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Shiba Inu: Not a MemeCoin Anymore!

source-logo  thecoinrepublic.com 19 July 2022 14:30, UTC

Shiba Inu’s Own Metaverse: Shibverse

In 2020, the ERC-20 token Shiba Inu (SHIB) was created as a parody on another renown cryptocurrency, Dogecoin (DOGE). Despite the platform’s fundamentals, it has been modified, a DEX and a metaverse platform have been introduced, and it is swiftly going toward token burning for long-term positioning. Shiba Inu’s designers have developed a number of strategies to help what started as a simple meme token acquire traction as a more substantial enterprise after being well known during the 2021 bull market.

Shibverse, the metaverse for the Shiba Inu memecoin, will act as a hub for users of the digital token and may contain games, virtual territories, and non-fungible tokens (NFTs). In his explanation of the Metaverse, developer Eric M. calls the Shiba Inu ecosystem’s own metaverse setting a spot where our community, tokens, game, ShibaSwap, and many more is going to come together.

The future of Shibverse

It will be hosted on SHIB.io and offer 100,595 land pieces for purchase. There are going to be many streets which represents many of the names connected with the Shiba community on the map. Through a renaming procedure akin to the Shiboshi NFT burns, the metaverse land will likewise contribute to the SHIB burn. Holders of Shiboshi NFT will have access to a special location. This area is known as Shiboshi Zone.

The token is also being used for payments more regularly, and an increasing number of companies are doing this. It is one among the most popular and intriguing cryptocurrencies at the moment. When it set out on its journey, there were four quadrillion tokens, but more than half of them have now burned. Shiba Inu (SHIB) is anticipated to reach US$0.0001 on the cryptocurrency market in 2022 after the crypto winter. It is expected that the price would rise to US$0.00015 in 2023 and US$0.0002 in 2025. Although this currency’s ecosystem is still evolving, performance this year will undoubtedly improve.