SHIB in “The Metaverse” Officially Launches as Shiba Inu Delivers New Utility for SHIB

AnalysisSHIB in "The Metaverse" Officially Launches as Shiba Inu...


In recent updates shared by the official SHIB Twitter handle, the SHIB: The Metaverse land bid event has now launched.

A Twitter user dedicated to the Shiba Inu community, @shibainuart, has also shared details of a new utility for SHIB in SHIB: The Metaverse as the bid event starts. SHIB will be used to add pictures, and logos, to the land plots. The feature will also burn SHIB each time pictures are changed.

SHIB can be used to name or rename land plots, while also burning SHIB every time it is done, thus promoting a SHIB identity to the environment. SHIB will also be used to lease HUBS. HUBS are the highest valued lands (blocked/reserved spaces) in the entire space.

SHIB burns and renaming will also be available during the public sale stage, after both the bid and holder event stages have ended. The Shiba Inu team states it will notify the community when the feature is available.

During the introductory phase for SHIB: The Metaverse, 36,431 plots of land will become unlocked while revealing portions of four different districts: Growth District, Defense District, Technology District and Currencies District. In total, SHIB: The Metaverse will consist of 100,595 plots of land.

Shiba Inu rose more than 20% following the Robinhood listing news and is trading at $0.0000274 at press time. According to WhaleStats, the 12th largest Ethereum whale on the Ethereum network has purchased 775 billion tokens, which is one of the largest Shiba Inu purchases in the last few days.

Previously, the biggest whale on the Ethereum network, who holds a record-breaking amount of Shiba Inu tokens, purchased a moderate amount of tokens worth $6 million. In addition to a whale named “Light,” other large investors were actively purchasing the token before the listing.

As covered by U.Today, Ubersmith, a New York-based subscription management software company, now accepts Shiba Inu via BitPay support.

BitPay officially began supporting the Shiba Inu coin in late 2021, which allowed spending SHIB at hundreds of BitPay merchants where Shiba Inu is accepted. SlingTV, American Cancer Society, Newegg, Menufy, Carolina Hurricanes and Twitch are among the major companies accepting SHIB via BitPay at the moment.



Learn more

Latest news

Tiger Global on a Mission to Raise $6B Tech-Related Fund

Tiger Global Management is on a mission to raise a humongous sum of $6 billion for a new...

BSC Validators Look to Push Update to Bring BNB Chain Back Online

A tweet from the official BNB chain Twitter account indicates that the chain is expected to be back...

Here’s How Binance Bridge Attacker Pulled Off $566 Million Hack

Alex Dovbnya A reputable white-hat hacker has explained how the Binance Bridge attacker managed to pull off the massive...

Cardano Discloses Encouraging On-Chain Stats for September, Here’s Detailed Insight

Gamza Khanzadaev Cardano reveals on-chain insights of September, stats are encouraging As the first month of fall comes to a...

After Cardano (ADA), DCG Subsidiary Luno Adds Support for Solana (SOL)

Alex Dovbnya Cryptocurrency exchange Luno has listed Solana (SOL) cryptocurrency shortly after adding Cardano (ADA) Cryptocurrency exchange Luno has added...

Zcash May Be Getting Spammed, but the Blockchain is Doing Just Fine, the Company Behind it Says

The Electronic Coin Company, the organization behind Zcash, claims that concerns of a spam attack are mostly just...

Must read

Tiger Global on a Mission to Raise $6B Tech-Related Fund

Tiger Global Management is on a mission to...

BSC Validators Look to Push Update to Bring BNB Chain Back Online

A tweet from the official BNB chain Twitter...

Here’s How Binance Bridge Attacker Pulled Off $566 Million Hack

Alex Dovbnya A reputable white-hat hacker has explained how...

You might also likeRELATED
Recommended to you