The post 140K NFTs Minted with Minimal Gas Fees appeared on BitcoinEthereumNews.com.

Shibarium Beta reached a milestone with over 140K NFTs minted using just 800 BONE in gas fees. Shiba Inu launched ShibDev and DAO to boost community involvement and developer engagement. Shiba Inu has once again demonstrated the strength and potential of its ecosystem with a big step forward in the development of Shibarium. Lucie, Marketing Lead at Shiba Inu, recently tweeted about this accomplishment, reporting that over 140,000 NFTs were minted during the Shibarium Beta period, all while spending only 800 BONE on gas fees. This demonstrates not only the strength of Shibarium but also its cost-effectiveness, which is critical for any large-scale DeFi operation. Shibarium Beta Milestone: 140K NFTs Minted with Just 800 BONE in Sponsored Gas Fees 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,… pic.twitter.com/3sPgFMvQ7L — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 6, 2024 Shibarium’s Scalability and Low Fees Empower Developers and Users  The fact that such a large quantity of NFTs were minted at such cheap gas expenses demonstrates Shibarium’s scalability. Lucie’s statement emphasizes the platform’s ability to manage massive transaction volumes while keeping low fees, making it suitable for producers and developers who want to build without incurring prohibitive costs. Shibarium’s cheap gas fees are especially crucial during this beta phase, since gas costs have been totally funded, making it easier for users to join and mint NFTs without incurring any upfront charges. Furthermore, Shiba Inu has an impressive on-chain presence, with over 1.4 million SHIB holders. This big user base hasn’t even fully tapped into the Shibarium network yet, so as more people engage with the platform, its growth potential may expand even more. This suggests that Shibarium has the potential to be a game changer…

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Filed under: News - @ September 7, 2024 8:19 am