The Shiba Inu ecosystem has advanced significantly by introducing early access to SHIB: The Metaverse, a platform integrating blockchain technology with immersive experiences.
Announcement via SHIB’s official X account, the initiative seeks to revolutionize virtual engagement, creativity and digital ownership. This development marks a turning point for Shiba Inu, moving from a memecoin to a utility digital asset.
A recent blog post highlighted the role of the platform in demonstrating the power of decentralized communities. Inspired by pioneers like Apple and Netflix, the metaverse aims to cultivate innovation and dynamic interaction within a virtual space powered by the scalable Shibarium blockchain. The developers describe the platform as an invitation to explore and help shape a transformative digital era.
Source: shib.io
Key features include customizable avatars and interactive experiences that merge physical and virtual dimensions. Users can acquire and personalize digital terrainstransforming them into creative showcases or sources of passive income. Spanning 100,595 plots across four levels, the land was initially sold at prices ranging from 0.2 ETH to 1 ETH, providing unique opportunities for ownership and innovation.
Shiba’s Big Step: Early Access Delays
Progress towards this version has been significant despite the delays. Originally scheduled for December 2023, unforeseen issues pushed the schedule back to 2024/2025. However, the team remained committed, introducing more than 10 hubs and appointing the project’s metaverse advisor, Marcie Jastrow, an entertainment industry veteran. Early Access now allows Shiba Inu to connect its community with a cutting-edge blockchain utility.
The Shibarium blockchain, a layer 2 solution, powers the metaverse by enabling transparent transactions and fostering active user engagement. This ecosystem serves as a scalable and effective backbone to the project, reinforcing its transformative vision. The Metaverse expands Shiba Inu’s reach, making it an important player in the evolving digital landscape.
With Early Access rolling out, users started creating land over time NFT. These plots not only represent ownership, but also provide a means to generate rewards. The team has yet to announce a timeline for the full launch, leaving the community eagerly awaiting the next phase.
SHIB burned through millions, but daily rates are falling
The buzz around the metaverse coincides with notable activity in SHIB tokenomics. However, according to According to the Shibburn website, over 5,384,700 SHIB tokens were burned in the last 24 hours, reducing the daily burn rate by 26.50%. The largest burn alone accounted for 4.6 million SHIB.
Source: Shibburn
Meanwhile, the SHIB token price is battling resistance at $0.00002380, a threshold last touched on December 21. SHIB Price Index indicates that the token is trading at $0.00002337, keeping traders and enthusiasts in suspense. These developments further highlight how the SHIB ecosystem continues to evolve in line with the broader ambitions of the metaverse.
Source: Brave New Coin SHIB Price Index
The launch of the Metaverse is being hailed as a defining moment for Shiba Inu. By providing users with digital ownership and collaboration opportunities, SHIB: The Metaverse challenges traditional notions of value and governance. This bold move expands the utility of the ecosystem while inviting users to participate in shaping a decentralized digital future.