Shibarium diversifies into NFTs amid transaction decline

Shibarium, the Ethereum layer-2 blockchain linked to the Shiba Inu meme coin, has significantly transformed. Initially popular for its meme coin, Shibarium has expanded into a hub for metaverse, gaming, and decentralized finance (DeFi) applications. Despite this evolution, the platform is experiencing a decrease in transaction activity, with figures dropping from an average of 7 million to $5.69 million in the last 30 days.

Amidst these changes, Shibarium is carving out a new niche in the world of non-fungible tokens (NFTs). The platform has witnessed the launch of various NFT collections, such as ColonelCoup and Shib Dream NFT. These developments reflect the Shiba Inu ecosystem’s commitment to diversifying and embracing crypto trends.

How to buy Shibarium-based NFTs

For those interested in the burgeoning Shibarium NFT scene, a simple guide has been shared by a community member named Lucie. The process involves:

Preparing your assets: In their wallets, users should have Ethereum (ETH) and Shiba Inu ecosystem assets like SHIB, BONE, or LEASH.

Integrating with web3 wallets: Adding the Shibarium network to a Web3 crypto wallet is essential for seamless transactions.

Bridging BONE tokens: After adding the network, users can bridge their BONE tokens to the Shibarium Staking platform to purchase NFTs with 10 to 10,000 BONE tokens.

One of the major highlights of Shibarium-based NFTs is their low transaction fees, costing as little as $0.01 per transaction. This affordability makes it an attractive option for those exploring the NFT market.

While Shibarium’s transaction activity may decline, its foray into NFTs signals a strategic shift towards broader utility in the crypto world. The platform’s focus on NFTs and the user-friendly guide for purchases position Shibarium as an evolving and adaptable player in the cryptocurrency landscape.

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