First stage of land sale in SHIB: The Metaverse, bid event, is expected to last for three days
As published on SHIB: The Metaverse’s Official Twitter handful, transactions topped the 4,500 mark just under 24 hours after the start of the bidding phase.
As covered previously by U.Today, the early access “bid event” for SHIB’s Metaverse has launched, with a new utility for Shib introduced.
SHIB will be used to add images and logos to the terrains. The function will also burn SHIB whenever the images are changed. SHIB will also be used to name or rename parcels of land, while burning SHIB whenever this is done, promoting a SHIB identity for the environment. SHIB will also be used to rent HUBS. HUBS are the most valued lands (blocked/reserved spaces) in all of space.
Shiba Inu dedicated ”shibainuart” also shared a countdown to the bid event.
The first stage of land sale in SHIB: Metaverse, which is the application event, is expected to last three days, or 72 hours, from its inception and will be the first access to certain land plots.
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, without needing to lock in SHIB ecosystem assets.
During the introductory phase for SHIB: The Metaverse, 36,431 plots of land will become unlocked while revealing portions of four different districts: Growth District, Defense District, Technology District and Currencies District. In total, SHIB: The Metaverse will consist of 100,595 plots of land.
