Shiba Inu Overtakes Tron as the Development of Their ‘Shib, the Metaverse’ Approaches Advance Stage

The release of this metaverse project is attracting investors and this is likely to be the reason why the coin is now ranking at around 15 position. It has overtaken Tron which is 16th in rank. Shiba inu has a total of $6.4 Billion as its market capitalization value. It is just a little ahead of Tron which is $6.19 Billion in market capital value.

An announcement was issued earlier in January about the launching of a new Shiba inu project known as ‘Shib: the metaverse’. The project is about the integration of all the Shiba tokens, the ecosystem and NFT lands in a metaverse environment. The NFT land sales is an offer to acquire virtual properties which have profiting opportunities in the future. The company responsible for the development of the Shiba inu’s metaverse environment is the visualization studio. Out of all the lands available, 36% of the lands has been offered for sales although the metaverse project is still in the process of development. The 36% of the land account for a total of 36,431 plot of land. The Shiba inu team has plans that land owners will benefit from future profiting programs.

The lands are grouped into 4 classes with various price tags. But payments to purchase the lands are to be made in Ethereum tokens. Why Ethereum and not the Shiba inu tokens? Since the Shiba inu metaverse is being developed by a third-party company, payment has to be made to them on their own terms.

 

 

 

 

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