Shiba Inu Team Shares Development Update of a Groundbreaking SHIB Project

Shiba Inu’s SHIB: The Metaverse project has received a much-anticipated update, courtesy of the project’s marketing lead, Lucie. This update offers a glimpse into the project’s ongoing development and plans.

A Sneak Peek at SHIB: The Metaverse

In a recent tweet, Lucie shared a brief video showcasing the progress of the development team. This teaser is intended to build excitement for a more substantial future reveal, hinting at potentially significant upcoming announcements related to SHIB: The Metaverse. While specifics remain under wraps, Lucie did suggest that TREAT, a new token within the Shiba Inu ecosystem, will play a central role in the project’s future.

TREAT Token: Multi-Purpose Functionality

TREAT is currently under development and is designed to serve several purposes within the Shiba Inu ecosystem. Last month, Lucie offered some insights into these functionalities. TREAT is expected to provide liquidity for the upcoming SHI stablecoin, while also replacing BONE as the official reward token for ShibaSwap, the Shiba Inu decentralized exchange (DEX).

In addition, TREAT will serve as a reward token for users participating in SHIB: The Metaverse and for players of the Shiba Eternity blockchain game, a collectible card game featuring Shiba Inu theming.

The official launch date for TREAT remains undisclosed, and the development team has repeatedly cautioned the community against scams involving TREAT; the token is not yet available for trading.

SHIB: The Metaverse – A Project in Progress

SHIB: The Metaverse is a much-anticipated project within the Shiba Inu ecosystem, and its launch is expected to be a major milestone for the project, potentially helping Shiba Inu move beyond its meme coin characterization.

Since its initial announcement in 2021, SHIB: The Metaverse has seen steady progress. In 2022, the project team conducted a successful sale of 100,595 plots of virtual land within the metaverse. Additionally, the team secured the expertise of Marcie Jastrow, a prominent entertainment industry figure, as an advisor for the project.

Concepts for various hubs within the metaverse have also been revealed, including Rocket Pond, Tech Trench, and WAGMI Temple.

The latest update from Lucie highlights the team’s continued dedication to developing SHIB: The Metaverse. The upcoming reveal promises to shed more light on the project’s features, functionalities, and the role that the TREAT token will play within the Shiba Inu ecosystem.

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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.