Shiba Inu Enters The Metaverse As SHIB Price Recovers From Intraday Low
Shiba Inu developers announced a metaverse project
The official Twitter account of the Shiba Inu cryptocurrency has announced a metaverse project which will be centered around the coin’s ecosystem.
The price of the SHIB token has recovered nearly 12% from its intraday low of $0.00001865.
An ambitious project
Appropriately called “Shiberse”, it will provide “an immersive experience” to the Shiba Inu community.
The announcement was accompanied by a cartoonish photo of a Shiba Inu dog holding a hammer between its teeth in the middle of a forest. A fuzzy version of the photo was published last week by the Shiba Inu Twitter account to tease the community.
Details about the project remain scarce so far, but the developers promise to reveal more details soon.
In a post on the official Discord server of the Shiba Inu community, ShibaSwap developer Eric M claims that Shiberse will be a place where different puzzles of the Shia Inu ecosystem (tokens, the decentralized exchange, games) will come together.
He has noted that the name of the metaverse project is not yet finalized, and urges users not to fall victim to scammers.
In another post, Eric writes that metaverses “stay here”, adding that the community is the most important part of the new project.
An $800 Billion Industry?
The term “metaverse,” denoting the convergence of digital and physical worlds, became one of the hottest buzzwords in technology, seemingly overnight after the social media giant announced a rebrand. Big companies, such as Walmart and Nike, are now jumping into the fray.
Bloomberg intelligence has estimated that the metaverse market could eventually reach $800 billion.