Nifty News: Land grab in the Shiberse, floor prices fall, NFT house sale and more…
The team behind one of the top memecoin projects Shiba Inu (SHIB) is rolling out tokenized real estate dubbed “Shiba Lands” as part of its upcoming metaverse project.
Shiba’s upcoming metaverse is yet to receive a name, with the team referring to it as the “Shiberse,” and stating that the official title will be revealed later this month.
The launch date for the tokenized land sales and auctions is also set to be announced soon and hodlers of the LEASH token (which is available via Shiba Swap) will be granted first access to the land sale events.
After the first round of sales, access will then be opened up to the public.
New Blog: A METAVERSE Story that begins... with an update! Introducing Lands, a queue system, and more!$LEASH holders will be the first to gain access to Shiba Inu Metaverse Lands.Read more... https://t.co/S758ClAbRC
In a Feb. 8 blog post, the team emphasized the importance of introducing extra utility to the SHIB ecosystem and outlined plans to make the asset more than just a memecoin:
The NFT market has faced a notable pullback this week, with the floor prices of a long list of top projects seeing losses of around 10%.
According to data from NFT Price Floor, the Bored Ape Yacht Club (BAYC), CryptoPunks, and Clone X all shed 8.79%, 9.47% and 6.67% apiece over the past 24 hours to sit at a floor price of 91 Ether, 66.95 Ether and 14 Ether respectively.
It appears the market is cooling down after seeing a meteoric surge so far in 2022, with the BAYC’s floor, in particular, starting the year at 60 Ether before almost doubling to around 118 Ether as of Feb. 1.
A major factor correlated with the declining floor prices of the top projects are the declining trading volumes observed on OpenSea. Cointelegraph
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