Shiba Inu coin owners are now buying their way to the Shiba Inu metaverse through selling multiple plots of Shiba land. Shiba Inu developers have announced that the protocol behind the popular meme coin will soon offer plots of virtual land in an upcoming Shiba Inu metaverse.
The sale of the digital lands will be in two phases. The first phase will last 10 days, in which 35,000 digital lands will be available for bidding and purchase only to LEASH token holders.
After the first phase is finished, the second phase begins, where the rest of the digital lands will be released in stages to the public.
How to buy Virtual plots?
The developers of the meme cryptocurrency are planning a 10-day sale of digital land in the up and coming “Shibverse” metaverse. This was announced during a Twitter Space session held on Wednesday.
These 35,000 plots represent only a fraction of the total of 99,000 plots that will make up the Shiba Inu metaverse when it is completed.
Prices will vary depending on the location of the land. Some plots of land will be more expensive than some. Shiba Inu lands that are much closer to the dog park, for example, are said to cost more in price.
A crypto YouTuber, ArchAngel, stated that users who have the highest locked amounts of Shiba Inu leash token will be able to bid on the largest plots of land available for purchase.
The first phase of selling will include the bidding of the 35,000 plots of land. LEASH token holders will get to buy the land first.
The price of land on Shiberse is set to vary according to its location, with land closer to the center of the park – a dog park at the center of the cryptocurrency’s metaverse – costing more.
LEASH token holders are set to be given early access to the plots of land through a dedicated portal through which they can buy land. Users must lock their LEASH holdings to be able to access the sale, with the lock-in period being shorter if they lock up more tokens.
Those with the highest locked amounts are set to be able to bid on the largest lots of land. Per ArchAngel, a cryptocurrency YouTuber that works on Shiba Inu, locking 0.2 LEASH will allow users to buy a 1×1 piece of land, while locking 5 LEASH will allow for the purchase of a 10×10 land.
While tokens need to be locked to bid on the land, they cannot be used to purchase it. Instead, the land will be sold for Ethereum’s native $ETH token, and will cost between 0.2 ETH and 1 ETH, depending on location.
A second batch of land will be available to the public and not just LEASH holders, also priced in ETH.
