SHIB: The Metaverse, a project that expands the utility of the Shiba Inu ecosystem, is being pegged to open by December of this year, Shiba Inu developers said in an update on Monday.
“While all development takes time, the MV team is confident that by the end of 2023 users will have the opportunity to explore some of the areas in this fantastic world, build, design, play and develop within it,” developers said Monday.
“However, it should be noted that not all areas of the metaverse will be fully completed as it is an ongoing project,” the developers added.
SHIB: The Metaverse will feature 100,595 plots of land that will be minted by users. Landowners can generate passive income from their plots, collect in-game resources and generate rewards. Additionally, the developers plan to introduce a way to earn and ensure players have a personal space where they can build and manage their projects.
A still from the SHIB: The Metaverse. (Shiba Inu)
In the metaverse, users can create their own avatars – fashioned as humanoid dogs – to explore, visit and interact with lands and contribute to the in-game economy.
STORY CONTINUES BELOW
Recommended for you:
The metaverse will be developed in Shibarium, an upcoming layer 2 network that uses Shiba ecosystem tokens, such as bone (BONE) and (LEASH), whose testnet is already live.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.