In a series of recent tweets, Dogecoin co-founder Billy Markus took a dig at Shiba Inu’s metaverse initiative. The Shiba Inu [SHIB] tribe was overjoyed when ‘SHIB: The Metaverse’ was announced. This virtual world is intended to have 100,595 plots of land and four distinct districts. For its native tokens, the network has even launched its own website.
Shiba Inu has given further information on its metaverse project, which was first unveiled in February. More than 10,000 land plots will be available during the initial phase of the implementation. According to the team, Ethereum (ETH) was chosen for pricing since it is a neutral cryptocurrency.
While this initiative was being commemorated by the Shib Army, the software developer, who rose to stardom on Twitter as a result of his frequent engagements with Tesla CEO Elon Musk, says that selling fictitious land with Ethereum will not improve the cryptocurrency’s utility.
The development of the Metaverse will be impossible to prevent. Many people believe that the metaverse is the way of the future, with almost every major organization entering the digital domain. The community is questioning if Markus is into the metaverse after seeing the aforementioned tweet from the Dogecoin co-founder.
Markus says that the metaverse initiative is nothing more than a cash grab for developers looking to increase their profits. He projected that selling fictitious land may net them $300 million. The Shiba Inu team’s concept to allow landowners to generate passive income may be frowned upon by securities regulators, according to the Dogecoin co-founder.
Markus states in a follow-up thread that watching “scammers” gain millions with cryptocurrency makes him “salty.”
Dogecoin co-founder comes with a fix
Markus educated Shiba Inu devs on what should be done after criticizing Shiba Inu devs for pocketing money from the impending project. He recommended that developers who are currently working on the network create projects that benefit Shiba Inu rather than themselves. He further added,
“i want to stress again that it’s much less about the money and much much more about the incredible amount of assholes and scammers in this space, and how many of them are getting well rewarded for it.”
Meanwhile, renowned cryptocurrency expert Alex Krüger says that metaverse land is overhyped and overvalued because of its endless production capacity. At the time of press, Dogecoin (DOGE) and Shiba Inu (SHIB) seemed bullish in the market with a price of $0.1467 and $0.00002772 respectively.