SHIB: The Metaverse is the brainchild of Shiba Inu developer Shytoshi Kusama and is supported by other Shiba Inu team members.

All funds collected from the land plot minting were to be used for future metaverse development when only ETH was supported. It is unclear if that approach will change now that SHIB is an accepted payment method.

The team initially deemed their ecosystem tokens to be a “risk,” as the team would need to sell SHIB to pay for project development. Although the team has not offered an official statement on that aspect, that may still happen.

A key event to expect is the upcoming finalization of a deal between SHIB: The Metaverse and an AAA game developer studio, which is still pending. If finalized, the game studio will handle artistic development while the Shiba Inu team focuses on the blockchain implementation aspects.