Shiba Inu enters the metaverse as SHIB price recovers following an intraday low.
The Shiba Inu cryptocurrency’s official Twitter account has launched a metaverse initiative based around the coin’s ecology.
From an intraday low of $0.00001865, the price of the SHIB token has rebounded over 12%.
Shiba Inu in the Metaverse and its Experience
It will be known as “Shiberse” and will provide the Shiba Inu community with an “immersive experience.”
The statement was accompanied by a cartoonish image of a Shiba Inu dog in the midst of a forest, gripping a hammer in its teeth. Last week, the Shiba Inu Twitter account teased the community with a blurred version of the image.
So yet, there are few facts regarding the project, but the developers vow to provide more information shortly.
ShibaSwap creator Eric M believes that Shiberse would be a site where several elements of the Shia Inu ecosystem (tokens, the decentralized exchange, games) will come together in a message released on the Shiba Inu community’s official Discord channel.
He has stated that the metaverse project’s name has not yet been determined, and he has cautioned users against falling prey to fraudsters.
Eric says in another message that metaverses are “here to stay,” and that the new project’s most crucial component is the community.
An industry worth $800 billion?
After Facebook announced a makeover, the term “metaverse,” which refers to the merging of digital and real worlds, became one of the trendiest buzzwords in IT almost overnight. Major brands, such as Walmart and Nike, are now joining the game.
According to Bloomberg Intelligence, the metaverse industry might eventually reach $800 billion.
