Since the crypto market took a turn for the worse, Shiba Inu has been on a downward spiral ever since. As a response to the slump, Shibverse virtual world has released its $LEASH tokens. These tokens provide SHIB fans access to LAND in the metaverse. With its latest venture, Shiba Inu is trying to go toe-to-toe with Decentraland and even leave it behind. However, it remains to be seen if Shiba Inu’s ploy will provide the desired returns.
SHIB The Metaverse: Rewards from the LAND Sales for Shiba Inu Faithful
Through its recent posts, the people at Shiba Inu have conveyed that it will soon issue rewards from the land sales. And it has confirmed the date to be July 2, 2022. SHIB team has also revisited the promise it made about the distribution of 3% funds, which are generated through the sales event. The selection criteria for winners will be based upon the total number of locked LEASH tokens.
As per people at Shiba Inu, they haven’t distributed the rewards until now. Therefore, SHIB fans are waiting with bated breath about this new initiative. However, it remains to be seen whether SHIB: The Metaverse will produce the desired results or if the ongoing slump will continue.
SHIB Price: No Indication of Price Moment
Currently, there is not a lot of positive price moment, and things look bleak for the meme coin. Investors are still confused about whether Shiba Inu is the way to go as far as investments are concerned. However, the efforts made by the developers can work their magic any time soon. For SHIBites, it’s time to keep your fingers crossed. At the time of writing, SHIB’s price is $0.000010566114. The trading volume in the past 24 hours has stood at $181,594,638. Overall, the price of SHIB has been up by just 0.1% in the last 24 hours.
Even with Ryoshi, the SHIB founder, walking out, the developers at Shiba Inu are working hard and trying new things. One of their latest ventures is SHIB: The Metaverse, which is generating new hopes for the fans of the meme coin. Just like Shiba Inu rose from nowhere and challenged the mighty Dogecoin, it has shown its propensity to fight back. The indefatigable dog isn’t likely to give up any time soon. With new rewards through land sales, the developers at Shiba Inu are trying to deliver on their promises and take things to the next level.