The metaverse is now home to the realm of meme currency. Shiba Inu’s creators have unveiled a virtual land project. Shiba Inu is an Ethereum-based token with limited utility. However, a market cap of $18.4 billion, makes it the 13th largest cryptocurrency.
The developers stated on Tuesday that they will “lead this Metaverse area”. Also, the “Shiba Lands” will be available to buy and bid soon. People can engage with shared virtual environments as 3D avatars in the metaverse.
Shiba Inu LEASH
Those interested in participating in the meme currency metaverse before it launches can purchase and hold Doge Killer (LEASH), a token made by the same Shiba Inu creator. They mentioned that their objective is not to override the Metaverse Industry but to accumulate a number of companies in and all over the crypto world.
The Metaverse serves as an anchor to their sustainable ecosystem. The company is hopeful that they will continue to offer more useful projects that are advantageous especially to the ShibArmy.
Prospective parties will be given a seat in line to the Shiba Inu metaverse if they own Doge Killer tokens., according to the blog post. When the virtual land goes on sale, they will be able to purchase it with LEASH tokens.
According to CoinMarketCap, the price of Doge Killer has increased by 48% in the last 24 hours to $1,750. Shiba Inu (SHIB) is up 10.75% to $0.00003353 per token.
Meme Coin
A “meme coin” is a digital currency based on a popular online meme or joke. They are plentiful and are typically more unstable than other coins such as Bitcoin and Ethereum.
Shiba Inu gained a lot of traction last year when it entered the cryptocurrency market to stand against Dogecoin, the most popular meme coin by market capitalization. Both coins have critics who claim the coins have no intrinsic worth, while supporters, notably of Dogecoin, argue that the coins should be used for payments.
Both currencies have grown in popularity as internet communities and celebrities such as Elon Musk have pushed them online, skyrocketing their worth. Early investors have made great returns on both currencies.
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