Wednesday, August 10, 2022
Home Crypto News Market Dogecoin Founder Blasts Shiba Inu Developers Over Shib Metaverse Land Offerings

Dogecoin Founder Blasts Shiba Inu Developers Over Shib Metaverse Land Offerings

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Dogecoin (DOGE) Founder Blasts Shiba Inu (SHIB) Developers Over Metaverse Land Offering.

Shibetoshi Nakamoto, the pseudonymous founder of Dogecoin (DOGE), has slammed Shiba Inu (SHIB) developer for trying to rip the token’s holders by offering its virtual reality land. 

Commenting on a recently published announcement about how Shiba Inu holders can purchase the more than 100,000 offered in the Shiberse, the Dogecoin founder said the initiative is not adding utility to the dog-themed project, instead, he thinks it is just a plot to rip the SHIBArmy of their funds. 

“How is making a random metaverse and selling fake land with Ethereum adding utility to their project? 100000 land at .2-1 ETH each => they are raising 100-300 million additional dollars beyond what they’ve already made from making shiba. I hope it’s all worth it. good luck, people,” Dogecoin creator tweeted


Yesterday, Shiba Inu developers disclosed details of its virtual reality land dubbed SHIB: The Metaverse. The team announced 100,595 plots of land, which will be unveiled in phases, with prices for the land in the introductory stage ranging from 0.2 ETH to 1 ETH. 

The pseudonymous founder of Dogecoin, who has always aired his views on different topics happening in the crypto industry, did not seem comfortable with the development, prompting him to blast the developers on his Twitter page. 

He further said:

“I mean whatever if people wanna give the devs even more money go ahead but if I was a shib holder I would be annoyed.”

He also criticized the passive income idea of Shiba Inu metaverse and said that is Shib looking to register as security with SEC:

“Land buyers will be able to generate passive income” Are they planning to do KYC and register it as a security with SECGov?”

Dogecoin v. Shiba Inu Competition 

Dogecoin, which launched as the first memecoin in 2013, has dominated the meme crypto market for more than seven years. 

The cryptocurrency also wooed Elon Musk, the owner of the American electric car company, Tesla, to support the project. 

However, Dogecoin’s dominance dropped significantly following the launch of Shiba Inu, a cryptocurrency described by its community as the ultimate “Dogecoin Killer.” 

Last year, a number of comparisons were made between the two memecoins, prompting the Shiba Inu team to launch significant projects in its efforts to tell the world that it is more than a meme coin

The team behind Shiba Inu has delved into several crypto niches, including non-fungible tokens (NFTs), stablecoin, media, and the metaverse. 

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Bernnan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.


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