Wednesday, December 7, 2022

Shiba Inu Team Unveiled The Metaverse, DOGE Creator Slams It

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The Shiba Inu Team unveiled the metaverse but the DOGE creator slammed the project as we can see more today in our latest cryptocurrency news today.

The Shiba Inu metaverse will use Ethereum for the land pricing but the DOGE creator said selling fake land with ETH will not enhance the utility of the memecoin. Shiba Inu’s new metaverse program will be able to compete with established players like Decentaland. The team behind Shiba Inu unveiled the much-talked virtual reality project but instead of SHIB, the developers picked ETH as the land pricing token.

shib metaverse

The metaverse will have 100,595 plots of land and the public land will be up for buying while the private ones whcih represent key locations in the metaverse will be locked away. The plots will be released in phases and the introductory stage will include unlocking 36,431 plots of land and categorized into four categories, Gold Tail, Silver Fur, Platinum Paw, and Diamond Teeth which are valued in the range of 0.2 ETH to 1 ETH. As the phases roll out, the tokens LEASH, BONE, SHIB will play a role however, ETH and not SHIB will be used for purchases because the funds will be used to pay for the Metaverse development but the team decided to use the neutral coin as a land pricing token which can be sold into stablecoins to pay for the sources:

“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 revealed that the users who own land in the Shiba Inu-influenced world will be able to generate passive income, generate rewards and in-game resources and the team will also introduce new ways to earn. DOGE co-founder Billy Markus slammed the project and he went on to say that making a random metaverse and selling fake land with ETH will not enhance the SHIB utility:

“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.”

Markus revealed that he made only $3000 for creating Dogecoin eight years ago with a market cap of $80 billion so after seeing scammers making millions, he admitted to being “salty.” Markus claimed that every memecoin created after DOGE is a disgusting cash grab.

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