Shiba Inu (SHIB), an ERC-20 token, was developed in 2020 as a knockoff of another brilliant cryptocurrency, Dogecoin (DOGE). Despite the basic underpinnings of the platform, it has modernized it, adding a DEX and a metaverse platform, and is quickly moving toward burning tokens for long-term positioning.
Shiba Inu developers have created several measures to help what started as a live token gain traction as a more legitimate project after catching public attention during the 2021 bull market.
The Shiba Inu meme coin, called Shiberse, will serve as a gathering place for users of the digital token and may contain games, virtual lands, and non-fungible tokens (NFTs).
Developer Eric M. refers to the Shiba Inu ecosystem’s metaverse as “a place where our community, tokens, game, ShibaSwap, and more come together” in his description of the Metaverse.
It will be hosted on SHIB.io and includes 100,595 purchaseable plots. There will be streets with names associated with Sheba along each of them on the Metaverse map. Using a renaming procedure similar to the Shiboshi NFT burn, the land of the Metaverse will contribute to the SHIB burn. Shiboshi NFT holders will receive unique access to the Shiboshi region of the Metaverse.
In addition, tokenization is frequently used for payments, and many companies do so. It is one of the most popular and cool cryptocurrencies out there right now. There were four quadrillion coins when it began its journey, but now nearly half of these have been burned. After the crypto winter, the Shiba Inu (SHIB) is expected to reach $0.0001 on the cryptocurrency market in 2022.
The cost is expected to rise to $0.00015 in 2023 and $0.0002 in 2025. Although the ecosystem of this coin is still developing, this year’s performance will undoubtedly increase.