THE SHIBA INU metaverse will include more than 100,000 plots of land, the developers behind the digital world have revealed.
Planning is currently underway for “SHIB: The Metaverse” with a new portal being built for the project.
Set to launch shortly at shib.io, the portal will acts as a gateway to the metaverse and all other projects connected to Shiba Inu.
The creators behind the new digital land said that while a considerable number of plots would be available for purchase, some would remain private and used as common areas such as roads, boulevards and hubs.
There will be four phases to plots being released for purchase.
In the introductory stage, 36,431 plots will be available in four categories: Silver Fur, Gold Tail, Platinum Paw and Diamond Teeth.
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Plots will sit in four different districts within the Shiba Inu metaverse: Growth District, Defence District, Technology District, and the Currencies District.
In a statement unveiling plans for the digital world, developers said: “Purchasing land on this platform is not just an isolated investment, but a way to be a part of the short, mid and long term of the project.”
They added: “The metaverse will be able to generate passive income, gather in-game resources, and generate rewards.
“We will be introducing a unique, and exciting way to earn, while also awarding users to have a personal space in which they will be able to build and manage their own projects.
“Districts will play a heavy role inside this Shiba influenced world. By becoming a land owner, users will unlock some truly amazing features, and privileges.”
Land sold in the introductory stage will be priced between $686 and $3,230.
The metaverse is set to run separately to the Shiba Inu cryptocurrency, with developers eager to keep the two apart so that there is no risk of the new project having a detrimental impact on the coin.
“Using our Ecosystem Tokens is a risk, as we would need to dump our own tokens price cashing them! And that’s far away from our plans,” they said.
“As we will use the collected funds to pay for the metaverse development, team have decided to use a neutral coin that can be sold into stablecoins in order to pay all the sources.”
Plots of land will be sold in Ether instead.
A launch date for the metaverse is yet to be announced.
