Shiba Inu Announces Virtual Real Estate Project, Crypto LEASH Price Soars 40 Percent

JAKARTA – Shiba Inu has its own coin ecosystem consisting of LEASH and BONE. The LEASH coin saw a 40 percent increase in price after the developer announced plans to launch a virtual real estate project in the Shiba Inu metaverse.

Launching from Cryptopotato, in January, Shiba Inu was rumored to be entering the metaverse space but the development team did not reveal more details regarding the plan.

Now, Shiba Inu (SHIB) which is one of the most popular cryptocurrencies has officially introduced virtual real estate called Shiba Lands. Later, “the virtual land in the Shiba Inu metaverse will soon be available for purchase or auction, and this will be our first step towards enabling the community to jump into the metaverse before its full release!” write an announcement from the developer.

The developers are currently reportedly working on a queuing system designed to prevent gas war bots, and that will allow for exclusivity.

To do so, the system will require interested parties to hold LEASH tokens, which in turn will grant priority and exclusive access to the “first sale phase of land plots in our metaverse.”

In addition, the team is also working on what they call an “anti-dump system” aimed at protecting token holders. Once the exclusive sale process is complete, the remaining land will be cleared and made available to a wider audience.

Data report from Coinecko reveals that LEASH prices have skyrocketed 43 percent in the last 24 hours. At the time of writing, the LEASH price is trading at the level of Rp25,596,643.