The Shiba Inu team opened opened ‘land bids’ in SHIB: The Metaverse in April 2022. It’s going to be nearly two years after the event, yet SHIB: The Metaverse has not launched. Investors had purchased lands in the Metaverse during a 3-day event two years ago. A section of plots were up for grabs and Shiba Inu holders unlocked and purchased the lands using Leash token. Nonetheless, not many details about the upcoming development were released by the SHIB team.
The lands available for sale include Shiboshis Zone, Leasing Hubs, Diamond Teeth, Platinum Paw, Golden Tail, and Silver Fur.
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Speculations were rife during early 2023 that SHIB: The Metaverse could be released by the end of the same year. However, we are now in January 2024, and the project is yet to see the light of day. The major focus was given to the launch of the Shibarium layer-2 network, which was released in August 2023, after a 2-year delay.
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The fate of Shiba Inu’s Metaverse could now be similar to Shibarium’s delay. The team has not given a tentative release date for SHIB: The Metaverse. It remains to be unknown when the project will be launched and be fully accessible to the world.
Moreover, the Metaverse concept as a whole has hit a roadblock lately with major companies cutting investments. Facebook’s Meta experienced losses in the billions leading to mass job cuts in the company. The concept is getting a reality check as people are not drawn towards the new technology. Only a handful of people are interested in the Metaverse while the majority of them are giving it a miss.
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Therefore, SHIB: The Metaverse will have big challenges in making people use the project when it is released. The release date remains to be a mystery.
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