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How to buy Shiba Land in the Metaverse | Things to Do, Cost, & Reasons to Explore Shiba Land Metaverse

Shiba Land

Since the rebranding of the infamous Facebook to Meta, the exploration of the metaverse space has been huge! From buying land to huge fashion houses like Tommy Hilfiger, Dolce&Gabbana exploring the metaverse as a space to host fashion shows to world-famous artists like Justin Beiber and Snoop Dogg hosting musical concerts, the metaverse space has been busy! With so much happening it was only a matter of time when tokens start to provide their own ‘land’ to their investors! 

To mention a few of the well-versed metaverse iterations; are the merger of virtual and real locations along with virtual economies. The rising need for immersion has propelled the growth of metaverse along with the advancement of virtual reality technologies.

Let us take a dive into the newly launched SHIBA Land in the metaverse.

What is SHIBA Metaverse?

The Shiba Metaverse is a virtual world hosted by Shib.io where the characters or avatars will be able to mimic a real-world vibe and ‘live a life’ there. The main goal of the metaverse is to create a virtual environment as similar to the real world as possible; where users can enjoy, discover, and play. According to some reports, the SHIBA Metaverse will create a space where the avatars can not only study but also work at a job and attend events in this Metaverse. 

The Metaverse will be the first such virtual world enabling education, entertainment, shopping, and research for the avatars.

The most interesting factor of Shiba Inu Metaverse is that its members can lease, sell or buy virtual land which is also called Shiba Land. Once the land is purchased, the user will have it in the form of an NFT which they can rent to other players or businesses. 

Apart from living a life in the SHIBA land, the characters can also buy and earn NFTs! Crypto tokens such as BONE, LEASH, and SHIB are available and can be used in the SHIBA Metaverse.

Did you know? The Shiba Land is not related to the Shiba Inu token!

Additional Read: How to make money in the Metaverse

How to buy Shibaland in Metaverse

Similar to buying lands in the real world, buying land in the SHIBA Metaverse also requires money; but in the form of crypto tokens. The fastest way to acquire land in the SHIBA Metaverse is by holding LEASH tokens. These will be considered first when the auction starts.

According to Eric M, one of the developers of Shibaland, the landowners can lock as high as 5 LEASH tokens for a period from 45-90 days. 

How much does it cost to buy a SHIBA Land

The land on SHIBA Metaverse has been separated into groups based on their accessibility and location. The following are the prices:

Tier Number Name  Number of Acres Available  Cost per acre
Tier 4 Silver Fur 17,030 0.2 ETH 
Tier 3 Gold Tail  7,356 0.3 ETH
Tier 2 Platinum Paw  5,714 0.5 ETH
Tier 1 Diamond Teeth  2,024 1 ETH

Source: WealthQuint

Top 4 things to do in SHIBA Land

Since the launch of Shibaland, interested individuals have been busy exploring what options they have in this new inclusion to the Metaverse! Here is a compiled list of the top 4 things you can do.

 

 

 

Note: Only paying members are eligible to buy lands in SHIBA Metaverse

Additional Read: How to play and earn with Axie Infinity

3 reasons to explore the Shibaland Metaverse

Experts are of the opinion that due to the increasing interest in the Metaverse space, and principles of scarcity and supply and demand are the foundations of economics, it might be an interesting area to explore for interested investors. Here are the top 6 reasons why you should explore what SHIBA land has to offer.

Conclusion

Now that you have taken a walkthrough of all the possibilities that SHIBA Metaverse has to offer, visit the shib.io and experience all that this new inclusion in the Metaverse has to offer! To explore 100+ crypto tokens in the largest crypto exchange in India, visit CoinDCX.

Explore and learn about the emerging asset class, Metaverse at CoinDCX Blog.

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