[ccpw id="39382"]

HomeCrypto NewsMarketShiba Inu Team Drops Major Update, Project Advancements Revealed

Shiba Inu Team Drops Major Update, Project Advancements Revealed

Date:

Written By:

Follow TheCryptoBasic

Shiba Inu marketing lead Lucie shares a sneak peek into SHIB: The Metaverse, highlighting ongoing progress and future updates of the project.

Lucie has provided an update regarding SHIB: The Metaverse, Shiba Inu’s metaverse project.

In a recent tweet, Lucie shared a short clip showing the progress made by the vibrant team of developers working on the project. She expressed excitement for the next preview into SIB: The Metaverse while hinting at major plans that could be unveiled in subsequent updates.

- Advertisement -

 

Although Lucie did not elaborate on the so-called big plans, she hinted that TREAT, an upcoming Shiba Inu ecosystem token, could be a major part of the plan for SHIB: The Metaverse.

As expected, the development stirred reactions among Shiba Inu enthusiasts, with some users predicting that the project could be the best metaverse in the world.

Lucie Highlights TREAT Functions

Notably, the TREAT token is being developed to perform multiple functions. Last month, Lucie highlighted some functions of the multi-purpose token.

According to Lucie, TREAT will provide liquidity to the upcoming SHI stablecoin and replace BONE as the official reward token for ShibaSwap, Shiba Inu decentralized exchange.

Additionally, users of SHIB: The Metaverse and players of the blockchain version of Shiba Eternity, a Shiba Inu-themed collectible card game, will also earn rewards in TREAT.

The team has yet to disclose an official launch date for TREAT and has consistently warned the community to be cautious and avoid falling prey to scammers who claim that the token is available for trading.

Ongoing Developments for SHIB: The Metaverse

In the meantime, SHIB: The Metaverse is one of the projects expected to launch within the Shiba Inu ecosystem. The project’s upcoming launch would play a pivotal role in helping Shiba Inu shed its meme coin title.

Since its introduction in 2021, SHIB: The Metaverse has recorded a series of developments. In 2022, the team launched the sale of 100,595 plots of land featured on the metaverse project. It also appointed top entertainment expert Marcie Jastrow as the project’s advisor.

The development team has revealed different concepts for the metaverse hubs, including Rocket Pond, Tech Trench, and WAGMI Temple. Although part of the project was expected to open by the end of 2023, it is unclear whether users were granted partial access to SHIB: The Metaverse as promised.

DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

More from Author

Latest Stories

Here is Key Support XRP Price Must Hold for a Potential Reversal

XRP must hold a critical support for a potential pullback amid massive liquidation events. XRP's daily chart tells a tale of sharp swings and trader...

Where’s Dogecoin Headed as Whales Accumulate 4.72B DOGE in Two Weeks?

Dogecoin sees increased whale activity, signaling potential upward movement. Where is DOGE Headed? The state of the cryptocurrency market during this writing appears calm, with...

Bitcoin Near $97,000 as Analyst Revisits 2022 Buy Zone Call – Is Now the Best Time to Buy?

Bitcoin dips to a six-month low after recent highs as crypto analyst Income Sharks reexamines a 2022 sub-$20K buy zone chart. Bitcoin is trading at...

Analyst Sees $160K–$170K Top Within Six Weeks as “Golden Curves” Model Flashes Peak Signal

Bitcoin could be heading toward a new all-time high between $160,000 and $170,000, according to market analyst Bitcoin Teddy. The analysis cites the “Diminishing Golden...

Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3

Market data shows that Ethereum, the king altcoin, has dramatically closed in on Bitcoin's annual performance following Q3 gains. Ethereum has nearly matched Bitcoin's annual...

Citibank Predicts Bitcoin to Hit $231K, Ethereum $7.5K in Months

Global banking giant Citibank has released new 12-month price targets for the world’s two largest cryptocurrencies — Bitcoin and Ethereum.  In a fresh report, Citibank...

Here is Key Support XRP Price Must Hold for a Potential Reversal

XRP must hold a critical support for a potential pullback amid massive liquidation events. XRP's daily chart tells a tale of sharp swings and trader...

Expert Says 12 XRP ETFs Could Bring in $2.94B in a Day: Here’s How

A market commentator has detailed how 12 XRP ETFs could bring in nearly $3 billion if they matched the Canary Capital ETF's strong debut...

Analyst Spots Potential Shiba Inu 150% to 500% Moves

Shiba Inu is approaching a major support level that an analyst says could set the stage for a significant bullish move. A TradingView crypto analyst,...

Shiba Inu Setting for Breakout Above 200EMA Line as SHIB Buyers Build Momentum Near Lows

Shiba Inu (SHIB) price is pushing hard for a possible breakout above its 200 EMA line, fueled by the rising accumulation of SHIB by...

Expert Says Dogecoin is Ready for Historic 2,725% Rally, Shares Targets

Historical patterns suggest that Dogecoin (DOGE) may be positioning for a major rally, with a popular expert setting price targets as high as $5. This...

Dogecoin Is Following Its First Cycle—Here’s the Target

Dogecoin is showing similarity with its first full bull cycle, and a full mirror could send the meme coin surging to unprecedented prices. October ends...

Guides