Shiba Inu’s marketing lead, Lucie, has announced the upcoming launch of “Shib The Metaverse,” a new development for the ecosystem. This metaverse aims to become the core of the SHIB community, fostering interaction and creativity.
The Shiba Inu team revealed the highly anticipated “Shib The Metaverse,” a virtual space designed to engage the SHIB Army. Lucie hinted that the launch is approaching, raising optimism among crypto enthusiasts. In a recent post on X, Lucie explained that this metaverse is not just a social hub; it is intended to be the community’s heartbeat, offering users a space to express themselves through art, projects, and classic SHIB memes, encouraging a culture of innovation.
Lucie also emphasized that SHIB holders could consider this virtual platform their “ultimate HQ,” where they can collaborate on new ideas, vote on key proposals, and strategize the future of the Shiba Inu ecosystem. This initiative is expected to boost user engagement and enhance the platform’s appeal.
**Market Reaction and Price Trends**
Speculation suggests that “Shib The Metaverse” could officially launch as early as October or by the end of 2024. The team initially opened land bids in the metaverse back in April 2022, and now, nearly two years later, the community is eagerly anticipating the official rollout. Investors have already participated in land acquisition events, using the Leash token to purchase plots.
Despite the excitement surrounding this announcement, Shiba Inu’s price experienced a decline today, dropping by around 8.47% over the past 24 hours, fluctuating between $0.00001813 and $0.00001984. However, on a weekly basis, SHIB has seen a 25.21% increase, suggesting that today’s dip may be part of a broader market movement.
On a brighter note, the SHIB burn rate has seen a significant surge, rising over 81.36% in the past day. Approximately 3,718,819 SHIB tokens have been burned, as reported by the Shib burn portal, indicating the community’s ongoing efforts to reduce supply and potentially boost the token’s value.
