Shiba Inu Steps Into the Metaverse, LEASH Token Soars

Market Metaverse Real estate Shiba inu
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Fredrik Vold
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
Source: AdobeStock / Anne

 

The price of LEASH, a token in the Shiba Inu (SHIB) ecosystem, jumped by nearly 50% today after the team behind it announced its plans to build a virtual world – a metaverse – and said LEASH holders will be the first to get access to new digital land as it becomes available.

As of 12:19 UTC, LEASH token traded at USD 1,866, up by 49% for the past 24 hours and 129% for the past 7 days. Meanwhile, Shiba Inu’s original SHIB token stood at USD 0.0000318, down by 3% for the day and up by 46% for the week.

LEASH 7-day price chart. Source: Coingecko.com

“The Metaverse is set to be one of the biggest areas within crypto for many to enjoy,” the team behind Shiba Inu wrote on its blog, adding that, “like everything Shib does, we will lead this Metaverse sector.”

Like several other well-known crypto-based virtual worlds, including The Sandbox (SAND) and Decentraland (MANA), Shiba Inu’s metaverse will have virtual land for sale.

The “Shiba Lands” will be available for purchase or auctions with LEASH tokens “really soon,” the blog post said, explaining that a queue system is being worked on for interested buyers to ensure that community members who hold LEASH tokens get early access.

Additionally, the team also said it is working on an “anti-dump system” for LEASH tokens. The system is intended to “protect LEASH holders,” the team said, without going into further specifics.

“Owning a piece of Shiba Real Estate will bring an array of benefits! We are not stopping, this is just the beginning,” the Shiba Inu team wrote.

____

Learn more:
Why and How Crypto Will Rule Metaverse
Real Estate in the Metaverse Is Booming. Is It Really Such a Crazy Idea?

People ‘Will Spend 1 Hour a Day in Metaverse in Four Years’ Time, Predicts Gartner
Crypto Tech Trends in 2022: UX, Scalability, Metaverse Applications, and Bitcoin Integrations

Crypto Investment Trends in 2022: Brace for More Institutions and Meme Manias
Other Dog (and Cat)-Themed Coins Pump as Shiba Inu and Dogecoin Keep Fighting

More Articles

Blockchain News
Japan’s SBI Posts Record Crypto Profits; Aims for Nation’s First USDC Listing
Tim Alper
Tim Alper
2025-02-09 23:30:00
Price Analysis
Price Breakthrough Forecast: The Next XRP Rally Could Be Here Soon
Arslan Butt
Arslan Butt
2025-02-09 14:21:48
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors