Regular SHIB holders can finally get their hands on the virtual real estate in the Shiba Inu metaverse this weekend as the public sale event opens.
The full opening of the Shiba land sale comes 10 days after the metaverse first opened, in which it brought in almost $20 million in under one week through sales.
So, with the remaining land from the 36,000 plots set to be unleashed, here’s how the metaverse opening is going.
Shiba Inu Metaverse Public Sale Opening
We’d expect the Shiba Inu metaverse public sale- its Phase Three - to open immediately after the private sale concludes.
Phase Two of the Shiba Metaverse land sale is set to end at 5 AM BST/12 AM EST/9 PM PT on Saturday morning/Friday night. This private sale period came after the initial early access to those who locked their LEASH and Shiboshi NFTs.
This will be a welcomed moment by those SHIB holders and other interested parties who were ineligible to buy land during the previous phases of LEASH exclusivity.
The public sale event will be a key moment for the Shiba metaverse, and for existing land holders. Given the speed the Shiboshi NFTs sold out, some have speculated a similar rush could happen. However, others have tempered these expectations given the thousands of land still available.
The public sale will continue until the metaverse 36,431 land sells out. Then, the metaverse will expand, with the final map set to feature 100,595 plots of land.
Existing holders are also monitoring the SHIB Yard OpenSea collection to see what their land is worth when selling. So far, the most expensive Shiba land re-sale was the 1 ETH purchase of a Tier 2 Platinum Paw plot.
Since the metaverse went live, it has brought in 6942 ETH - or $20.8 million. These funds raised are expected to go towards the development of the Shiba metaverse. 3794 ETH of this has now been transferred out to two multisig addresses.
According to the latest data from Etherscan, some 3830 wallets now hold plots on the metaverse - or SHIB Yard NFTs. Just over 15,200 plots of land have been purchased - or 41% of the 36,431 plots available in this phase.
According to the Shiba Inu Discord, the Tier Diamond Teeth lands have now sold out. These are the 2024 plots located closest to the metaverse hubs, which first started at 1 ETH. The remaining land mainly comprises the Tier 4 Silver Fur plots that start at 0.2 ETH in price.