Shiba Inu Enters the Metaverse as SHIB Price Recovers from Intraday Low

SHIB

Shiba Inu developers have announced a metaverse project

The official Twitter account of the Shiba Inu cryptocurrency has announced a metaverse project that will be centered around the coin’s ecosystem. 

The price of the SHIB token has recovered nearly 12% from the intraday low of $0.00001865.

An ambitious project

Aptly called “Shiberse,” it will offer the Shiba Inu community “an immersive experience.”

The ad was accompanied by a cartoonish image of a Shiba Inu dog holding a hammer in its teeth in the middle of a forest. A blurry version of the photo was posted by the Shiba Inu Twitter account last week to tease the community.

Details about the project remain scant so far, but devs promise to reveal more details soon.  

In a message posted on the official Shiba Inu community Discord server, ShibaSwap developer Eric M claims that Shiberse will be a place where different puzzles from the Shia Inu ecosystem (tokens, decentralized exchange, games) will come together.

He has commented that the name of the metaverse project hasn’t been finalized yet, urging users not to fall victim to scammers.

In another post, Eric writes that the metaverses are “here to stay”, adding that the community is the most important part of the new project.

An $800 billion industry?

The term “metaverse,” which denotes the convergence of digital and physical worlds,  became one of the hottest buzzwords in tech seemingly overnight after the social media giant announced a rebranding. Major companies, such as Walmart and Nike, are now jumping into the fray.           

Bloomberg Intelligence has estimated that the metaverse market could eventually reach $800 billion.

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