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Shiba Inu\u00a0<\/strong>SHIB\/USD<\/span> developers sold virtual land plots worth $20 million to bidders in the first two stages of the cryptocurrency’s metaverse land sale.<\/p>\n What Happened:\u00a0<\/strong>According to data from blockchain explorer\u00a0Etherscan<\/a>, users spent 6280\u00a0Ethereum\u00a0<\/strong>ETH\/USD<\/span> to acquire land so far.<\/p>\n \u201cHow many times have you raised almost $20 million in five days? On a crashed market?\u201d said Shiba Inu developer\u00a0Eric M<\/strong>\u00a0on the project\u2019s official\u00a0Discord<\/a>\u00a0channel.<\/p>\n See Also:\u00a0<\/em>How To Buy Shiba Inu (SHIB)<\/em><\/a><\/p>\n As of now, there are a total of 3,649 land owners in the SHIB metaverse and over 12,900 plots minted.<\/p>\n The largest individual transaction was for 36.3 ETH, worth $110,700. The user purchased 121 different plots of land for an average price of 0.3 ETH.<\/p>\n Four users own at least 200 plots of land in the\u00a0SHIB YARD<\/a>\u00a0collection. Although the maximum quantity individuals were allowed to purchase had been limited to 200, one user seem to have bypassed this restriction. The virtual land owner purchased 209 plots for 40.8 ETH.<\/p>\n Earlier today, the Shiba Inu team said it had\u00a0blacklisted one user from its metaverse<\/a>\u00a0for creating a hate symbol pattern on the metaverse map with land bids.<\/p>\n \u201cWe will not tolerate the use of hate speech, displays of intolerance, or bigotry (through words, actions, symbolism, etc) at the discretion of the community moderation team,\u201d the developers said in a statement.<\/p>\n Price Action:\u00a0<\/strong>According to data from\u00a0Benzinga Pro<\/a>, SHIB was trading at $0.00002486, down 2.25% over the previous day.<\/p>\n<\/div>\n