LEASH Surges 40% After SHIB Introduces Metaverse Real Estate

LEASH surges 40% since it is one of the coins of the Shiba Inu ecosystem and SHIB recently announced to be launching a metaverse real estate effort so let’s find out more today in our latest altcoin news.

LEASH is one of the ecosystem tokens of Shiba Inu and today it surged by 40%. This happens on the back of an announcement made by the Shiba Inu team which introduced virtual real estate in their metaverse efforts. Earlier in January, the reports show that Shiba Inu will enter the metaverse space but the team failed to provide more details at the time. Now, one of the most popular crypto assets on the platform is introducing virtual real estate in the form of Shiba Lands.
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The announcement read:

“These “lands” found inside our metaverse will be available for purchase/auction really soon, and it will be our first step towards allowing the community to jump into the metaverse prior to its full release!”

The official post revealed that the team is working on a queue system that is designed to prevent gas wars and bots that will allow exclusivity. To do so, the system will require interested parties to hold the LEASH tokens that in turn will give priority and access to the first selling phase of the land plots in the metaverse. The team is also working on creating an “anti-dump system” that is designed to protect holders. Once the exclusive selling process is finalized, the lands will be unlocked and made available for a wider audience. Since the announcement, LEASH surges 40% and continues to do so today.

As recently reported, As recently reported, An Italian fast food restaurant from Naples will parent with Shiba Inu in order to open a SHIB-themed joint called Welly’s. The team behind the popular meme coin entered into its first real-world venture by partnering with an Italian fast food restaurant from Naples dubbed Welly’s. the duo promised healthy and not just fast food options and a goal to grow globally together. The announcement from Shiba Inu developer Shytoshi Kusama explained that the memecoin’s team chose this fast-food join because they were already looking for someone that will share their values. As such, they refrained from partnering with huge centralized conglomerates that sell food that is harmful and subpar.