The Shiba Inu team has spilled the beans on their much anticipated metaverse project, “SHIB: The Metaverse.”
The creators of meme coins first unveiled the ambitious metaverse effort in early February in order to compete with Decentraland.
In stages, the plot lands will be unlocked. The team will acquire 36,431 plots during the initial phase, which will be divided into four tiers (“Silver Fur,” “Gold Tail,” “Platinum Paw,” and “Diamond Teeth”). Depending on the tier, prices range from 0.2 to 1 ETH. According to the developers, they wanted to use a neutral token for pricing.
To participate in the three-day bid event, participants must lock their Doge Killer (LEASH) tokens Shiboshis NFTs. Holders will also be eligible to participate in the sale’s seven-day stage. After the two initial stages are completed, the remaining land plots will be available for public sale.
The team argues that buying the land will provide them with a source of passive income and prizes. Some of the benefits that landowners can obtain will be revealed in the near future.
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