SHIBA Inu have announced plans to create a metaverse.

The team behind the meme coin posted an image from the “Shiberse” on Twitter, causing the cryptocurrency to rally by 9 per cent.

According to the official SHIB account, the Shiberse will be: “An immersive experience for our ecosystem and the metaverse space.”

The tweet included an image of a Shiba Inu dog holding a hammer in its mouth.

This could suggest the project will include building elements or even Land NFTs, as seen in other metaverses such as Decentraland, The Sandbox and Axie Infinity.

Shiba Inu project lead Shytoshi Kusama said Shiberse is “not the final name” of the project.

He wrote on Discord: “Other metaverses are being built by people like Facebook, Walmart etc.

“So we are playing with the big boys.

“What makes ours special is you and the ecosystem.”

Shiba developer Eric M described it as “a place where our community, tokens, game, ShibaSwap and way more is going to meet together.”

Shytoshi Kusama first announced plans for a metaverse back in November 2021 in a blog post.

He wrote: “”I believe for a ‘metaverse’ to be more than a bent infinity symbol, and a way to extract your data, it must provide real value to users and to do so requires a certain foundation that is built prior to the release of the technology.”

2021 saw Shiba Inu’s native token SHIB soar by 49,000,000 per cent, but the meme coin has been on a downtrend since the start of 2022, falling by nearly 50 per cent.