Land plots will be unlocked in phases
According to a announcement per the official SHIB Twitter account, the first step in selling the land in SHIB: The Metaverse could be ready to take off this weekend.
In a recent blog post, the Shiba Inu team revealed the details of its much-talked-about Metaverse project called SHIB: The Metaverse, which will consist of 100,595 plots of land.
Land plots will be unlocked in phases. During the introductory phase, the team will unlock 36,431 plots, which will be divided into four tiers (“Silver Fur”, “Gold Tail”, “Platinum Paw”, and “Diamond Teeth”). Pricing ranges from 0.2 ETH to 1 ETH depending on the tier, as the team said they want to choose a neutral token for pricing.
Further explaining the details of the land sale in SHIB: The Metaverse, the project states there will be three stages. The first stage, which is the bid event, marks the start of engagement with the first stage of phase release for SHIB: The Metaverse and its land sales.
The bid event is expected to last for three days, or 72 hours from its inception, and is the first access to certain plots of land. Prior to the three-day event, participants must lock their LEASH or Shiboshi NFTs, while all bidding will be made using Ethereum.
The second and third stages refer to the holder event and public sale for those who could not get early access. The holder event is expected to last for seven days and begins immediately after the bid event ends.
The final stage of the public sale is expected to take place after the first two stages, and participants will be able to purchase the remaining available land on the map, at a fixed price, and without the need to lock any SHIB ecosystem assets.
As previously covered by U.Today, Shibarium, the Layer 2 (L2) in which SHIB: The Metaverse will be developed, and SHI, the Shiba ecosystem is currently in development. Shibarium is reportedly in the Alpha phase and may soon be shifting into the Beta phase. The SHIB Burn portal might also be entering the final stages of its development.
