Shiba Inu Team Unveils Metaverse, Dogecoin Creator Slams Project

Shiba Inu’s all-new metaverse program could compete with established players such as Decentraland.

The team behind Shiba Inu (SHIB) has unveiled the much-talked virtual reality project “SHIB: The Metaverse.” Instead of SHIB, the developers have picked ETH as a land pricing token.

“SHIB: The Metaverse”

As per the latest blog post, the metaverse will have 100,595 plots of land. Public lands will be up for purchase, while the private ones that represent key locations within the metaverse will be locked away.

The plots will be released in phases. The introductory stage will include the unlocking of 36,431 plots of land and categorized into four categories: Silver Fur, Gold Tail, Platinum Paw, and Diamond Teeth, which are valued within the range of 0.2 ETH to 1 ETH.

As the phases roll out, all tokens SHIB, LEASH, BONE will play a role. However, ETH and not a SHIB will be used for purchases because the collected funds will be used to pay for the Metaverse development. Hence, the team decided to use a “neutral coin” as a land pricing token that can be sold into stablecoins to pay all the sources. The post read,

“Using our Ecosystem Tokens is a risk, as we would need to dump our own tokens price cashing them! And that’s far away from our plans.”

The announcement also revealed that users who own land in the Shiba Inu-influenced world will be able to generate passive income, gather in-game resources, and generate rewards. The team will also introduce new ways to earn.

Dogecoin Creator Admits Being “Salty”

Dogecoin co-founder Billy Markus took a jibe at its long-standing rival, Shiba Inu’s new metaverse project. In fact, he went on to say that making “random metaverse” and “selling fake land” with Ethereum would not enhance the utility of SHIB.

“How is making a random metaverse and selling fake land with Ethereum adding utility to their project. I mean whatever if people wanna give the devs even more money go ahead but if I was a SHIB holder I would be annoyed.”

In a follow-up thread, Markus also revealed that he made only $3,000 for creating Dogecoin eight years ago, which has a market cap of $80 billion. After witnessing scammers make millions, he admitted to being “salty.” In a response to a Twitter user’s comment, Markus also claimed that every meme coin created after Dogecoin is a “disgusting cash grab.”