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.
“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.