Shibarium’s Launch and Support for NFTs
With the launch of Shibarium, the Ethereum-based layer-2 protocol from Shiba Inu, the development team is now answering community queries. The protocol will function like other Layer-2 scaling outfits and support the minting of Non-Fungible Tokens (NFTs). Users can choose their platform of choice to mint NFTs, following instructions from the smart contract.
Advocated Caution for NFT Creators
Shytoshi Kusama, lead developer of Shibarium, advises prospective NFT creators to do their own research and be careful. The Shibarium tech stack is new and yet to be fully tested by the public. Despite confidence in the protocol, the team values feedback from community members to enhance the protocol.
Competition with Existing L2s
Shibarium aims to offer value to the SHIBArmy rather than compete with other Layer-2 protocols. However, it needs to surpass the performance of protocols like Polygon zkEVM, Optimism, Arbitrum, and zkSync Era to attract users. The mainnet launch will be a crucial indicator of Shibarium’s success in the industry.
Hot Take
Shibarium’s launch and support for NFTs show its commitment to providing value to the crypto community. However, it will face tough competition from existing Layer-2 protocols. The team’s reliance on community feedback and continuous improvement will be vital for Shibarium’s growth and adoption.
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