Shiba Inu network tokens have surged more than 40% after its developers announced that the protocol would offer virtual lands in the upcoming metaverse.
Shiba Lands would be located in the Shiba Inu metaverse and will be available for action and purchase using LEASH tokens.
The protocol plans to unveil a queue system set for the Shiba Lands sales event. Users would be added to the queue depending on the amount of LEASH they hold. The system is designed against opportunistic bots that can shortchange investors.
Shiba Inu developers note that metaverse would be a huge opportunity for incentives, royalties, and content in the cryptocurrency space.
LEASH, which has 107,647 minted tokens, has surged about 46% in the past day. SHIB has dropped slightly after rising 40% currently trading at $0.000033.
Metaverse enables users to interact in a virtual universe and has gained popularity lately. Metaverse-based coins have also seen a surge in market valuation.