Almost two months after their initial announcement of an upcoming Metaverse, later titled "Shiberse," Shiba Inu has finally unveiled it.
As per the introduction made yesterday, Shiba Inu's Metaverse will be called SHIB: The Metaverse, and will be unlike any other Metaverse in space.
Shiba Inu carries his Metaverse
FXEmpire reported back in February the previous version of the meme coin network Metaverse, where the Shiba Inu SHIB and LEASH ecosystem tokens were set to play an important role.
With yesterday's announcement, Shiba Inu confirmed that this will be the case. However, Ethereum's ETH will now play a significantly larger role, born of not-so-noble intentions.
Be aware that SHIB: The Metaverse will consist of approximately 100.595 plots of land. However, only 36.431 parcels of land will be unlocked and classified into four districts - Growth, Defense, Technology and Currencies.
The reason the remaining 64.164 lands will not be available has been justified as:
“They (locked lands) represent key locations for travel within the Metaverse and remain private for use as common grounds. These will represent streets (corridors): Avenues, Boulevards, and Hubs, while the public ones will be available for purchase ”.
Adding to this, Shiba Inu also stated that the available public lands will be further divided into four tiers which will determine their monetary value. Levels 1 to 4 are classified as Diamond Teeth, Platinum Paw, Gold Tail, and Silver Fur.
But this is where ETH will come into play. Plots classified under the above categories will be valued at 1 ETH, 0,5 ETH, 0,3 ETH and 0,2 ETH in the order of the tier.
Also, none of the textures can be purchased in SHIB (quotation in real time), and the reason Shiba Inu gave for this is pretty vile:
"Using our Ecosystem Tokens is a risk, as we would need to download our tokens to cash them!"
So instead of SHIB, ETH raised from the sale of plots will be sold in stablecoins to pay for all sources.
Shiba Inu really needs it
From the SHIB team's point of view, this strategy makes sense and is needed right now, as SHIB is already in a tough spot despite the broader market rally.
Over the past few days, the meme coin has only risen 28,56%, which is different from SHIB in its reputation when it comes to rallies.
Furthermore, according to the MACD indicator, even with a green candle, the network is facing some downside which could become worrying if it persists for too long.
