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There are many happenings to talk about and many other things to analyze; let’s take a look at some of the incidents.

The Shiba Inu team plans to embark on the metaverse journey in no distant time following the tokenized real estate asset launch called “Shiba Lands” as part of the proposed metaverse project.

However, the upcoming metaverse project is yet to be named, but the developers chose to call it “Shiberse” for the meantime while stating that an official announcement will be made any time soon.

Together with the name, the launch date of the tokenized real estate sales and the auction will be revealed later this month. Shiba Inu’s team would give those holding the LEASH token (available via Shin Swap) priority to access the land sale on a first-come, first-served basis. And upon the completion of the first stage of purchase, the team would then grant access to the public.

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The Shiba development team on February 8 talked about the importance of adding additional utilities to the coin’s ecosystem and how to make others perceive the coin as not merely a symbol of a joke but a medium of exchange. The Shiba Inu team wants to use the metaverse as a launchpad for a more enhanced ecosystem.

NFT Floor Prices Plummets

This week has seen the NFT market experiencing a pullback in price and volume of trades, with top projects dropping in price by 10%.

The data gotten from the NFT Price Floor shows projects like Bored Ape Yacht Club (BAYC), Clone X, and Crypto Pinks all dropped down to a percentage of 8.79%, 6.67%, and 9.47%, respectively, in the last 24 hours.

Moreover, the market appears to have gained its momentum back following recent surges in prices in the early stages of the year, notably the BAYC’s floor, beginning the year at 60 Ether and later doubling it to 118 Ether at the start of February.

OpenSea’s research has revealed a significant factor in why top projects experience falls in floor prices. The above reasons are why this happened. As reported by Cointelegraph today, there was a drop in the total number of transactions on the platform by 30%.

Physical NFT Building For Sale

Defi Unlimited, a Tampa-based blockchain company, is auctioning a property worth $650,000 via NFT for willing buyers. Bidders are to use an NFT wallet to participate in the auction, and the winner of the NFT bid will receive a tokenized property deed alongside the physical property.

Skyweaver Rolls Out Beta

Skyweaver has launched the long-overdue beta version of the NFT-themed play-to-earn card game after many delays due to testing behind the scenes for months. 

Skyweaver created the game to enable players to earn tokenized cards by playing against each other. Players can exchange the cards in the game’s marketplace for coins. According to the game developer, the trading card game has 233,000 installations.

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Alicia Maher

By Alicia Maher

Alicia Maher is an accomplished news writer with a passion for storytelling. With years of experience in the field, she is skilled at delivering accurate, engaging, and insightful news coverage to her audience.