Shiba Inu (SHIB) will be used to knock out NFT in the metaversion


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shiba-inu-metaverse
SHIB metaverse. Source: shib.io

Many critics claim that Shiba Inu is just another “worthless” cryptocurrency designed to make a “noise” in society. Contrary to many people’s beliefs, this project is still in development. The development team working on it wants to make it more usable. It is already known that this virtual currency will be used, among others, to break the NFTs that represent the “digital space” in the metaversion, which bears the name of the SHIB coin. Dogecoin’s younger brother is also increasingly being considered by various brands as a potential payment method.

Shiba Inu metavers will be used to knock out NFT

After a while, the legend that the interest in Dogecoin’s younger brother will disappear only because it is a speculative asset for profit-seeking members of the virtual currency community is slowly moving into the corner. Although many investors see Shiba Inu as another ‘coin mem’ where it is possible to make good money on favorable terms, the team of developers working on it is trying to ensure that the project retains its value in the long run.

In recent years, many cryptocurrencies have appeared on the market with moments of fame. Currently, most of them have been eliminated as a result of “better” competition. Therefore, project developers should be faced with the question of what functions they can apply to maintain their position in the long run.

Launched in August 2020, Shiba Inu is not even a cryptocurrency, but an ERC-20 token on the Ethereum blockchain. Although it was originally based on a syringe, it is also seen as a means of paying more and more. This is what the metaverse project team called SHIB wants to use.

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The “fictional universe” created in honor of Shiba Inu will be filled by cryptocurrency lovers. There will be something like The Sandbox or Otherside by BAYC. The main common feature of the three projects is that their stakeholders can obtain part of their metaverse in the form of NFT, a piece of “virtual land”.

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This week, the team behind SHIB metaverse announced that Shiba Inu will be used to strike tokens that cannot be exchanged by users. This “metawiverse” will offer more than 100,000. “virtual land” pieces. Previously, its purchase was possible only with the second largest cryptocurrency – Ether (ETH).

Interestingly, the participants of the SHIB universe will be able to earn passive income, participate in interesting games, set up their own spaces and receive various gifts. In addition to Shiba Inu, the following tokens will be used in this ecosystem: LEASH, SHIBOSHIS and SHIBOSHIS.

SHIB, as a means of payment

Some time ago, the famous Italian fashion house Gucci announced its intention to accept Shiba Inu tokens. It will be one of the 12 virtual currencies used by the brand to accept payments for its goods in 5 selected locations in the United States. According to the report, this pilot program will be distributed throughout North America in the next stage.

Companies that want to give their customers a choice between many payment methods often choose the most popular cryptocurrencies, along with Bitcoin (BTC). Recently, they have included Shiba Inu more and more.

Dogecoin’s younger brother is accepted, among others, by the popular US movie chain AMC. Earlier, Tesla CEO Elon Musk suggested adding SHIB as a payment method on Twitter.

The above examples show that despite his young age, Shiba Inu enters the mainstream. With a current market capitalization of more than $ 11 billion. is in the 15th place in the ranking of the largest cryptocurrency projects.

The unit price of the SHIB token is approximately $ 0.00002016. From the top of 0.00008845 dollars. It has become cheaper by more than 77%.

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