The Shiba inu crypto project team launched a giveaway for $SHIB token investors with the launch of “The Metaverse” project.
shiba inu is a popular meme cryptocurrency token, after Dogecoin ($Doge). In 2021, this meme crypto token came to light following a statement by Tesla CEO Elon Musk about his love for dogs.
The current trading price of this meme crypto token is $0.00002299 and this price level is down by 9.5% over the last 7 days of the trading period.
Notably, the trading price of this cryptocurrency faced a significant struggle in the last 30 days despite the bullish sentiments in the cryptocurrency market.
Now, bullish sentiments towards this Dogecoin rival are at a better level as a new project in long-term development has been successfully launched.
On December 25, 2024, on the occasion of Christmas Eve, the Shiba Inu project team announced the successful launch of “The Metaverse”.
The Shiba Inu team said that the long wait is over and now people can access the virtual world of the Shiba Inu Metaverse.
Metaverse, hype and challenges
Metaverse It is a virtual and digital world where people can interact digitally, socialize, work, play and participate in various activities using their corresponding digital avatars. Under the concept of Metaverse, most companies aimed to provide virtual reality (VR), augmented reality (AR), blockchain and combined experience to people.
The concept of the Metaverse was first introduced in 1992 by author Neal Stephenson in his dystopian science fiction novel Snow Crash, but actual work on such concepts began in 2013.
In the fourth quarter of 2021, the giant social media company Facebook changed its name to Meta and also applied for multiple trademarks related to Metaverse to enter this field with a strong dominance over other companies. Following Facebook’s rebranding, many major companies showed an inclination towards Metaverse-based concepts, but unfortunately, most of them pulled back due to economic turmoil around the world.
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