• The Shiba Inu metaverse project will launch via the Shibarium network by December this year according to developers.
• Reportedly, Shib The Metaverse will feature 100,595 plots of land that will be minted by users. 

The Shiba Inu (SHIB) ecosystem has made tremendous progress toward widening its network utility in the past year. The launch of the Shibarium layer two (L2) ecosystem has significantly evolved the Shiba Inu ecosystem to almost a stand-alone layer 1 blockchain. The Ethereum-based meme coin has as a result attracted global cryptocurrency traders, with today’s daily traded volume at around $190 million.



Earlier last month, the Shiba Inu developers launched the Shibarium early beta test to enhance engagement with the community. With the mainnet launch expected later in the near future, the utility Shiba Inu token is expected to dramatically rise. Moreover, a huge number of decentralized applications (Dapps) are expected to launch on the Shiba Inu ecosystem through the Shibarium network.

Shiba Inu’s Shib The Metaverse

According to a recent report by Shiba Inu developers, the development of Shib The Metaverse project is underway and could launch by December this year. Reportedly, 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. The Shib metaverse developers said 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,

Nonetheless, the team has admitted the development of the Shib Metaverse project is a work in progress and users can rest assured more features will be introduced along the way even after the official launch.

However, it should be noted that not all areas of the metaverse will be fully completed as it is an ongoing project,

The bigger picture

The launch of more decentralized financial ecosystems on the Shiba Inu network has increased the chances of SHIB rallying to a penny soon. Notably, the SHIB token traded around $0.00001111 on Thursday, up about 2.5 percent in the past 24 hours. According to market data provided by ethplorer, the Shiba Inu ecosystem has about 1.288 million holders who have facilitated around 10.1 million transactions.

With almost half of the Shiba Inu sent to the burn token, the launch of the Shibarium layer two mainnet will dramatically increase the burn rate. As a result, the value of the remaining Shiba Inu coins will rise exponentially with time.



Furthermore, the Shiba Inu ecosystem is significantly bolstered by whale traders who have overseen a meteoric rise in market capitalization to about $6.5 billion. Among the notable Shiba Inu whales include Binance, Okex, and Crypto.Com.