The Shiba Inu team recently captured attention in the cryptocurrency world with their latest update on ‘Shib The Metaverse.’ Lucie, the marketing manager for SHIB, announced that the launch of the metaverse is approaching within the ecosystem of the memecoin. This revelation is considered a significant development that boosts confidence among the community surrounding this dog-themed altcoin.
Metaverse Launch Approaches
On September 29, Lucie shared critical details on the X platform under the title “Shib the Metaverse: Where the Community Meets, Dreams, and Plans Come to Life.” According to her post, the memecoin’s ecosystem will realize the launch of the metaverse in the “foreseeable future.”
A New Central Hub for the Community
Lucie emphasized that the new virtual world will become the heart of the SHIB community, a place for user-generated content, ideas, and collaboration to flourish.
The update allows SHIB investors to view the virtual gaming space as the “ultimate hub” within the ecosystem, where users can engage in discussions about new ideas, vote on key proposals, and develop strategies for the future of the ecosystem. This step is expected to significantly increase activity within the Shiba Inu ecosystem and strengthen user appeal. Lucie stated, “Shib The Metaverse will be a crucial step in enhancing community engagement and empowering the SHIB ecosystem.”
Furthermore, the recent ecosystem developments highlighted by the marketing manager have fostered optimism regarding SHIB coin’s market position. The dog-themed memecoin community revealed that they have added fiat on-ramps to Shibarium, further advancing the ecosystem.
Interestingly, Lucie disclosed that Shib developers are exploring a privacy-focused method called zkKYC to verify users without risking personal data. She also mentioned plans to introduce “fiat onboarding.”
Despite these advancements, Shiba Inu coin experienced a decline today. The price of SHIB dropped approximately 6% in the last 24 hours to $0.00001873. The coin’s daily low and high prices were recorded at $0.00001843 and $0.00001984, respectively, with the weekly chart showing a 27% increase, indicating that today’s drop aligns with general market trends.
Additionally, Coinglass data shows that open interest in SHIB futures declined by 8% today, with derivative volume decreasing by 41% to $356.72 million. These figures reflect a decrease in investor interest during the recent price drop. However, the mentioned developments and broader time-frame charts create contradictions within the current market sentiment.
The recent updates from the Shiba Inu team regarding the launch of ‘Shib The Metaverse’ provide vital insights into both innovations within the ecosystem and market dynamics regarding the future of SHIB.
