Shiba Inu Unwraps Shibarium NFT Marketplace Access with BONE

SHIB CRYPTO_NEWS

Over half a year ago, Shiba Inu (SHIB) introduced Shibarium, the Layer-2 scaling network. Now, Shibarium’s official gas fee token, Bone ShibaSwap (BONE), gets a new utility case in emerging Shibarium’s non-fungible token (NFT) marketplaces, as described by SHIB Token’s marketing lead Lucie S. in a recent message on X.

Here’s How to Buy Shibarium On-Chain NFTs

For a smooth journey into Shiba Inu’s NFT land, crypto enthusiasts must have Ethereum (ETH) and BONE in their crypto wallets. Following this move, cryptocurrency enthusiasts heading to chain.shibrpc.com can easily add the Shibarium L2 mainnet via the chain ID 109.

The remaining step before entering Shibarium’s NFT markets will be to open the Shibarium bridge to put $BONE inside a Shibarium-compatible wallet. This can be done via the official Shibarium gate on Shibarium.shib.io, while NFT enthusiasts can explore the markets upon BONE’s arrival.

MantraProtocol emerges as a top NFT marketplace on-chain, while ShibaPunkz is the most talked about NFT collection across Shiba Inu’s social media channels. Among other trending NFTs are The Geishas of Shibarium. The SHIB Army also expects to see the original Shiboshis NFTs integrated into Shiba Inu’s upcoming blockchain version of Shiba Eternity.

As the cryptosphere awaits the decision by the Securities and Exchange Commission (SEC) concerning the inaugural Bitcoin ETF, the 19 seated by global market cap SHIB fell to the monthly lows of $0.00000856 but rebounded to trade at $0.00000920 at the time of publication.

Meanwhile, Shibarium’s gas fee token Bone ShibaSwap slumped further by 3% in the last 24 hours, successfully retesting the fundamental support at $0.60 as the daily low oscillator and now trades at $0.62 with a global market capitalization of $155.5 million, according to independent cryptocurrency price aggregator CoinGecko.

On the Flipside

Despite a notable breakthrough in on-chain trading activity, both associated tokens, Bone ShibaSwap (BONE) and Shiba Inu (SHIB), nosedived in weekly terms by 9% and 11%, respectively.

Why This Matters

Shibarium’s BONE gets a new utility, providing the SHIB community members, with a safe Web3 entrance into Shiba Inu’s digital realm.

Source : DailyCoin by Tadas Klimasevskis / Jan 8, 2024

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