Shiba Inu Announces Own Metaverse, SHIB and LEASH Token Price Surges Over 40%

Shiba Inu Metaverse Goes Live With Early Access to Buy Land Open
  • LEASH tokens may be used to buy or auction off “Shiba Lands.”
  • Opportunistic bots would be deterred from buying land at bargain rates.

Cryptocurrency tokens like SHIB and LEASH have jumped as much as 40% after Shiba Inu’s developers indicated the protocol would soon provide virtual land in a new, yet-to-be-named metaverse.

The phrase “metaverse” refers to a digitally based representation of the real world in which people may interact as they would in real life. Axie Infinity’s AXS and Decentraland’s MANA are examples of metaverse tokens that have recently garnered traction.

Shiba Inu developers said in a blog post:

“The Metaverse is set to be one of the biggest areas within crypto for many to enjoy…using it as another great resource to offer crypto communities incentivization, content, and regular royalties.”

‘Queue System’ Being Developed

LEASH tokens may be used to buy or auction off “Shiba Lands,” which will be discovered in the forthcoming Shiba Inu metaverse.

“Queue system” for the Shiba Lands event is being developed, according to the developers. Participants gain a spot in the line depending on the quantity of LEASH they have. Opportunistic bots would be deterred from buying land at bargain rates and then reselling it to the community for a profit using such a method.

According to CoinMarketCap, the price of LEASH tokens has increased by roughly 46% in the past couple of days. There are one quadrillion tokens in the SHIB supply; however, only 107,647 were issued.

While this was happening, SHIB is currently up 3.34% after surging about 40% on Monday and Tuesday. At the time of this writing, the token was trading at about $0.000032 as per CoinMarketCap.

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.