After the NFT mania last year, the Metaverse became the main focus for crypto insiders and outsiders in the past few months. With numerous entities aiming to get on board, the latest project to outline such intentions is Shiba Inu.
- The team behind the project, which gained traction during the memecoin explosion in the summer of 2021, announced its plans yesterday on Twitter.
- The so-called “first surprise of the year” coming for the ShibArmy reads that Shiba Inu is heading towards a Metaverse project of its own, to be called Shiberse.
- After a stellar 2021, in which Shiba Inu’s native token had an ROI of over 100,000,000% at one point, SHIB has been on a downtrend since the start of 2022.
- The market-wide correction drove the memecoin from $0.000029 to $0.000017 in days. However, as the market started to recover and the team announced its Metaverse expansion, SHIB spiked by 40% to around $0.000024.
- As of now, though, the memecoin has declined once more and sits just over $0.00002. This means that the asset is down by approximately 43% since the start of the year.
- Aside from the Metaverse, the team behind the memecoin launched an NFT collection last year, shortly after getting its decentralized exchange going.
- It’s worth noting that the idea of being a household name in the upcoming Metaverse world has attracted numerous prominent names.
- This was fueled perhaps the most after Mark Zuckerberg’s giant was renamed from Facebook to Meta to focus more on building its own version of the Metaverse.