The Shiba Inu team has announced that has recently announced that land can now be purchased with the Shiba Inu token in SHIB: The Metaverse.
According to the report, SHIB is activated for land minting on the Shiba Inu metaverse based on the community feedback.
The new development was announced via a tweet a couple of hours ago. In the tweet, the team shared the details of minting land with SHIB in the Shiba Inu metaverse.
Shiba Inu team tweeted, “New minting option has been released on shib.io! Mint lands with $SHIB! Minting with $SHIB Details: 0.2 ETH equivalents in $SHIB, 0.3 ETH equivalents in $SHIB, 0.5 ETH equivalents in $SHIB, and 1 ETH equivalents in $SHIB.”
New minting option has been released on https://t.co/f2oLn05qWk!
Mint lands with $SHIB!
— SHIB: The Metaverse (@ShibTheMV) May 4, 2022
The Shiba Inu team previously announced the details of a new SHIB utility in SHIB: The Metaverse. SHIB will be utilized to add pictures and logos to land plots. When the pictures are changed, the feature will also burn SHIB.
SHIB can be used to name or rename land plots while also burning SHIB each time, giving the environment a SHIB identity. SHIB will be utilized to lease HUBS as well. The most valuable lands in the entire space are HUBS.
It said that SHIB burning and renaming would be available during the public sale stage and that the community would be notified when the functionality becomes available.
Shiba Inu recently announced the commencement of the third stage of the SHIB: The Metaverse land sale, which is a public sale event. This marks the last stage of the introductory phase of land sales in the Metaverse. Everyone will be able to acquire the remaining accessible lands on the map at a preset price during the open public sale event, without having to lock any of their ecosystem assets.