Shiba Inu might eventually become one of the most admired altcoins in the market

Shiba Inu has officially started its metaverse venture by offering land in the virtual world. The Shiberse virtual world announced its $LEASH tokens by granting access to its LAND. Decentraland, one of the most avid competitors of Shiba Inu in the virtual world has also taken huge initiatives to become the metaverse ruler! Developers behind this popular meme cryptocurrency have revealed the details of their virtual reality project by declaring that its metaverse would possess around 100,595 land plots, some of which will remain quite private.

Recently, according to an official Shiba Inu post, rewards from the recent land sales events in Shiberse will soon be available to its holders. The post also announced the date as July 2, 2022. The SHIB team recollected its promise of distributing 3% of the funds which is expected to be generated from the land sale events. The users subjected to these rewards would be selected on the basis of the number of locked LEASH tokens.

Currently, the post states that until now there have been no rewards that have been distributed yet, which eventually explains why the contract counts the selling out of land to reward and distribute accordingly.

But even after this endeavor, Shiba Inu's price remains under a tight range, but its trading went up nearly 5% within a period of 24 hours. Over the past several months, investors have been quite speculative about the future of the crypto, since there have been no significant changes in its prices, even after significant development initiatives. But this effort might actually work for SHIB. Even though the value of Shiba Inu has not significantly improved, crypto has definitely garnered the attention of several crypto investors.