The Shiba Inu crew introduced on Tuesday the launch of a ‘SHIB Owes You’ (SOU) on-chain NFT. The NFTs are tradable, permitting customers to switch, cut up, or merge them with different digital belongings within the market. The announcement claims that SOU is launched to assist “impacted customers,” however doesn’t particularly point out the main points.
It may be assumed that the impacted customers might be those who misplaced funds through the $2.4 million Shiba Inu hack final 12 months. The SOU is constructed to “assist impacted customers with payouts, donations, and occasional rewards,” learn the tweet.
“SOU is reside. Introducing SOU (SHIB Owes You), an on-chain NFT constructed as a good-faith effort to assist impacted customers with payouts, donations, and occasional rewards. Clear. Tradable. On-chain. You possibly can switch it, cut up it, merge it, or commerce it on marketplaces, with payouts, donations, and occasional rewards,” learn the Shiba Inu announcement.
What’s the Buzz For Shiba Inu’s ‘SHIB Owes You’ Launch?
The tweet didn’t obtain the extent of engagement that different launches acquired. It barely has 500 likes, because the NFT market is already a sinking ship. The boat of NFTs largely sailed previous 2022 and 2023 with little to no hype for 2 years. Even those who introduced them again within the day are seeing large losses. Even NFTs launched from the official Shiba Inu deal with barely made traders cash.
Take, for instance, YouTuber Logan Paul’s NFT, which he bought for $635,000 in 2021. The identical is now price $155 and is just going decrease in worth every day. Due to this fact, Shiba Inu’s SOU NFT is now on the flawed time and the flawed place. The hype and buzz for NFTs are at their lowest, with merchants largely specializing in cryptocurrencies solely. The launch comes after the SHIB crew introduced the discharge of digital stickers for Telegram.
