The post Shiba Inu Team Announces Two Major Milestones appeared on BitcoinEthereumNews.com.

The Shiba Inu team has announced two major milestones that promise to enhance the utility and dynamics of its network. Shibarium, Shiba Inu’s Layer 2 solution, has successfully achieved a substantial milestone in NFT minting. Concurrently, K9 Finance, the ecosystem’s official staking solution, is set to launch a staking solution for BONE after passing a smart contract audit. 140,000 NFTs Minted On Shibarium Shibarium, which is designed to enhance transaction speeds and reduce costs for the Shiba Inu ecosystem, has recently seen over 140,000 NFTs minted with an expenditure of only about 800 BONE (roughly $310) in gas fees. This feat was highlighted by Shiba Inu’s marketing lead, Lucie (@LucieSHIB), who shared the success story via X. Lucie emphasized the cost-efficiency and scalability of Shibarium, stating, “We’re excited to share an incredible achievement from our Shiba Eternity beta closed for Leash holders! So far, these dedicated testers have minted a staggering 140,000 NFTs on Shibarium, showcasing both the power and scalability of the platform. Even more impressive is the cost-efficiency: only around 800 BONE has been spent on gas fees for these transactions.” Lucie further noted that this milestone showcases one of Shibarium’s key strengths—the ability to maintain extremely low transaction costs despite high volumes of activity. This feature makes Shibarium an ideal for NFT projects and other decentralized applications that require high throughput and cost efficiency. “This highlights one of Shibarium’s key strengths—extremely low transaction costs. Despite the high volume of minting, gas fees remain minimal, making it ideal for large-scale NFT projects,” she remarked. Lucie added: “And don’t forget—Shib has over 1.4 million holders on-chain, far more than what is currently active, meaning our massive army has yet to fully embark on this DeFi journey through Shibarium.” During the beta phase, all gas fees were sponsored, which significantly…

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Filed under: News - @ September 7, 2024 12:14 am