Land owners may earn passive income in the Shiba Inu metaverse, according to comments from one developer involved in the SHIB ecosystem.
The Shiba Inu Lands - or real estate - has yet to go on sale. More information is expected to come out about the sale dates in the coming months.
Shiba Inu Metaverse Passive Income
When asked about an announcement of “future passive utility for lands” in the LEASH Channel, Eric M said: “Later.”
In a follow-up, he said:
There’s some huge movements that will happen in the next months. Lands by itself will be a passive with the new implementations we are working [on].
While the developer only said land will be “passive”, we would suggest this is a reference to the passive income that virtual land in a metaverse can provide. Passive income is already a draw for other metaverse projects. This allows landowners to either rent out their virtual real estate, or launch businesses or events on their land.
Alternatively, the passive benefits could instead form exclusive access to future aspects of the Shiba ecosystem.
During the February AMA, Shib holders found out the metaverse would be home to businesses and social clubs.
The prospect of the Shiba Lands’ passive income excited some holders in the LEASH channel. “The sale of the land is going to be awesome,” posted one user. “[Shiboshi NFTs] sold out in less than an hour. Can’t imagine how quickly Lands will sell,” said another.
This would not be the first project in the Shiba ecosystem to receive a form of passive income. After Shiba project lead Shytoshi Kusama hinted at passive income for Shiboshi holders in December, the launch of the Doggy DAO also revealed holders of the NFT would receive an allocated amount of BONE per block. This led to a slight price increase for the Shiboshi NFT collection.