Investing.com UK - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Shiba Inu Metaverse Launches Today: What's In Store?

Published 13/04/2022, 09:45
© Reuters. Shiba Inu Metaverse Launches Today: What's In Store?

The Shiba Inu (CRYPTO: SHIB) team announced that the land bid event for its metaverse would launch in a few hours.

What Happened: “The Metaverse launches today,” stated an update from the official Shiba Inu Twitter Inc (NYSE: NYSE:TWTR) account earlier today.

The team stated that the land bid event “will officially launch in a few hours.” In order to participate, users will have to lock their $LEASH and $SHIBOSHI tokens and be prepared to make bids with Ethereum (CRYPTO: ETH).

As per an announcement on April 9, the bidding event was originally supposed to go live over the last weekend.

“We appreciate your support and patience while we ran into a little delay, we’ve made all the necessary verification processes and are excited to launch in a few hours,” stated the Shiba Inu team today.

The team also introduced new utility for SHIB in its metaverse. Users will be able to burn SHIB every time they add pictures, logos, or rename their land plots.

The token can also be used to lease “HUBS” or the highest valued lands in the entire space.

SHIB’s metaverse launch announcement comes shortly after it was finally listed on Robinhood (NASDAQ:HOOD) Markets Inc’s (NASDAQ: HOOD) trading platform.

Price Action: According to data from Benzinga Pro, SHIB was trading at $0.0000266, gaining 20% over the last 24 hours.

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

Read the original article on Benzinga

Latest comments

Install Our App
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.