Virtual real estate in the Metaverse is booming and new players are looking to capitalize on this emerging market. Recently, the SHIB team announced that they are expanding their ecosystem by introducing Metaverse real estate called Shiba Lands.
In this post, we will discuss the Shib Lands and the basic steps to get your hands on them.
What is Shiba Lands?
As you might know, Shiba Inu has announced their Metaverse project codenamed Shiberse, last month. And guess what? The Shiba Inu Metaverse will feature virtual lands, allowing people to buy, sell and probably lease real estate in the Metaverse.
Since the Shiba Inu Metaverse is in its infancy, we have no idea about the price of the Land. However, at the ShibaGuruAMA event held on February 23, it has been confirmed that a total of 99,000 pieces of land will be available for purchase.
Obviously, Shiba Lands will be tokenized and "owning a piece of Shiba real estate will bring an array of benefits". We will update you with more information about the Shiba Lands as soon as it arrives at our desk.
How to Buy Land in Shiba Inu Metaverse?
As of now, Shiba Lands aren't up for sale. However, according to the latest blog, Lands will be available for purchase/auction really soon. So, it's a bit of a wait to actually buy the land.
The blog stated that there would be a queue system in place for the Shiba Land sales event. This system will give $LEASH holders priority and exclusive access to the first selling phase of 35,000 land plots in the Metaverse. Also, Shiboshis will get 2000 lands that will be exclusively reserved for the Shiba Inu NFT Holders.
Once the exclusive selling phase is over, the remaining 62,000 land plots will be available for the public. So, if you want to buy Shiba Lands early, you must get your hands on the $LEASH token first.
It's worth mentioning that, to purchase lands in the Metaverse, you need to pay in Ethereum (ETH). In other words, you can't use $LEASH or $SHIB to purchase a piece of Shiba land.