Dogecoin founder Billy Markus, better known by his online pseudonym Shibetoshi Nakamoto, criticized memecoin Shiba Inu’s plans to launch its own metaverse, likening the move to a cash grab with little utility.
Shiba Inu recently announced plans to launch its own virtual reality offering, called SHIB: The Metaverse,” which will feature 100,595 land plots available for sale. Shib Inu, which had fashioned itself as a “dogecoin killer” in its early days, has shot up in popularity over the past few years, and is currently one of the most traded memecoins.
While it still lags Doge in terms of overall market value, it has narrowed that gap drastically. The project has also attempted to present itself as more than a memecoin by establishing a broader ecosystem, with forays into NFTs and by launching other tokens.
Dogecoin founder hits out at metaverse plans
In a series of tweets and comments, Markus said that Shib developers should focus more on supporting the project, as opposed to gi
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