Common misconception about Shiba Inu Metaverse busted


The Shiba Inu [SHIB] ecosystem has an array of developments scheduled for this year. One of which is SHIB: The Metaverse. This Shiba Inu-centric metaverse has been in the works for quite some time and has even created a buzz. With not a lot of time left for its launch, the SHIB team decided to clear out misconceptions surrounding the launch of this platform.

The metaverse will reportedly entail land. All these plots would be put up for sale to the community. As per the latest blog post, a total of 100,595 plots of land and 4 different districts will be found in the space. A common question that has been surfacing in the community is, ‘how do we purchase lands in Shiba Inu’s metaverse?’

If you thought Shiba Inu would be used in land sales, you are wrong. Ethereum [ETH] would be the primary choice for land purchases in the metaverse. However, this doesn’t mean that SHIB was out of the picture. The fact that the metaverse would be SHIB centric albeit this, the use of other currencies enraged the community. Putting this to rest, SHIB Informer affirmed that “SHIB will be prominently used in the Metaverse.”

The results of a recent poll further revealed that nearly 20 percent of the participants believed that SHIB wouldn’t be used in the metaverse.

Here’s why ETH would be used for land purchases on the Shiba Inu metaverse

The Shiba Inu team amasses immense backlash following this. Trying to calm the community down, Shib Informer explained why they were employing ETH instead of SHIB. He detailed,

“The reason to not use $SHIB in this individual sale event is because is intended to raise funds. That means the ETH collected will be used to pay companies in USD or other Fiat they accept. We don’t want to cash out several millions of dollars of SHIB, dumping it.”

Further urging the community to be patient, Shib Informer pointed out that several blog posts shedding light on the “hows” were underway.

Meanwhile, the price of the altcoin was heading towards recovery with a 1.15 percents surge over the last 24-hours. This dainty surge was well highlighted in the market as most of the other assets were drowning in the red sea. Additionally, during press time, SHIB was trading for $0.00002652.