Shiba Inu Team Member’s Step By Step Guide
Lucie, a marketing specialist and member of the Shiba Inu team, recently shared a step-by-step guide on how to purchase the Shibarium-based Non-Fungible Token (NFT) collections. This guide was created in response to the curiosity expressed by many members of the Shiba Inu community regarding the process of acquiring these NFTs.
In order to acquire the Shibarium NFTs, the first step is to ensure that you have BONE and Ethereum (ETH) in your wallet. Lucie advises community members to prepare these digital assets before proceeding.
The next step involves adding the Shibarium network to your Web 3 wallet. This can be done by accessing your wallet browser and following the instructions to add the Shibarium network.
Once the Shibarium network has been added, users are then required to bridge their BONE tokens. This can be done through the Shibarium staking platform, and after a certain period of time, the bridged BONE tokens will appear in your wallet.
After completing these steps, users can explore Mantra Protocol and other Shibarium-based NFT marketplaces to find and purchase their desired NFTs. Lucie emphasizes that users can use Shibarium BONE as the recommended digital asset for this process.
Acquiring these NFT collections has its benefits, including low gas fees and an exciting experience. Each transaction costs less than a cent ($0.01), making it cost-effective for users. The prices of the Shibarium-based NFTs range from 10 to 10,000 BONE, but users also have the option to purchase them using SHIB and LEASH.
Shibarium Sees Decline In Transaction Counts
The Shibarium layer 2 blockchain solution, which is part of the Shiba Inu ecosystem, has experienced a noticeable decrease in transaction counts. This decline has raised concerns within the community as it may indicate a shift in user confidence and engagement.
Data from Shibarium Explorer, Shibariumscan.io, shows that the network’s daily transactions have dropped to 4 million, down from the previous average of 7 million transactions per day. This decline began at the end of last year and suggests a decrease in adoption of the network.
Despite the decrease in transactions, the network still maintains a utilization rate of over 30%, indicating that it has sufficient capacity for more transactions to take place.
Hot Take: The Future of Shibarium’s NFT Collections
As the Shiba Inu community explores and purchases NFT collections on the Shibarium network, there are concerns about the recent decline in transaction counts. This decline could be attributed to various factors, such as market conditions or user preferences.
However, it’s important to note that Shibarium still offers unique benefits, including low gas fees and an exciting experience for users. With its capacity for more transactions and ongoing development within the Shiba Inu ecosystem, there is potential for growth and increased adoption of Shibarium-based NFTs in the future.
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