Amid reports that Shibarium – the Ethereum layer-2 blockchain associated with the Shiba Inu (SHIB) meme coin – is seeing a decline in transaction activity, a team member of the SHIB ecosystem took to Twitter on Sunday Outlined the steps to purchase. Shiberium-based non-fungible tokens (NFTs).
Launched in August last year, Shibarium has recently expanded its focus to the metaverse, gaming, and decentralized finance (DeFi) applications – proof that the Shiba Inu ecosystem has come a long way from its origins as a meme coin. Is fixed.
Shiberium emerges as NFT hub
Additionally, Shiba Inu’s Shibarium is home to a variety of NFTs, demonstrating the utility of the network. NFT collections launched so far on Shibarium include ColonelKoop and Shib Dream NFTs.
As the buzz around Shibarium-based NFTs intensified, a Shiba Inu ecosystem member – known by the nickname “Lucy” on Innu community members were explained how they can purchase these digital assets.
How to Buy Shibarium NFT: Explained
According to Lucy’s post, users interested in purchasing Shibarium NFTs must first ensure that they have Ethereum (ETH) in their wallet as well as any Shiba Inu ecosystem assets, such as SHIB, BONE, or LEASH. The next step is to add the Shibarium network to their Web3 crypto wallet using the wallet’s browser extension.
Shiba Inu team members explain how to buy Shibarium-based NFTS
Explaining the process, Luce referred to BONE ShebaSwap (BONE) as the digital asset of choice. However, if someone else wants to use the Shiba Inu Ecosystem asset the steps remain the same.
Upon joining the network, users must bridge their BONE tokens. To do this, users can visit the Shiberium staking platform, where they will find several Shiberium-based NFT marketplaces such as Mantra Protocol. Then, users can choose the NFT of their choice and purchase it using BONE. The prices of NFT collections available on Shibarium range anywhere between 10 to 10,000 BON tokens.
In addition to sharing the guide, Lucy also praised the Shiberium-based NFT for its low transaction fees, adding that users only have to pay a minimum $0.01 fee on each transaction.
This comes at a time when Shiberium is experiencing a decline in trading activity, with its transaction count falling from an average of 7 million to $5.69 million over the past 30 days. This has resulted in a decline in the price of SHIB, which has fallen by almost 9% over the past seven days to $0.00000
Also Read: XRP ETF filing to come within weeks of Bitcoin ETF approval?
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Source: coingape.com
