Shiba Inu has developed Shiba Land in Shiberse, where crypto users may buy or auction virtual territories. Shiba Inu prices rose as a result of this yesterday.
LEASH coin holders, as noted in the post, will have priority access to the queue during the first phase of land release. This announcement also resulted in an increase in LEASH.
Meanwhile, numerous coins, including Axie Infinity (AXS), Decentraland (MANA), The Sandbox (SAND), and Doge Killer (LEASH), are plowing their way through the metaverse.
The Sandbox transports gamers to a virtual world where they can play, construct, own, and monetize their virtual worlds.
Decentraland also allows users to buy and trade virtual lands. Axie Infinity is also a P2E metaverse in which users can gather Axies, breed, grow, and utilize them in battles to gain tokens.
Prior to Facebook’s Meta rebranding in 2020, the metaverse was already worth $47.69 billion, with coins such as AXS, SAND, and MANA. Following the redesign, MANA led the metaverse, followed by Enjin Coin (ENJ) and SAND.
Shiba Inu developers wrote on their blog ShibaSwap that:
The Metaverse is set to be one of the biggest areas within crypto for many to enjoy, while others will produce content and developers will set up shops within using it as another great resource to offer crypto communities incentivization, content, and regular royalties.
Shiba Inu is now ranked 14th among the biggest cryptocurrencies in the world, with a market valuation of more than $17 billion. Shiba’s market cap, on the other hand, remains higher than that of the majority of metaverse tokens. MANA is rated 30 at the time of writing, with a 20.8 percent rise in the previous week.
Most cryptocurrencies and metaverse coins are competing with minor price increases in the wider market momentum. This is a difficult situation for the Shiba Inu metaverse. SHIB was again on the top 10 purchased tokens and top most utilized smart contracts by 1000 greatest ETH whales in the previous 24 hours, according to a recent publication by WhaleStats’ statistics.
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