As part of its planned metaverse initiative, the company behind Shiba Inu (SHIB), one of the most popular memecoins, is releasing tokenized real estate called “Shiba Lands.”
Shiba’s future metaverse has yet to be given a name, with the team referring to it as the “Shiberse” for now and promising that the real title will be announced later this month.
The debut date for the tokenized land sales and auctions will be revealed soon, and holders of the LEASH token (accessible through Shiba Swap) will have first access to the activities.
After the initial round of sales, the public will be allowed access.
The team stressed the significance of adding further utility to the SHIB ecosystem in a Feb. 8 blog post, outlining ambitions to make the asset more than just a memecoin:
“Overall, our focus is not only to disrupt the Metaverse industry but many industries in and outside the crypto world.”
” Therefore we are early, but most importantly, our metaverse serves as the anchor in our sustainable ecosystem,”
” as we add even more utility, projects, and benefits for our beloved ShibArmy.”
NFT Cool Off, Shiba Entry
The NFT market has taken a significant hit this week, with losses of roughly 10% on the floor pricing of a long list of big projects.
The Bored Ape Yacht Club (BAYC), CryptoPunks, and Clone X all lost 8.79 percent, 9.47 percent. , and 6.67 percent during the last 24 hours, according to data from NFT Price Floor. Also, to sit at a floor price of 91 Ether, 66.95 Ether, and 14 Ether, respectively.
After a dramatic rise in 2022, it appears the market is calming down, with the BAYC’s floor. That’s, in particular, starting the year at 60 Ether before nearly tripling to about 118 Ether as of Feb. 1.
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