💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Shiba Inu Blacklists User For Drawing Swastika With Metaverse Land

Published 21/04/2022, 03:45
© Reuters.  Shiba Inu Blacklists User For Drawing Swastika With Metaverse Land

The Shiba Inu (CRYPTO: SHIB) team has blacklisted a user for drawing a swastika using land in the project’s metaverse.

What Happened: The first phase of buying land in Shiba Inu’s metaverse went live last week. Users that had locked their $LEASH (CRYPTO: LEASH) and $SHIBOSHI tokens could bid on the first 36,000 plots of land with Ethereum (CRYPTO: SHIB).

Whenever a user bid on a piece of land, the color of the square plot would change from grey to black. On April 15, Shiba Inu Discord members noticed that one user had bid on land in such a way that it formed a swastika.

After the discovery, the rest of the SHIB community quickly began bidding on land around the area and eventually changed the shape of the symbol.

The Shiba Inu team’s official response was to blacklist the user for “creating a negative environment” within the space.

“We will not tolerate the use of hate speech, displays of intolerance, or bigotry (through words, actions, symbolism, etc) at the discretion of the community moderation team,” the developers said in a statement.

“SHIB: The Metaverse will place the wallet identifying the violation on a blacklist, meaning it will never be able to participate in any and all areas of the platform."

While most members of the community appeared to support the developers’ decision to blacklist the user, others believed that the move went against the ethos of decentralization and free speech.

See Also: HOW TO BUY SHIBA INU COIN (SHIB)

Price Action: According to data from Benzinga Pro, SHIB was trading at $0.00002511, down just 0.05% over the previous day.

Photo courtesy: Shiba Inu Ecosystem

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.