The new cryptocurrency project is called “SHIB: The Metaverse”, which will have 100,595 lands. Developers decided to accept ETH as the purchase currency instead of using their own token SHIBA.

The land will be sold in NFT plots and by delivery phases. The introductory phase, considered the first one, will consist of 36,431 lands and they were divided into four categories: Silver Fur, Gold Tail, Platinum Paw and Diamond Teeth with a value ranging between 0.2 ETH and 1 ETH.

In an official statement, the developers explained that among the reasons for adopting ETH they highlight, firstly, the neutrality of the currency, which is “better for establishing land prices” and secondly, it highlights security because that way risks of devaluation of your Shiba Inu token will be avoided.

The statement notes that “using our ecosystem tokens is a risk as we would have to get rid of the price of our own tokens to cash them in and that is a long way from our plans.”

The beneficiaries who have the NFTs in the SHIBA world will enjoy some advantages such as obtaining passive income, pooling resources in the game and creating rewards.

Criticism to SHIB: The Metaverse

Billy Markus, co-founder of Dogecoin (DOGE), expressed his disagreement with the new project, through the social network Twitter. He said: “I mean, anyway, if people want to give developers even more money, go ahead, but if I were a SHIB holder, I’d be upset.”

Other personalities in the crypto environment have also criticized the SHIB: The Metaverse project for not generating “much utility for Shiba Inu token holders.” Nonetheless, the price of the tokens held up, motivating Shiba supporters and investors.

The main token saw a slight increase of 6.36 % daily to settle at $0.00002723. In the last week the price of Shiba Inu has increased by 11.52 %.

M. Rodríguez

Source: bitcoin.es

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