Skip to content
  • Now
With Metaverse Slate To Create $ 8 Trillion Navigable Marketplace, Shiba Inu Community (SHIB) Launches Shibaverse Initiative

With Metaverse Slate To Create $ 8 Trillion Navigable Marketplace, Shiba Inu Community (SHIB) Launches Shibaverse Initiative

Shiba Inu (SHIB), a coin that has proven to be one of the best performing assets of 2021, is looking beyond the ongoing carnage across the crypto sphere by launching a major new community initiative.

Shiba Inu is often called “shitcoin” because of its lack of utility and gargantuan circulatory supply. However, since Ethereum CEO Vitalik Buterin burned nearly 500 trillion SHIB coins, the new encryption project has explored new use cases, expanding into gaming and now the metaverse. This is a bit like the legendary alchemists who created gold and other precious metals from the elements of the earth. It is for this reason that Shiba Inu makes such an exciting case study, because its value and existence and retention have something to do with the transformative nature of the entire crypto field.

Meta unveils AI Research SuperCluster supercomputer, powered by NVIDIA A100 GPU and has 220 horsepower PFLOP

Metaverse: $ 8 Trillion Opportunity

Goldman Sachs made waves recently when it stated that there is market potential to address approximately the entire metaverse space $ 8 billion. For reference, US GDP has been quantified approx $ 23 billion in the third quarter of 2021. This means that metaverse-related initiatives are expected to generate value that represents about one-third of current US GDP! It is for this reason that Shiba Inu’s metaverse custom offering could be a decisive step.

Before you go any further, it may be wise to explain exactly what the term metaverse means. For all intents and purposes, the metaverse is simply a simulated digital environment that combines augmented reality (AR), virtual reality (VR), and a public ledger in blockchain form to create a rich platform for social interactions. Of course, Facebook or Meta as it is now known is credited for creating the first big buzz around the term a few months ago when the tech giant unveiled its his own vision of the future based on the metaverse. Since then, the space has seen a number of new entrants, with Shibaverse Shiba Inu now the latest metaverse – focused initiative.

What is the Shibaverse of Shiba Inu?

Readers should note that the Barns project (read the white paper) here) is not officially affiliated with the Shiba Inu developers. Instead, the project is being run by three people from the Shiba Inu community. The project will create virtual neighborhoods that match Shiba Inu’s key features, including the custom Shibaswap DEX token, its native Shibarium blockchain, and the decentralized ShibaNet token market. It aims to increase interest in Shiba Inu’s young community, as well as create an interactive education platform through Shiba Academy and Shiba Studio. Shibaverse will be powered by the ERC-20 VERSE signal with an initial supply of 1 billion coins. This indigenous base will be used to purchase real estate or lease commercial space in the metric, to purchase special editions from Shiba NFTs, free landposts, and play2earn power initiatives.

In our opinion

Shibaverse is not officially affiliated with Shiba Inu Project. This is a significant escape route that introduces significant risk to this mathematical motion. However, it can stimulate interest in the wider Shiba Inu ecosystem, creating a material utility in the process. As a major risk mitigation measure, the developers have apparently locked liquidity pool tokens, officially known as ShibaSwap LP tokens. burn them. Shiba Inu enthusiasts should check out this meticulous offer but watch out for the red flags soon.