Shiba Inu Blasts into the Metaverse

The tech niche has really come a long way in the last few years and with growing applications for AI and VR, and the way users are interacting with the software and services around them, there are some interesting developments on the horizon. One of the biggest names generating a buzz in these industries right now is the Metaverse – and this could potentially revolutionise the way we shop, make friends, date and even do things like go to the gym. Let’s take a look at what both the Metaverse and Shiba Inu are, to see how exciting this collaboration could potentially be.

Cryptocurrency – illustrative photo.

What is the Metaverse?

The Metaverse is set to be the world’s first digital space that is going to combine augmented and virtual reality capabilities with advanced internet and semiconductor technologies that will develop a 3-D environment where users will have the ability to indulge in lifelike scenarios, all while interacting online.

While this may sound reminiscent of The Sims, the concept has been widely accepted and excitement is growing at every mention. Private capital invested is steadily increasing every year, with over $10 billion raised for Metaverse-based companies in 2021 and over $65.5 billion by the end of 2022. It seems that Shiba Inu is well aware of this potential and is aiming to not only host its own products right here, but expand its reach into innovative new territories as time goes on.

What Is Shiba Inu?

Just as the tech world is evolving, so too is the crypto environment – and the two are crossing over more and more seemingly every month.

Meme coins were introduced just a few short years ago as a tongue-in-cheek way to poke fun at the big names like Bitcoin, and industry rival Ethereum couldn’t pass up the opportunity to get in on the action. As a result, Shiba Inu was born and in an unprecedented turn of events, it quickly gained traction as a rival for the widely popular altcoin Doge.

Fintech enthusiasts go crazy as the Metaverse and SHIB collide

Many businesses are seeing the profit potential of offering goods and services via the Metaverse and Shiba Inu has thrown its hat into the ring by offering Shiba Land plots that fans can buy in the virtual world. Values in both the Metaverse and Shiba Inu price predictions have seen an increase with the collaboration, so it is certainly looking to be a smart move.

Under the placeholding moniker of Shibverse, a select few users can now get involved with some fun virtual real estate, before more plots of land will be unlocked in the future. Right now, users will need $LEASH or $ETH to male land bids and purchases – and this can only be done via the Ethereum blockchain