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- A historic comment from Shiba Inu lead developer Shytoshi Kusama has hinted at the longer-term passive income earnings for SHIB adopters.
- The old comment hinges on Shiboshis NFTs’ earning potential.
Recently, a quote attributed to Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu (SHIB), resurfaced, igniting discussions about the potential of Shiboshi NFTs to serve as a pathway to passive income for SHIB investors.
The Shiboshi NFTs and Passive Income Potential
The quote, “You think floor [price]; I think passive income for life,” originally made nearly three years ago on the Shiba Inu Discord server, highlights Kusama’s long-term vision for Shiboshi NFTs, according to LucieSHIB, Shiba Inu’s content marketer.
"You think floor ( price) ; I think passive income for life."
Do you know the author of this quote? 🤭
Tag him!— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) March 12, 2024
The Shiboshi NFT project initially faced scrutiny from some members of the community who expressed disappointment over its performance compared to other projects, notably Doodles NFTs. Despite launching around the same time, Doodles NFTs had a floor price of 3.5 ETH and a total volume of 28,800 ETH.
Notably, the Doodles NFT project debuted on October 17, 2021, and by December 13 of the same year, it had a daily sale of more than $2 million. In comparison, the community member emphasized that Shiboshis trail behind with a floor of 0.8 ETH and a volume of 9,800 ETH.
In response to these concerns, Shytoshi Kusama offered a unique perspective, emphasizing the long-term passive income potential of Shiboshi NFTs. While some community members focused solely on short-term gains and floor prices, Kusama encouraged a broader view, seeing Shiboshi NFTs as assets capable of generating lifelong income streams.
Recent Success of SHEboshi NFT
This perspective resonated with certain community members, who began to extend it to encompass the entire Shiba Inu ecosystem. The conversation around passive income within the Shiba Inu community has been reignited in light of the recent success of SHEboshi, the latest NFT initiative from Shiba Inu.
According to a prior report by Crypto News Flash, SHEboshis sold out within minutes of the project’s second minting phase, demonstrating market interest and momentum. Furthermore, SHEboshi achieved its first exchange listing on CoinW, underlining its growing relevance within the crypto space.
The timing couldn’t be better, as the broader crypto space experiences a bullish trend, with SHIB emerging as a standout performer. With a market cap of $19 billion and trading volumes reaching $1.7 billion, SHIB has firmly entrenched itself among the top ten cryptocurrencies by market value. Industry analysts speculate that SHIB could soon reach the milestone of $0.001, having already surpassed the psychological barrier of $0.00001.
Shiba Inu content specialist Lucie has also shared her insights, suggesting a potential future value of $0.01 for SHIB. This optimistic outlook reflects the growing confidence in the project’s course and its ability to deliver substantial returns for investors.
At the time of writing, data from Marketcap pegs the price of Shiba Inu at $0.00003225, down by 3.33% in 24 hours.
