Shiba Inu reveals the first concept of its metaverse project
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- The Shiba Inu Development Department shares more information about the WAGMI Temple.
- The network’s metaverse team introduces Fireside chats throughout the creation process.
The Shiba Inu development team has revealed more details about the idea behind the upcoming metaverse project (SHIB: Metaverse WAGMI Temple). WAGMI stands for We’re All Gonna Make It. The latest Shiba Inu blog post stated that the WAGMI Temple creates a Zen-like environment of spiritual connections with the world, peaceful meditation, emotion and natural beauty.
Shiba Inu also revealed black and white images (sketches and artwork) for the soon-to-be-launched WAGMI temple. The idea behind the pictures is to show a strong, powerful, physical and connected world. The goal is to share important feedback with the SHIB army (Shiba Inu community).
Part of the feedback would include the roles of the WAGMI temple in the Shiba Inu Metaverse project. According to the blog post, the metaverse team used inspiration from various sources to design the architectural concept of the WAGMI temple. Such sources of inspiration include New Delhi’s Swaminarayan Akshardham and Beijing’s Temple of Heaven.
Shiba Inu developers create Fireside chats
Shiba Inu also revealed that its metaverse team would create Fireside chats while creating the metaverse. Fireside chat allows community members to ask questions, suggest ideas, and express concerns about the project. Shiba Inu hosts discussions on his official discord channel. It then releases it to its other platforms.
The network will host the first Fireside Chats at the WAGMI Temple on September 8, 2022 at 8:00 PM EST. The introduction of Shiba Inu from the WAGMI temple is another way to prove that it is more of a utility project and not just a meme coin. It is worth noting that the SHIB developers have created a core structure in its metaverse since the Third-Floor announcement. The developers said this core structure is a combination of web best practices.
The SHIB price and SHIB tokens are lit
A 7-day chart of SHIB’s price shows a 9% drop, despite the network burning over 3.7 billion SHIB tokens in August alone, according to the ShibBurn Twitter handle.
– Shibburn (@shibburn) September 3, 2022
Although the drop in prices caused fear in the SHIB army, the developers are working to improve the fuel policy. Investors looking for long-term returns see a better combustion policy as a positive sign. One such positive sign is Uniswap’s support for the burning protocol. The goal of the burning process was to raise the price of SHIB. Thus, the Uniswap support should have an expected positive effect on the SHIB price.
Metaverse projects also raise the price of the original token. Towards the end of last month, the realized value of SHIB’s market value showed a downward trend. However, this trend is starting to change, suggesting that the price of SHIB is likely to rise in the coming days. Nevertheless, recent data from on-chain analytics platform Santimenti showed an increase in the number of active daily addresses (from 4,600 to 6,200) with SHIB tokens.