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Shiba Inu coin recently announced its plans to join the metaverse through the launch of Shiberse. This was made public on its social media page by releasing an image of a Shiba Inu dog with a bone in its mouth.
In the announcement, they also indicated the launch date is 2022. However, there was no specificity on the date.
This development does not come as a surprise because Shiba has given several signs before on their plans to join the metaverse.
Initially, the announcement was on the launch of metaverse games also known as Shiboshi.
What is Metaverse?
Metaverse has become the new frontier in the digital space with major networks to get an early market niche. It helps bridge the gap that exists between the physical and virtual space.
Both centralized networks such as Meta and decentralized networks such as sandbox and Decentraland are already having similar projects.
There has been an explosion of investors buying property in metaverse running into millions of dollars. An indicator the market is getting attractive by the day.
Effects of Shiberse on the Price of Shiba Inu Coin
There is a growing market expectation Shiberse will play a key role in boosting the price of the Shiba Inu coin.
It will be a booster at a time when Shiba has been of red since hitting an all-time high late last year. Currently, the coin is trading at $0.000022 from the highs of 0.000088.
With the Shiba having a fanatic following known as SHIBARMY, they will be key in driving the uptake and usage of Shiberse.
Although the announcement was made, the delivery date is not clear. Hence, the reason why there has been no key change in price movement.
It is also not clear what Shiberse will focus on, however, some analysts predict it could enable investing in the metaverse real estate.