Shiba Inu (SHIB) owners can now bid on a virtual piece of land in the Shiba Inu metaverse! That’s what makes the team behind the meme crypto known on Twitter. The cryptocurrency now finally has a form of utility, or utility.
#ShibArmythe wait is finally over – We are excited to announce that the first early access BID EVENT is now LIVE at https://t.co/w29zPzzQde
Important: In order to participate in this early access event, you must have $LEASH or SHIBOSHI locked and utilize the locking system. pic.twitter.com/tMvpfgsrVu
— Shib (@Shibtoken) Apr 13, 2022
Shiba Inu Metaverse
Users who want to acquire a plot of land can now participate in the early access BID event. By locking LEASH you get access to the auction after which you can place a bid. On the website the following can be read:
“This exclusive first event will allow entrants to participate in an exciting three-day (72-hour) bidding race to secure their favorite plots of land. This is a unique and exclusive opportunity to reserve the very first batch of land with priority over the rest of the users!”
Remarkably, the final purchases are settled with ethereum (ETH). Users also have to lock in LEASH tokens to be able to participate at all.
Utility by shiba inu
However, once the metaverse is actually launched, SHIB will play an important role. The altcoin will then be able to be used to apply images and logos to pieces of land. Also customizing these images can be done with SHIB tokens. Traditionally, some of this is destroyed, of course, or it burn from SHIB.
In addition, with shiba inu you will be able to change the name of your virtual piece of land. In addition, so-called HUBS can be leased and these transactions can be settled with SHIB. HUBS are pieces of land in the metaverse that have a high value, for example because of their location.
Shiba inu has seen a huge increase in recent days, partly as a result of developments regarding the cryptocurrency. For example, SHIB was recently added to the popular trading platform Robinhood. Read here an extensive analysis of SHIB in which these developments are discussed in more detail.
