Shiba Inu Launches Metaverse Project; SHIB Price Surges 14% Over Past Week

Despite the backlash it receives from cryptocurrency analysts, the Shiba Inu meme coin continues to make a loud noise, and on March 30, it revealed additional details regarding its own metaverse, which will be appropriately named SHIB.

The project currently has more than 3 million followers on Twitter, which the development team attributes to a new degree of achievement.

The team says that by launching its own metaverse venture, it will help position Shiba Inu for advancement.

Shiba Inu Marks Territory In The Metaverse

SHIB: The Metaverse is a virtual world with about 100,595 plots of virtual land and four unique districts.

In a tweet, SHIB said:

“We would like to extend a warm welcome to SHIB: The Metaverse. An immersive experience that has the potential to expand into a large setting in which the Shib Army may learn, share, and benefit.”

In a blog post captioned in the announcement, the Shiba Inu team describes SHIB: The Metaverse as the fulfilment of the community’s history, visually portrayed in a layer of stunning graphics that highlight its inventiveness and cohesion while providing a place to call home.

Using the name “SHIB: The Metaverse” to honor the Metaverse would not only establish the project’s identity, but it would also allow the community to focus on its basic ideals.

SHIB Price Action

As this developed, the profitability of the second-largest meme cryptocurrency, Shiba Inu (SHIB), has climbed to 46% from 35% earlier in March, according to IntoTheBlock data.

The meme coin is currently trading at $0.000027, down from March 28 peaks of $0.0000296. SHIB has increased by 14% in the last week, according to CoinMarketCap data.