Shiba Inu’s Metaverse, a project intended to boost the ecosystem’s value, is scheduled to launch in 2023.
The announcement coincides with the asset becoming the fourth most well-known cryptocurrency on CoinMarketCap. Users will be able to explore a piece of Shiba’s metaverse upon launch by the end of 2023, but not the entire thing.
The initiative is expected to produce 100,595 user-minted charts altogether. A space feature will be available to players so they may build and manage their projects. Landowners will accumulate in-game materials and rewards while passively generating income from their holdings.
Users will be able to create canine-themed avatars that may interact with environments, roam the metaverse, and earn money. Shiba Inu (SHIB), meantime, has grown in popularity over the past weekend and is currently the fourth most popular cryptocurrency on CoinMarketCap as of press time.
The release of a cryptic message from SHIB lead Shytoshi Kusama regarding the advancement of the Shibarium mainnet delighted SHIB supporters. With Terra Classic (LUNC) and Arbitrum (ARB) gaining the first and second spots, respectively, on CoinMarketCap’s list of hot cryptocurrencies, this news helped SHIB move up to the second position.
Despite the increase in popularity, the meme coin’s market session today was not particularly pleasant as the asset had a decline of more than 2% in just 24 hours. However, throughout the same time frame, the trading volume climbed by almost 15%, indicating the token’s rising popularity.
