Shiba Inu Coin has plans to launch its own metaverse project known as SHIB: The Metaverse.
While initial speculation linked the metaverse to the Shiba Inu Games, we now know SHIB: The Metaverse is its own project entirely. It will feature virtual real estate - Shiba Inu Lands - which will provide users with a passive income, too.
Here's what we know so far.
What is SHIB: The Metaverse?
SHIB: The Metaverse is the Shiba Inu ecosystem's own metaverse space, described by developer Eric M as "a place where our community, tokens, game, ShibaSwap and way more is going to meet together."
The metaverse land will also contribute towards the SHIB burn, using a renaming process similar to the Shiboshi NFT burns.
Shiboshi NFT holders will have an exclusive area of the metaverse, known as the Shiboshi Zone.
In the latest update, the Shiba team laid out the full buying process for the land sale, and confirmed a AAA studio will work on the metaverse art.
Shiba Metaverse Release Date
We don't have any specific release dates for Shiba Inu metaverse project. However, it will likely launch in 2022, as stated in the official announcement tweet.
As for the Land sale date, we'd expect this to happen before the full metaverse launch, perhaps in the coming months. No concrete dates have yet to be provided, however.
We'll keep this page updated when new information comes to light.
Shiba Inu Metaverse Announcement
The Shiba metaverse was first announced in late January 2021. According to the official SHIB account, the Shiberse will be: "An immersive experience for our ecosystem and the Metaverse space."
The tweet included an image of a Shiba Inu dog holding a hammer in its mouth in a jungle. This may have been a reference to the now-confirmed Shiba Inu Lands - the virtual real estate that Shiba users can buy in the future.
After the announcement, some Shiba Inu holders questioned whether the name was the best choice. "I think ShibaVerse probably would have been a better name though," one user said.
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However, Shiba project lead Shytoshi Kusama said Shiberse is "not [the] final name" of the project, citing scams as the reason."
Other metaverses are being built by people like Facebook, Walmart etc. So we are playing with the big boys," he added on the Shiba Discord. "What makes ours special is you and the ecosystem."
Indeed, as we now know, the name is instead SHIB: The Metaverse.