24. Januar 2023
• Shiba Inu prices dropped 11% as investors preferred to take profits instead of embracing the hype that fueled a 20% surge the day before.
• This was due to the launch of the beta version of the Shibarium Layer 2 protocol, a Layer 2 network for the SHIB ecosystem.
• Investors are now looking to break the resistance at $0.000012 and $0.000014 to achieve a sustained recovery.
The Shiba Inu cryptocurrency saw a significant price drop during the Asian trading hours on Thursday, January 19th, 2021. This was in contrast to the previous day where the meme coin experienced a surge of over 20%, but investors appear to have preferred taking profits instead. This shift in sentiment saw SHIB prices drop by 11%.
The cause of this price change was the news of the launch of the beta version of Shibarium, a Layer 2 network for the SHIB ecosystem. The development team behind the project announced the upcoming launch through a statement on January 15th, encouraging the SHIB Army to remain patient as the protocol was being built. The blog post also outlined a few key concepts such as scalability and interoperability that the Shibarium Layer 2 protocol would offer to the SHIB ecosystem.
The introduction of the Shibarium Layer 2 protocol has seen investors look to the resistance levels of $0.000012 and $0.000014 to achieve a sustained recovery. If these resistance levels are broken, the Shiba Inu cryptocurrency is expected to experience prolonged upward trajectory throughout 2023. This could be fueled by the features that the Shibarium Layer 2 protocol offers, such as scalability and improved user experience.
Overall, the Shiba Inu cryptocurrency experienced a significant price drop following news of the launch of the Shibarium Layer 2 protocol. However, investors are now looking to break the resistance at $0.000012 and $0.000014 to achieve a sustained recovery and propel the SHIB prices to new heights.
• Metahood has raised $3 million in seed money to create a platform for selling digital real estate in the metaverse.
• The platform will use a map-based interface to display available land plots, give users context about the surrounding area, and highlight sales patterns and local landowners.
• The round was led by Volt Capital, Flamingo DAO, Neon DAO, and 1confirmation, with contributions from Sébastien Borget, John Crain, Brian O’Hagan, and Packy McCormick.
The hype surrounding the metaverse crested early last year, and with it came the potential for people to own digital property and launch enterprises within the space. To make this possible, there needs to be a platform that allows people to buy and sell digital real estate, and Metahood is setting out to create this platform.
Today, Metahood announced that it has raised $3 million in a seed round, with participation from Volt Capital, Flamingo DAO, Neon DAO, and cryptocurrency venture capital firm 1confirmation. The round also included contributions from Sébastien Borget, SuperRare co-founder John Crain, Sorare Growth Lead Brian O’Hagan, and VC and blogger/podcast host Packy McCormick.
The Metahood platform will provide buyers of metaverse land with more context than a general-purpose NFT marketplace. It will employ a map-based interface to display available land plots in relation to those around them, giving users a sense of the surrounding area while highlighting sales patterns, local landowners, and more.
Gwendall Esnault, the creator of Metahood, expressed his enthusiasm for the project: “We truly want to provide as much information and context as possible when you acquire land. The metaverse’s current state is still far from the grandiose goals we have, but I think Metahood is an important step forward in that direction.”
The $3 million seed funding will help Metahood create their platform and provide the context and tools necessary to make buying and selling digital real estate in the metaverse a reality. With the help of their investors, they are well-positioned to become the Zillow or Redfin of the metaverse.