Shiba Inu team member and marketing specialist Lucie has revealed a step-by-step guide for the SHIB community on how to purchase the Shibarium-based Non-Fungible Token (NFT) collections.
Shiba Inu Team Member’s Step By Step Guide
The marketing specialist recently took to the social media platform X (formerly Twitter) to outline the process of acquiring the NFT collections. Many people in the Shiba Inu community have expressed curiosity about how to purchase these NFTs which led to Lucie’s X post.
For the first step, Lucie has pointed out that community members who desire to acquire the Shibarium NFTs must hold BONE and Ethereum (ETH) in their wallets. “Prepare $Bone & ETH, ensure you have $Bone and ETH in your wallet,” she stated.
The next step highlighted by Lucie demands the addition of the Shibarium network to users’ Web 3 wallets. To do this, users will have to make use of their wallet browser and head over to https://chain.shibrpc.com to add the Shibarium network.
When this is done, the next step noted by Lucie is bridging BONE. Users are required to go to the Shibarium staking platform to bridge their BONE tokens, which will automatically appear in their wallet after some time.
After completing the phase, the Shiba Inu marketing specialist highlighted that users can explore Mantra Protocol and other Shibarium-based NFT marketplaces. In addition, she noted that in Mantra users can pick any NFT they desire, just like that of other NFT marketplaces such as Opensea and Blur.
Furthermore, the Shiba Inu team member has highlighted Bone ShibaSwap (BONE) as the recommended digital asset for her guide. Users will have to pay for their preferred NFT using Shibarium BONE.
Lucie also noted a few benefits from acquiring these NFT collections, which include “low gas fees and high fun.” It is noteworthy that each transaction costs users “less than a cent ($0.01),” which makes it an exciting and cost-effective experience.
Lastly, she asserted that the prices of the Shibarium-based NFTs range between “10 to 10,000 BONE.” However, users can still purchase these NFTs using SHIB and LEASH.
Shibarium Sees Decline In Transaction Counts
The Shiba Inu layer 2 blockchain solution, Shibarium, has witnessed a notable drop in transaction counts. This has raised speculations among the community since it could be a sign of a larger change in users’ confidence and engagement.
Data from Shibarium Explorer, Shibariumscan.io, has revealed that the network’s daily transactions are currently sitting at 4 million. This is a significant drop from the 7 million daily transaction average that the network has managed over the past month.
The decrease started toward the previous year’s close, with transaction counts falling from 7.84 million on December 28, 2023, to 4.37 million on January 4, 2024. The drop in transactions indicates a decrease in the network’s adoption.
Despite the decline in transactions, the network’s utilization is pegged at over 30%, which suggests a sufficient capacity for more transactions.
Featured image from iStock, chart from Tradingview.com