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Dogecoin founder tears into SHIB Metaverse, calls it a ploy to make more money with no utility

Posted on by admin
01
Apr
  • Billy Markus isn’t at all amused by Shiba Inu’s foray into the metaverse, saying that the developers aren’t adding any value to the project and are just out to make more money.
  • He further claimed that he made just $3,000 from making Dogecoin, a project that at one point was worth more than the biggest bank in Japan.

Shiba Inu has strived to drop the “just another memecoin” tag that was slapped on it from the beginning, and its foray into the metaverse is its biggest effort yet. The Shiberse, as the virtual world is known, comes with about 100,000 plots of virtual land that investors can buy, among other innovative things. However, not everyone is impressed, least of all Billy Markus, the founder of Dogecoin who described the latest move as a money grab by greedy developers.

Details on the Shiberse have been scant for months, but as CNF reported, it recently emerged that you can buy virtual land on the metaverse for between 0.2 to 1 ETH (and the details on how you can buy this land are laid out here).

But even as the Shiba Inu community celebrates the milestone, Markus has called out the developers for the move. Markus, as he so often does, took to Twitter to make his feelings on Shiberse known. He says that the Shiberse is adding no utility to the Shiba Inu project.

“…if people wanna give the devs even more money go ahead but if I was a shib holder I would be annoyed,” he further claimed, adding:

…[the developers]are raising 100-300 million additional dollars beyond what they’ve already made from making shiba. Hope it’s all worth it. good luck, people.

The Shiba Inu developers announced that they would not be relying on Shiba tokens for transactions on the metaverse to ensure there is no downside risk to these native coins.

“We will be introducing the first special role that Shiba Inu $SHIB will play in the Metaverse,” they said.

Once investors buy the virtual land, they can generate passive income, generate rewards among other benefits to be announced soon.

Markus further came out to defend himself over accusations that he has become ‘salty’ ever since he dumped his project, Dogecoin, and it went on to become a massive success. As he revealed, he made $3,000 total from his DOGE coins as he and fellow co-founder Jackson Palmer left the project years before it blew up.

At one point, Dogecoin had a market cap of $88 billion, which made it bigger than the biggest bank in Japan MUFG, e-commerce giant Shopify and US Bancorp, the fifth-largest banking institution in the US.

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