SHIB: The Metaverse, the new Shiba Inu metaverse, has announced that it has activated the Locking System. This will allow users to participate in the early sale of land by locking LEASH and SHIBOSHIS tokens.
SHIB: The Metaverse: the introductory phase
The Shiba Inu memecoin has now dived into the world of the metaverse, introducing SHIB: The Metaverse last week. Here’s the announcement on the new official dedicated channel:
“We are happy to welcome you to SHIB : The Metaverse. An immersive experience that is positioned to become a massive environment for the #ShibArmy to grow, share, and benefit together”.
Essentially, SHIB: The Metaverse will consist of 100,595 plots of land. Each plot becomes an opportunity to become part of the Shiba-inspired immersive environment.
The plan is that some of these plots will remain locked as they represent key locations for movement within the metaverse and will remain private for use as common land.
The Shiba Inu metaverse (SHIB)
These will represent streets such as Avenues, Boulevards, and Hubs, while public ones will be available for purchase.
Not only that, for the release of land, the project envisages a multi-phase execution, of which we are now in its introductory phase. There will be 36,431 lands that will be unlocked while the 4 districts in SHIB: The Metaverse will also be revealed during this phase.
The Locking System of the metaverse
The lands have been classified into 4 categories and for each one there are their land numbers and price in ETH. Here they are
- 0.2 $ETH per (Tier 4) Silver Fur – 17,030 Lands
- 0.3 $ETH for (Tier 3) Gold Tail – 7,356 Lands
- 0.5 $ETH for (Tier 2) Platinum Paw – 5,714 Lands
- 1 $ETH for (Tier 1) Diamond Teeth – 2,024 lands
All users who own land in SHIB: The Metaverse will be able to generate passive income, collect in-game resources, and generate rewards.
Over the weekend, the Locking System was also activated for users who would like to have early access to SHIB: The Metaverse land sales.
“Welcome to 🗺 https://shib.io! The Locking System is now available, you can now begin locking your $LEASH & #SHIBOSHIS, in preparation for SHIB – The Metaverse and its early access land sales. The interactive map will become available in the upcoming days. Woof!”
Basically, by logging into the SHIB metaverse’s official website, users can connect their MetaMask wallet and lock up to 5 LEASH or their project NFTs (the SHIBOSHIS) for up to 90 days. Depending on the combination of LEASH or SHIBOSHIS and locking days, the user can then access the respective number of auctions dedicated to the sale of land.
The price of Shiba Inu (SHIB): the Dogecoin Killer
Over the past week, at the time of the announcement of SHIB: The Metaverse, the price of SHIB has been volatile with pumps and dumps from its price level of today, the same as last week, i.e. $0.000026.
Perhaps, the news that land could be purchased in ETH or LEASH and SHIBOSHI was not supposed to actually change anything in the price of SHIB.
Instead, its arch-enemy crypto, Dogecoin (DOGE), has mostly plummeted in price over the past week, recovering in recent days. DOGE is now worth $0.14, still a long way from the almost 20 cents it touched in mid-January 2022.