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HomeCrypto NewsMarketShiba Inu to Launch Official SHIB Burning Portal, 99,000 Plots of Shiba Metaverse Land & More

Shiba Inu to Launch Official SHIB Burning Portal, 99,000 Plots of Shiba Metaverse Land & More


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Following the AMA session held today, Shiba Inu has disclosed a number of significant updates that will be unveiled in the near future. 

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According to the ShibaGuruAMA, today that was hosted by Watcher Guru and attended by top Shiba enthusiasts like Discord Mod Queenie and game developer William Volk, Shiba Inu lead developer Shytoshi Kusama.

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The Shiba Inu team said it will be launching a burn portal for SHIB that will ultimately reduce the cryptocurrency’s total supply. According to the team, the burn portal will be featured in the upcoming ShibaSwap 2.0. 

While Shiba Inu urged the SHIBArmy not to expect 90% burn for the 1 quadrillion SHIB total supply, the team said the upcoming initiative will further improve the utility of the dog-themed cryptocurrency. 

“We want to make the burn rate grow with the utilization rate of the platform. So if you think about it, this is kind of a new utility. It’s about getting the supply slowly reduced as you use the platform,” the Shiba Inu team noted. 

Shiberse Upcoming Land Sale

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As part of its upcoming initiatives for Shibarmy, the team further disclosed that it will be launching 99,000 plots of landed properties in Shiberse, Shiba Inu metaverse, which is tipped to feature several real estate properties. 

Per the announcement, a total of 35,000 pieces of land will first be made available in phase one for $Leash holders, while the other plots of land will be released in subsequent phases for everyone. 

Notably, the land sale will utilize a bidding system, with prices ranging between 0.2 ETH and 1 ETH. The closer the property is to the dog park, the more expensive the land will be sold, Archangel commented. 

Nonetheless, the pricing of the lands have not been revealed and will be out only during the 10-day land event. Shiba Inu’s Metaverse will include transaction options of the whole ecosystem- SHIB, BONE & LEASH.

The maximum a ‘wallet’ can purchase is 100 plots with a 10 by 10 land. To purchase lands in the Metaverse, Shiberse, you need to pay in Ethereum. Leash allows access only to early bidding but investors need to pay in ETH to purchase lands. Also, Shiboshis will get 2000 lands that will be exclusively reserved for the Shiba Inu NFT Holders.

Shiba Inu Game

Volk, during his speech, reiterated that the upcoming Shiba Inu game will not be like the regular card game people are used to. 

”I want to make it clear this is not just a clone of an existing game. Collectible card games are really kind of unique. Something that is very interesting about it is that it has a very sustainable economy. It includes both the mobile and blockchain game,” Volk added. 

Not planning to give the community details of all upcoming initiatives, Queenie disclosed that Shytoshi Kusama, Shiba Inu pseudonymous founder, told her that an important announcement that will be remembered forever will be made in the coming days. 

Shiba Inu Continuous Development 

Shiba Inu has been delving deeply into the decentralized ecosystem, as the team behind the project continues to create more utility for the cryptocurrency. 

Despite being initially created to overthrow the first dog-themed cryptocurrency Dogecoin (DOGE), Shiba Inu has shown the world in the last couple of months that it is no longer a memecoin, and has constantly rejected the title. 

In the last couple of months, Shiba Inu has launched its non-fungible token (NFT) dubbed Shiboshi, a decentralized cryptocurrency exchange named ShibaSwap, among others. 

The project is also developing Shibarium, a layer 2 blockchain that will host all of its numerous projects, including SHIB, Shiboshi, ShibaSwap, and Shiberse. 

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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