Early access has been initiated for the acquisition of virtual land within the Shiba Inu Metaverse ecosystem. Details were provided regarding the tokens from the Shiba ecosystem that will be utilized in the purchasing activity for this project.
As part of the initial early access phase, Shiba Inu virtual reality parcels, known as the Bid Event, will be distributed to users who lock Shiboshi and LEASH tokens. This program commenced over the weekend.
Virtual lands will be auctioned on Shiba Metaverse
In the Shiba Inu virtual land sale, the bid collection process is scheduled to last for 72 hours. Users participating in this process by locking Shiboshi and LEASH tokens will have the opportunity to bid on existing plots within the virtual reality project.
During the first phase of the Metaverse launch, Shiba Inu developers plan to release 36,431 plots out of the total 100,595. The plots are categorized into four types: Diamond Teeth, Platinum Paw, Gold Tail, and Silver Fur.
The starting price for the Silver Fur plot is set at 0.2 ETH, while the Gold Tail, Platinum Paw, and Diamond Teeth plots have starting prices of 0.3 ETH, 0.5 ETH, and 1 ETH, respectively.
How to get land in Shiba Inu Metaverse?
Following users’ bids for the desired land, if a bid remains the highest after the 72-hour period, the land is automatically allocated to the respective user.
Once the 72-hour auction period concludes, any available land parcels from the early stage can be moved to a second sale event, as announced by Shiba Inu developers. This secondary market phase will serve as a platform where landowners can sell their parcels after the initial bidding phase.
Metaverse is planned to increase the value of the Shiba Inu token
Developers have incorporated service assets into the Shiba Inu Metaverse to support crypto assets in the ecosystem and enhance their value. The primary token of the ecosystem, Shiba Inu (SHIB), will be utilized for leasing the highest-value virtual lands known as HUBS within the Metaverse environment.
SHIB can be employed for customizing purchased parcels, enabling buyers to rename the land and add images and logos. The developers have announced that the privatization of acquired land using SHIB will commence after the general sale phase, which is designated as the third sale event.
Additionally, the utilization of SHIB in the Metaverse aims to serve as a burning activity, contributing to reducing the total supply and boosting the value of the crypto asset.
A significant development for Shiba Inu was the news of its listing on the Robinhood exchange. Following this announcement, the SHIB token experienced a 35 percent increase in value, reaching $0.00003. Today, Shiba Inu has sustained a 20 percent gain in the morning and is currently trading at the level of $0.000027.
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