Shiba Inu’s Metaverse Real Estate Plans Sends Values of ‘LEASH’, a Token In Ecosystem Up By 44%

Shiba Inu metaverse plans have worked wonders on the ecosystem. For example, a token in Shiba Inu’s ecosystem, Leash, jumped 44% on metaverse real estate plans, reports Markets Insider. 

Dubbed as the DOGE killer, the token, ticker LEASH, is a part of Shiba Inu’s ecosystem. Its values jumped by an incredible 44% after developers revealed that they were developing a real estate metaverse.

In a blog post, details of the new project, which goes by Shibaverse, came to light on Tuesday. Developers said that the temporarily named venture will seek to introduce Shiba Lands, virtual properties inside Shiba Inu’s metaverse, with availability for purchase coming “soon.”

LEASH will be given priority

The labeled DOGE killer, which trades under the ticker LEASH, will be given priority and exclusive access to the properties. The remaining ones will be unlocked to the public.

New Blog: A METAVERSE Story that begins… with an update!

🏡 Introducing Lands, a queue system, and more!
🦮 $LEASH holders will be the first to gain access to Shiba Inu Metaverse Lands.

Read more… https://t.co/S758ClAbRC

— Shib (@Shibtoken) February 8, 2022

The developers said in a Blog Post, “The metaverse is set to be one of the biggest areas within crypto for many to enjoy, while others will produce content and developers will set up shops within using it as another great resource to offer crypto communities incentivization, content, and regular royalties,”

According to the last figures, Shiba Inu has the 4th largest trading volume in the previous 24 hours, only less than BTC, ETH, XRP. LEASH surged and was trading at $1,775 as of 9:56 a.m. ET on Wednesday based on data from CoinMarketCap. It constituted a surge of 41%.

The canine-based meme coin, which rubs shoulders with DOGE, the other canine coin, is ranked 2,833 by market valuation though it is unclear what the maximum circulating supply is. Besides LEASH, there are two more cousins in the Shiba Inu ecosystem – bone shibaswap (BONE) and Shiba Inu (SHIB).

Shiba Inu’s developers are now inching into a market that has until now been dominated by Sandbox and Decentraland. As a result, their tokens have ballooned into billions of dollars based on market capitalization.

According to Greyscale, the largest crypto-fund manager, metaverse could proliferate and generate $1 trillion a year in revenue from advertising, digital events, and more.