Mon. Jul 4th, 2022

The ecosystem Shiba Inu (SHIB) It wasn’t just about memes. Despite being born from a meme, SHIB intended to expand its use cases. With the start of the metaverse, a variety of platforms around the world dove into it. The SHIB network decided to implement their own metaverse for the Army. Shibaverse made its debut earlier this month and the public sale event recently got off the ground. Plots in the Shiba Inu metaverse could initially only be acquired by block and bid. Now as part of the public sale, everyone could shop without having to lock up. However, the requirement for a MetaMask wallet was mandated. During the metaverse launch, the Shiba Inu network suffered an immense backlash. This was due to the network’s decision to allow the purchase of land with LEASH. The Shib army was puzzled as to why there was minimal use of SHIB in their metaverse. After a series of criticisms, the network claimed that users would soon be able to pay with SHIB as well. The Shiba Inu land sale is undoubtedly a great success. In just one week, the network managed to rack up nearly $20 million in land sales. In addition, the public sale is expected to bring more capital to the network.

Shiba Inu continues to emerge as an ETH whale favorite

The Ethereum whales (ETH) they seem to have immense expectations for Shiba Inu. The altcoin has been one of the top picks for these whales for several months now. WhaleStats even revealed that Shib was the most held token by the top 100 ETH whales.

Furthermore, with a number of developments at bay, Shiba Inu he was still enduring a delicate depression. The altcoin was trading at $0.00002429 down 0.26% in the last 24 hours. Throughout the week, the meme coin fell almost 6%. Disclaimer: The information found on CryptoReport is that of the cited writers. It does not represent the opinions of Criptoinforma on whether to buy, sell or hold investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See the Legal Notice for more information.

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By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on wttspod.com for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.