Shiba Inu enters the Metaverse

The creators of Shiba Inu have announced a metaverse project.

Shiba Inu developers have announced a metaverse project
Shiba Inu

The Shiba Inu cryptocurrency's official Twitter account has announced a metaverse project centered on the coin's ecosystem.

The SHIB token's price has recovered nearly 12% from its intraday low of $0.00001865.

A large-scale undertaking

It will be called "Shiberse" and will provide the Shiba Inu community with a "immersive experience."

The announcement was accompanied by a cartoonish image of a Shiba Inu dog in the middle of a forest holding a hammer in its teeth. Last week, the Shiba Inu Twitter account teased the community with a blurred version of the image.

So far, details about the project are scarce, but developers promise to reveal more information soon.

ShibaSwap developer Eric M claims in a message posted on the Shiba Inu community's official Discord server that Shiberse will be a place where different puzzles of the Shia Inu ecosystem, including tokens, decentralized exchange, and games will come together.

He has stated that the name of the metaverse project has not yet been finalized, and he has warned users not to fall victim to scammers.

Eric writes in another message that metaverses are "here to stay," and that the community is the most important aspect of the new project.

An industry worth $800 billion?

After the social media giant announced a rebranding, the term "metaverse," which denotes the convergence of digital and physical worlds, became one of the hottest buzzwords in tech seemingly overnight. Major corporations such as Walmart and Nike are now joining the fray.

According to Bloomberg Intelligence, the metaverse market could eventually reach $800 billion.