respect to the official website, the blog highlighted,
“We are proud to announce, that our Metaverse, and future expansion of all of our current projects, will take place at our new and incredible domain: SHIB.io
They added,
“SHIB.io is set to become the main source for all things SHIB and our official website… This new portal will be up and running in the next coming days, and in order for users to begin the process of locking their assets. Once this process is completed, the event should begin shortly after. This is officially your last call previous to the first phase and events engaging with the community.“
La La Land
SHIB: The Metaverse will consist of 100,595 plots of land. Each plot will be an exciting opportunity to become part of the “immersive” Shiba-inspired environment.
Some lands will remain locked, for they represent key locations for travel within the metaverse and will stay private to be used as common grounds. They will represent roads (corridors): Avenues, Boulevards, and Hubs, while public ones will be available for purchase.
In regard to their phased release, the blog post brought to light,
“While development continues, the progression and guaranteed process to secure plots will begin by releasing a sequence of lands in phases.“
Furthermore,
“During our introductory phase for SHIB: The Metaverse, 36,431 plots of land will become unlocked, while welcoming and revealing a part of 4 different Districts: Growth District, 🔵Defense District, Technology District, and the Currencies District.”
The determination of land value would be based on its location and the beauty of the location is that it provides a great array of opportunities to build amongst some key strategic areas that are lucrative. For the same, the team has categorized things in the following tiers:
The floor price for each tier would revolve around:
Why the Ethereum twist to the land tale?
Since the collected funds would be used 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 for all the sources.
“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.“
User benefits
Per the team, purchasing land on this platform is not just an isolated investment, but “a way to be a part of the short, mid and long term of the project”.
“The benefits are centered for the community to thrive and share a truly exceptional environment while being delivered a rewarding experience... For this, we are happy to confirm, that users who own land in SHIB: The Metaverse will be able to generate passive income, gather in-game resources, and generate rewards.“
The ideology behind the ‘SHIB: The Metaverse’ name
Honoring the Metaverse with the name “SHIB: The Metaverse” would not only cultivate a strong message that settles the identity of the project but would also be able to focus on the core of their community values.
“... we will be introducing the first special role that Shiba Inu $SHIB will 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.”
The blog post also went on to elaborate on the sale details. The same can be found here.
On the price front, Shiba Inu was already up by 4% in the day’s trade and was seen exchanging hands at $0.00002792 at the time of press.