Shiba Inu’s Shibarium Will Allow Creators to Mint Chain-Specific NFTs
Shibarium, the upcoming layer-2 blockchain solution for the Shiba Inu project, is announced to introduce an option that allows creators to mint chain-specific NFTs after it finally launches. The feature is one of the numerous exciting developments teased by the team in a recent blog post.
Pawzaar highlighted the forthcoming feature, a newly-launched NFT marketplace built for the Shiba Inu ecosystem. “Shibarium will be home to countless NFT collections, and you can trade them using Pawzaar,” the project disclosed in a tweet Monday, sharing an excerpt from an official Shiba Inu blog release.
The blog release, which announced that the team would launch the Shibarium Beta phase soon, revealed some interesting features that community members can expect from the layer-2 solution when it eventually launches. Some of these features are associated with NFTs.
According to the team, some possible NFT-authenticated applications on the L2 network include in-game objects and currencies, art and music projects, digital event tickets, and virtual real estate.
In addition to native NFT functionality, Shibarium, like all other layer-2 networks, will help decrease NFT gas fees and improve transaction speed for Ethereum, according to the recent blog release. The chain will achieve this by taking up some of the NFT transactions on the Ethereum network and handling them off the network.
The Community is in Preparation for Shibarium Launch
Pawzaar has already positioned itself as one of the first NFT marketplaces that will support Shibarium upon its launch. To this end, several creators have announced plans to launch their collections on Pawzaar once Shibarium launches. One of these is the Shib Dream NFT collection.
The marketplace will also introduce unique features, such as burning SHIB for every NFT transaction processed and enabling an NFT to NFT trade option. Due to its promising outlook, some community members are already touting Pawzaar as the next OpenSea.
The official Shibarium Punks NFT has been launched in preparation for the launch of Shibarium, with 10,000 unique CryptoPunks to be minted when Shibarium goes live.