The Shiba inu crypto project team released a gift for $SHIB token investors with the launch of “The Metaverse” project.
Shiba Inu is a popular meme Cryptocurrency token, after Dogecoin ($Doge). In 2021, this meme crypto token came to light following a statement by Tesla CEO Elon Musk regarding his love for dog pets.The current trade price of this meme crypto token is $0.00002299 & this price level is 9.5% down over the last 7 days of trading period.
The current trade price of $Shib token is $0.00002299 pic.twitter.com/2OcqPMeS0C
— Bitcoinik (@Bitcoinikdotcom) December 25, 2024
Notably, the trade price of this Cryptocurrency faced a significant struggle in the last 30 days despite bull sentiments in the crypto market.Now, the bull sentiments for this Dogecoin rival are at a better level, as a new long-term under-development project has launched successfully.
On 25 Dec 2024, On the occasion of Christmas Eve, the Shiba Inu project team announced the successful launch of “The Metaverse”.The Shiba Inu team said that the long wait has been over & now people can access the virtual world of Shiba Inu’s Metaverse.
The wait is OVER! Shib: The Metaverse early access is here! ⛩️🌍Own land, build your world, and explore boundless adventures. This is your moment to create and thrive. Download now 👉 https://t.co/fInAGt7vf2 pic.twitter.com/N4j0RTzTxb
— Shib – The Metaverse (@mvshib) December 24, 2024
Metaverse, hype, & challenges
Metaverse is a virtual, digital world where people can digitally interact, socialize, work, play, and engage in various activities using their corresponding digital avatars. Under the Metaverse concept, the majority of the companies aimed to provide combined virtual reality (VR), augmented reality (AR), blockchain, and experience to people.
The first time the Metaverse concept was introduced was in 1992 by author Neal Stephenson in his dystopian sci-fi novel Snow Crash, but actual work on such concepts started in 2013.
In Q4 2021, Giant social media company Facebook rebranded its name to Meta & also filed for multiple trademarks related to Metaverse to step into this field with strong dominance over other companies. Following Facebook’s rebranding, many top companies showed an inclination toward Metaverse-based concepts, but unfortunately, the majority of them dragged their feet back because of economic turbulence across the world.
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