Could the launch of a Shiba Inu Metaverse trigger a price rally?
Shiba Inu is finally entering the Metaverse space, and it's a big deal. According to the Shiba Inu website, all the tokens in the Shiba Inu ecosystem, namely: SHIB, BONE, and LEASH, will be instrumental in the Shiba Inu Metaverse.
The Shiba Inu team expects the launch of the Metaverse to be an opportunity for the ShibArmy to grow even bigger and share more with each other.
The best part is that the launch of the Shiba Inu Metaverse is not months or weeks away but instead will be rolled out in a matter of days. Investors should be ready to lock up assets once the portal is up and running. According to the official Shiba Inu blog, this is the last announcement before the Shiba Inu Metaverse goes live.
One of the things that the Shiba Inu community is looking forward to is SHIB lands. Shiba Inu developer Shytoshi Kusama says Shiba Inu lands will be available for sale soon.
According to the Shiba Inu team, the Metaverse will be made up of 100,595 pieces of land. Owning a portion of these lands will give users participation in the Shiba Inu virtual lands. There will also be lands in the Shiba Inu virtual world locked and treated as common grounds for all. Like in the real world, these locked lands will serve as roads, hubs, and boulevards.
Already, Shiba Inu's layer-2 scaling solution called Shibarium has been in the works for a while and is now moving to more advanced levels of development. It's all part of making a fundamentally grounded cryptocurrency.
However, the biggest news that the ShibArmy is looking forward to is about the coin burn portal. Through this Portal, SHIB tokens will be burned or taken out of circulation every day. This is a big deal as demand will increasingly be chasing a reducing number of tokens. It's a factor that could trigger a price rally due to decreasing supply relative to the demand.
According to a Shiba Inu team member called Archangel, the development of Shiba Inu's token burn portal was almost complete.
With all these developments becoming a reality, SHIB is a top cryptocurrency to watch for 2022. Shiba Inu is currently trading at $0.0000247 and ranks 15th with a market cap of $13.51 billion.
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