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Shiba Inu and the Metaverse - Are Cryptocurrencies Driving Metaverse Adoption?

 


Even if one or the other crypto investor may have been firmly convinced at the beginning that meme coins like Shiba Inu have a short lifespan, SHIB was able to convince us of the opposite. The dog token is experiencing more and more integration and adoption - now also in the Metaverse.


Brian Armstrong, Co-Founder and CEO of Coinbase, and Alex Reeve, Identity Product Lead at Coinbase, took a closer look at the development of the Metaverse. In a blog post, Coinbase employees explain what the metaverse actually is:


"The future of the Internet: A massively scaled, permanent, interactive and interoperable real-time platform consisting of interconnected virtual worlds in which people can socialize, work, do business, play and be creative."


Furthermore, the Metaverse and Web3 should be about digital property in an open, decentralized environment. In the future, the metaverse should go from interconnected virtual worlds with a fully functional economy.


"In that people can do pretty much anything they can do in the physical world."


And possibly more! And cryptocurrencies are said to be an important factor in the development of the Metaverse. Blockchain technology could be a key element in enabling payments in a decentralized economy.


Shiba Inu Metaverse

A token now ventures a little further into the metaverse: SHIB . Because VR World, the largest virtual reality experience center in North and South America, will integrate Shiba Inu as a means of payment. Leo Tsimmer , CEO of VR World, as the virtual reality host of the after-party of the NFT.NYC conference, assumes that "cryptocurrencies have arrived in everyday life".


But that's not all. Because the founder of Shiba Inu , Ryoshi, recently stated that the Shiba Inu team was working on its own metaverse. The Shiba Inu Core Devs (SICD) develop the "Oshiverse" in which SHIB becomes a metaverse coin. So it could be that the meme token is the first crypto currency to get its own metaverse. Under the direction of Playside Studios , Shiba Inu's Oshiverse is set to launch a non-fungible token (NFT) Gaming Metaverse Space.


The Shiba Inu price is unimpressed by the development and is still around the $ 0.00003185 mark. Since the last all-time high on October 27 this year at $ 0.000086, the SHIB price has gradually fallen. Despite bullish news about its own gaming division and the planning of its own metaverse, the Shiba Inu price could not break away from the downward trend.


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