By Alicia Maher
A few months after the team behind the popular meme coin disclosed the ambitious plan to establish a metaverse, Shiba Inu has come forward with another news of a codename for the virtual universe. This update is a testament that Shiba Inu’s metaverse project is neither a dream nor information to influence the price of the meme coin.
According to the developers, the metaverse is codenamed Shibverse, a virtual world that will revolutionize incentivization and grow the community. As per the blog post published by the SHIB team, the developers are working tirelessly to bring Shibverse to reality, adding that the real name for the project will be announced in due time.
Community Incentivisation As a Fundamental Utility of the Metaverse
Ever since Meta, formerly Facebook’s CEO Mark Zuckerberg, declared his intentions to revolutionize shopping, gaming, and interaction with the launch of a metaverse, tech, and fashion brands refused to let the opportunity slip by venturing into the ecosystem. Apparel brands, such as Nike and Dolce & Gabbana, have launched their metaverses.
Prominent tech company Samsung recently launched their metaverse. Seeing the soaring desire to become part of the virtual universe, SHIB developers refused to be left out, announcing their intentions to launch last November.
Shibverse will become a significant area for crypto enthusiasts to enjoy. According to the team, the metaverse will allow developers to establish shops, offer content and royalties, and incentivize the SHIB community. Activities in the metaverse will open with the sale of Shiba Lands, designed to mirror Decentraland.
Shiba Lands will be the core asset of the metaverse, which everything will be built upon. The team said the virtual lands would be available for sale to $LEASH holders first before being made public.
The team also said it would deploy a queuing model to guarantee sales and eliminate Bots. As of this writing, the team hasn’t offered further news on the sale. As per the announcement, the SHIB team hopes that Shibverse will become a pioneer in the adoption of the metaverse.
Other Major Projects Announced by SHIB
SHIB has been announcing ambitious projects since November. Heading into the new year, the team behind the joke coin proposed the launch of its Decentralized Autonomous Organization, known as Doggy DAO.
The team disclosed that the new DAO would launch in two phases – DAO One and DAO Two. DAO One will give stakeholders the right to vote on projects to be added and dictate the distribution of BONE, the native currency of the autonomous organization, to the various stakeholders.
DAO Two will solely focus on proposals. According to the team, users will be able to share their opinions on improving the organization and validating the originality of a project.