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Shiba Inu Introduces Shiba Land as Metaverse Precursor -Breaking

by Mike Robinson

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Shiba Inu introduces Shiba land as a Meta Precursor
    • The Metaverse arms races among cryptocurrency cryptocurrencies have been fierce since 2021.
    • Virtual real estate has been introduced in Shiberse’s ecosystem recently.
    • Meme coins are rallying, as well as P2E tokens, such AXS, MANA and LEASH.

Shiba Inu has recently launched Shiba Land, which allows crypto users to purchase virtual lands and/or auction them. ShibaInu saw an increase in its price yesterday.

The post mentions that LEASH coin owners will have priority access to the queue during the initial period of land releases. This announcement caused an increase in LEASH.

There are many coins, including (AXS), Decentraland(MANA), The Sandbox/SAND), Doge Killer(LEASH) that have been plowing their way in the metaverse.

The Sandbox allows players to play in a virtual world. They can create, own, manage, and profit from their virtual experience. Decentraland allows users to sell and buy virtual lands. Axie Infinity also offers a P2E metaverse in which players can gather Axies, grow them and then battle for tokens.

In 2020, prior to Facebook’s Meta rebrand, the metaverse was already worth $47.69 billion with coins like AXS, SAND, MANA. MANA led the metaverse after the rebrand. Enjin Coin, ENJ, and SAND were close behind.

Shiba Inu developers stated on its blog ShibaSwap

Metaverse promises to be the most popular area in crypto. Content will be produced by others, developers will establish shops and offer content to crypto communities.

Shiba Inu is currently 14th on the list of top cryptocurrency in the world with more than $17billion market capitalization. However, Shiba’s market cap remains higher than most of the metaverse tokens. MANA ranks at 30. With a 20.8% rise in value over the week, the current writing of this article shows that.

Most altcoins are entering the market with small price increases, which is a sign of larger market momentum. This is an extremely challenging environment for the Shiba Iu metaverse. In a recent post by WhaleStats’ data, SHIB was back on the top 10 purchased tokens and top most used smart contracts by 1000 biggest ETH whales in the last 24 hours.

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