Shiba Inu releases massive update in trillion-$-market – Will it drive SHIB price to $2?

  • One of the top Shiba Inu influencers identified as ShibPP has disclosed that the metaverse was built on Unreal Engine 5.1. 
  • In July, Shiba Inu lead developer Shytoshi Kusama hinted on The Metaverse on Discord that the project would look “Unreal” without sharing additional details of how unreal the project will look.

In the early hours of today, the metaverse team of Shiba Inu caught the participants of the Ryo Plaza Fireside chat by surprise after dropping the first official look of the WAGMI Temple instead of the expected first concept of Ryo Plaza. This is quite interesting as the first concept of the WAGMI Temple hub was shared in September. It was observed that three cities including Beijing’s Temple of Heaven motivated the architectural design of the digital location. Within the space of three months, the team has been able to make a reality out of the concept. 

This beautiful design has been applauded by the SHIB community. Brandie Konopasek, an entertainment veteran, commented on the development.

Official photo release of Wagmi! It’s been incredible to bring this from concept to reality. These are direct pulls from the environment from within the Shib metaverse.

One of the top Shiba Inu influencers identified as ShibPP has disclosed that the metaverse was built on Unreal Engine 5.1. 




Shiba Inu update on the entire ecosystem

In July, Shiba Inu lead developer Shytoshi Kusama hinted on The Metaverse on Discord that the project would look “Unreal” without sharing additional details. After announcing a partnership with development studio The Third Floor, the team revealed its Unreal Engine experience.

TTF’s rapid prototyping, powered by real-time processing and creative iteration in Unreal Engine, will take ideas and looks from concepts into 3D prototypes.

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It is worth noting that Unreal Engine 5.1 is an iteration of the Unreal Engine. According to the developers, it was designed with an interesting feature set in UE5. This enables creators in different industries to work in a more versatile, efficient, and robust ecosystem. 

Recently, Shiba Inu developer “Shib trophias” disclosed that version one of a project was being completed without further information on its name. He further disclosed that the project would be launched in phases to enable the content flow. The Shib community earlier thought the project was Shibarium, however, it turned out to be the entire ecosystem. 




The metaverse industry has been estimated to value at around $1.3 trillion by 2030. During the forecast period of 2022 to 2030, the registered CAGR (Growth Rate) is estimated to be around 44.5 percent. In 2021, the metaverse industry was valued at around $51.69 billion.

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This growth is expected to be driven by an increase in investment. The likes of Microsoft and NVIDIA have produced software and hardware to help power the metaverse. Around $70 billion was spent by Microsoft on metaverse-based interests. 

Shiba Inu is currently trading at $0.000009 with a 1.66 percent surge in the last 24 hours. From the current price, it does not look like Shib can hit $2 in the short term. However, there could be a mini-rally. 

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About Author

John's a cryptocurrency and blockchain writer and researcher with years of experience. He has a lot of interest in emerging startups, tokens, and the invisible forces of demand and supply. He holds a Bachelor's degree in Geography and Economics.

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