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In: Cryptocurrency

The Shiba Inu metaverse project is almost done unveiling the completed design of its newest hub, which is going to be called The Rocket Pond.

The Shiba Inu team has announced some upcoming plans for the virtual world, including the reveal of Rocket Pond in the coming days and a tournament where players can win land.

Rocket Pond is one of the 11 hubs that make up Shiba Inu’s metaverse project. The SHIB team first shared a black-and-white sketch of the Rocket Pond complex on September 13, 2022, according to reports.

A colored design of the hub was released three days later to give users a taste of what the metaverse will look like when it debuts.

Shiba Inu Makes Noise In The Metaverse

The project, dubbed “SHIB: The Metaverse,” aims to increase the utility of the Shiba Inu environment. Shiba Inu developers announced in an update on Monday that it is scheduled to open in December of this year.

In a blog post, the SHIB team explained that Rocket Pond was designed to both tell the narrative of the Shiba Inu through visuals and to evoke the feeling of a remote mountain resort.

In addition, it takes inspiration from a number of well-known locations, such as Lake Tahoe and Cape Canaveral, in its building design.

“Get ready to uncover the secrets of Rocket Pond! Stay tuned [for] an exclusive look at our metaverse. Plus, don’t miss your chance to win some lands – there’s only a few days left to enter the contest! WOOF!”

Image: The crypto Basic

The phrase “metaverse” refers to a virtual environment where users can engage in completely immersive and interconnected interactions with other users and digital items. It functions like a sizable virtual reality space that anyone with the necessary technology can access online.

Avatars are used in this virtual environment for a wide variety of purposes, including but not limited to gaming, socializing, shopping, and even working. The metaverse has the potential to radically alter the ways in which people communicate and engage with online material in the future of the internet.

Some 100,595 plots of land will be created by users for the Shiba Inu Metaverse project. With the help of their plots, landowners can gather materials for the game and earn rewards.

A method of financial reward is also in the works, and developers want to make sure each participant has their own workspace for construction and management.

SHIB total market cap at $6 billion on the weekend chart at TradingView.com

Metaverse Market Expanding

Shytoshi Kusama, the alias of the SHIB developer who revealed a poster-like image at the SXSW music festival last month, claimed it showed a glimpse of the metaverse as seen in the game.

Meanwhile, the global metaverse market was worth $65.5 billion in 2022, according to Statista. This is projected to reach $82 billion in 2023, and then soar to $937 billion by 2030.

Source: CoinMarketCap

At the time of writing, SHIB was trading at $0.00001028, up 0.42% in the last seven days, data from crypto market tracker CoinMarketCap shows.

-Featured image from Marca

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