Why Ethereum Could Be A Big Winner With The Shiba Inu Metaverse

shiba inus (SHIB 1.36% investors needed something to breathe new life into them. You’d think big news about the upcoming Shiba Inu metaverse would. But that wasn’t the case.

Last week, the Shiba Inu development team made an important announcement about plans for the Shiba Inu metaverse, and the meme coin has barely moved.

However, Ethereumthat is (ETH 1.67% native ETH token has resuscitated the following days. Chance?

Maybe, but maybe not. In fact, Ethereum is about to become a big winner with the Shiba Inu Metaverse. This is why.

A surprise in the SHIB Metaverse

A post on the Shiba Inu Ecosystem Blog on March 30 featured “SHIB: The Metaverse.” Several details of the upcoming Metaverse have been revealed, including some about the digital real estate that will be available for purchase.

The Shiba Inu Metaverse will consist of 100,595 plots of land. At the start of the development, 36,431 lots will be unlocked in four districts: growth, defense, technology and currency. There will also be four levels of ground, each with a different prize.

Now for the surprise: participants will not buy land in the Shiba Inu metaverse with SHIB tokens. They will not use the new Shiba Inu ecosystem LEAVE ALONE True BONE tokens to buy land as well.

Instead, all plots must be purchased with Ether tokens. The lowest level, called “Silver Fur”, costs 0.2 ETH. The third level “Gold Tail” costs 0.3 ETH. The second level “Platinum Paw” costs 0.5 ETH. And the highest level “Diamond Teeth” costs 1 ETH.

Spelling with three dice

Image source: Getty Images.

Why ether?

The Shiba Inu development team expected that the decision to go with Ether would cause some consternation. They gave a reason for the move, saying, “As we will use the money raised to pay for Metaverse development, [the] the team has [sic] decided to use a neutral coin that can be sold in stablecoins to pay for all resources.”

However, that was not the only explanation. The team added: “Using our ecosystem tokens is a risk because we would have to delete our own tokens [sic] cash them in! And that is far from our plans.”

Because of this, some still wondered why in the world the Shiba Inu metaverse would not use Shiba Inu tokens as their primary currency. But if SHIB, LEASH or BONE are not used, Ether is the logical alternative.

Shiba Inu is built on top of the Ethereum blockchain (just like many other cryptocurrencies). Using Ether means that the Shiba Inu metaverse doesn’t have to introduce a completely foreign token into its ecosystem.

If the Shiba Inu metaverse really takes off, Ethereum could be a big winner. Anyone who wants to buy land in the metaverse must first purchase Ether tokens. A high buy level would create upward pressure that could push the price of Ether up.

More surprises on the way

The post on the ShibaSwap blog also said “2022 will be a year full of surprises”. He then went on to mention some developments: the launch of the Shibarium layer-2 solution and a stablecoin of the Shiba Inu ecosystem.

These implementations come as no surprise, as Shiba Inu supporters are already anticipating both. However, the Shiba Inu developers added: “Stay tuned for what’s next, we’re ready to shock everyone with new features and new ways to take $SHIB to areas that should bring new heights in assets.” .”

The best surprise for Shiba Inu investors would be the one that lights a fire under the meme coin. But it seems that investors should indeed “stay tuned.”

This article represents the opinion of the author, who may disagree with the “official” endorsement position of a high-end consulting firm Motley Fool. We are heterogeneous! Challenging an investment thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.

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