Shiba Inu Team Unveils Metaverse, Dogecoin Creator Slams Project

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Shiba Inu Team Unveils Metaverse, Dogecoin Creator Slams Project
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Shiba Inu’s new metaverse project can compete with established players like Decentraland.

The team behind Shiba Inu (SHIB) has launched the highly anticipated virtual reality project “SHIB: Metaverse”. The developer chose ETH as the land pricing token instead of SHIB.

“SHIB: Metaverse”

According to the latest blog post, the Metaverse will have 100,595 parcels of land. Public land will be purchased, while private land representing key locations in the virtual world will be locked.

The plots will be released in stages. The introductory phase will consist of unlocking 36,431 parcels of land divided into four categories: Silver Hair, Gold Tail, Platinum Claw, and Diamond Teeth, valued in the 0.2 ETH to 1 ETH range.

bybit

All tokens SHIB, LEASH, BONE will come into play as the phase unfolds. However, purchases will be made with ETH instead of SHIB, as the funds collected will be used to pay for the development of Metaverse. Therefore, the team decided to use “neutral coins” as land-priced tokens that can be sold into stablecoins to pay all sources. The post read,

“Using our ecosystem tokens is risky because we need to sell our own token prices to cash them! This is far from our plan.”

The announcement also revealed that users who own land in Shiba-influenced worlds will be able to generate passive income, collect in-game resources, and generate rewards. The team will also introduce new ways to make money.

Dogecoin creator admits to being ‘salty’

Dogecoin co-founder Billy Marcus scoffed at the new metaverse project of his longtime rival Shiba Inu. In fact, he went on to say that making a “random metaverse” and “selling fake land” with Ethereum would not increase the utility of SHIB.

“How to use Ethereum to make a random metaverse and sell fake land to add utility to their project. I mean, if people want to give developers more money, go ahead, but if I’m a SHIB holder, I’d be pissed.”

In a follow-up post, Marcus also revealed that he made just $3,000 when he founded Dogecoin eight years ago, which has a market cap of $80 billion. He admits he is “salty” after witnessing scammers make millions. In response to comments from Twitter users, Marcus also claimed that every meme coin created after Dogecoin is a “disgusting cash grab.”

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