Since the rebranding of the infamous Facebook to Meta, the exploration of the metaverse space has been huge! From buying land to huge fashion houses like Tommy Hilfiger, Dolce&Gabbana exploring the metaverse as a space to host fashion shows to world-famous artists like Justin Beiber and Snoop Dogg hosting musical concerts, the metaverse space has been busy! With so much happening it was only a matter of time when tokens start to provide their own ‘land’ to their investors!
To mention a few of the well-versed metaverse iterations; are the merger of virtual and real locations along with virtual economies. The rising need for immersion has propelled the growth of metaverse along with the advancement of virtual reality technologies.
Let us take a dive into the newly launched SHIBA Land in the metaverse.
What is SHIBA Metaverse?
The Shiba Metaverse is a virtual world hosted by Shib.io where the characters or avatars will be able to mimic a real-world vibe and ‘live a life’ there. The main goal of the metaverse is to create a virtual environment as similar to the real world as possible; where users can enjoy, discover, and play. According to some reports, the SHIBA Metaverse will create a space where the avatars can not only study but also work at a job and attend events in this Metaverse.
The Metaverse will be the first such virtual world enabling education, entertainment, shopping, and research for the avatars.
The most interesting factor of Shiba Inu Metaverse is that its members can lease, sell or buy virtual land which is also called Shiba Land. Once the land is purchased, the user will have it in the form of an NFT which they can rent to other players or businesses.
Apart from living a life in the SHIBA land, the characters can also buy and earn NFTs! Crypto tokens such as BONE, LEASH, and SHIB are available and can be used in the SHIBA Metaverse.
Did you know? The Shiba Land is not related to the Shiba Inu token!
Additional Read: How to make money in the Metaverse
How to buy Shibaland in Metaverse
Similar to buying lands in the real world, buying land in the SHIBA Metaverse also requires money; but in the form of crypto tokens. The fastest way to acquire land in the SHIBA Metaverse is by holding LEASH tokens. These will be considered first when the auction starts.
According to Eric M, one of the developers of Shibaland, the landowners can lock as high as 5 LEASH tokens for a period from 45-90 days.
How much does it cost to buy a SHIBA Land
The land on SHIBA Metaverse has been separated into groups based on their accessibility and location. The following are the prices:
|Tier Number||Name||Number of Acres Available||Cost per acre|
|Tier 4||Silver Fur||17,030||0.2 ETH|
|Tier 3||Gold Tail||7,356||0.3 ETH|
|Tier 2||Platinum Paw||5,714||0.5 ETH|
|Tier 1||Diamond Teeth||2,024||1 ETH|
Top 4 things to do in SHIBA Land
Since the launch of Shibaland, interested individuals have been busy exploring what options they have in this new inclusion to the Metaverse! Here is a compiled list of the top 4 things you can do.
- Virtual Land: Just as in real life, as a city is developed by city planners, lots are plotted and districted and then submitted for approval. This is how things work in the Metaverse as well. Once approved, the parcels will be registered on blockchain. Once our architects and developers have plotted and districted Shiba Land, the plans will be submitted to the Shiba Land Marketplace for Community Members to view. There, Members will be able to see the size and price of each plot and what district it is located in. Then, Members will be able to purchase the lot of their choosing.
- Advertising: There will be numerous spaces for Shiba Land Business Members to be able to advertise their business to the Shiba Land Community. There will be spaces within the mall along key paths where businesses can lease space to be seen by those who walk by. There will also be park benches, billboards and for the serious investor, the side of buildings will also be optioned in key places downtown.
- Entertainment: There will be an Entertainment District in Shiba Land. This part of the city will host all your favorite entertainment venues. There will be movie theaters with the newest releases, art galleries with the hottest NFT inside, even small music clubs where you can enjoy intimate performances from your favorite artist or maybe catch a show by an aspiring unsigned act. Comedy clubs, we haven’t forgotten about them either. This will be one of the hottest districts in Shiba Land!
- For Business: The Business District will offer a variety of opportunities to the Business Community that looks to provide their goods and services to the virtual world from the real one in real-time. There will be a mix of sleek office buildings filled with Doctors, Lawyers, Accountants, and other business specialists. Shiba Land Members will also find a Shopping Mall housing all the best items that you can view, cart and purchase from a variety of stores in the Metaverse but where your goods are delivered to you at home in the real world. This will be the best of E-Commerce meets Metaverse in 3D.
Note: Only paying members are eligible to buy lands in SHIBA Metaverse
Additional Read: How to play and earn with Axie Infinity
3 reasons to explore the Shibaland Metaverse
Experts are of the opinion that due to the increasing interest in the Metaverse space, and principles of scarcity and supply and demand are the foundations of economics, it might be an interesting area to explore for interested investors. Here are the top 6 reasons why you should explore what SHIBA land has to offer.
- Reason 1: Lands in the Metaverse are scarce and they may also be controlled or manipulated.
- Reason 2: The Metaverse’s economic paradigm is based on contemporary real estate. In actuality, land in a desirable city location can increase in value over time. You are able to create your territory to be exactly what you desire in the metaverse.
- Reason 3: What you want to do with the land depends on you. You can build a spectacular home that can also serve as a company, or you can build a small cottage in the woods.
Now that you have taken a walkthrough of all the possibilities that SHIBA Metaverse has to offer, visit the shib.io and experience all that this new inclusion in the Metaverse has to offer! To explore 100+ crypto tokens in the largest crypto exchange in India, visit CoinDCX.
Explore and learn about the emerging asset class, Metaverse at CoinDCX Blog.
Additional Read: Best Metaverse Projects 2022