The developers of the Shiba Inu are keen on the metaverse as they have a plan to release 99,000 plots of land in the Shiberse. The team has described the Shiberse as an immersive experience of its ecosystem and the metaverse space. It will be released in different phases with 35,000 plots to be sold to $LEASH token holders.
The Shiba Inu team said the price of land on Shiberse will vary as per its location, such as a dog park at the center of the meme coin’s metaverse and land closer to the center of the park will cost more. $LEASH token holders, through a dedicated portal, have the advantage of early access to the plots. They have to lock their LEASH holdings to take part in the sale. The lock-in period will be shorter if they lock up more tokens.
Users with the highest locked amounts can bid on the largest lots of land. It should be noted that the tokens cannot be used to purchase the land. The land will be sold for a $ETH token. It will cost between 0.2 ETH and 1 ETH depending on the location. Moreover, the second batch of land will be available to the public. It will also be priced in ETH.
Analysts expect this to have an impact on SHIB’s price. But it is still down by 17% in the last 24-hours. Over the last few weeks, the price of Shiba Inu has been growing amid a wider cryptocurrency market recovery. This week, however, there has been a noted drop in prices due to the war-like situation between Russia and Ukraine.