Shibarium to Host NFTs, Lead Developer Shares Crucial Warning

Godfrey Benjamin
August 11, 2023
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Breaking: Shibarium Stopped Producing Blocks Again, Whales Dumping SHIB And BONE

With the much-anticipated launch of Shibarium, Shiba Inu’s Ethereum-based layer-2 protocol, the core development team behind the project are now all out to answer queries from members of the community.

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Shibarium and NFTs: Advocated Caution

The protocol is billed to function like every other Layer-2 scaling outfit around today. While it will host all varieties of Decentralized Applications (DApps) like its peers, lead developer, Shytoshi Kusama has confirmed that the L2 will support the minting of Non-Fungible Tokens (NFTs) across the board.

This confirmation was first shared on the Discord server of Shibarium Tech protocol. Kusama responded directly to an inquiry from a user who wanted to know if Shibarium will publish instructions on how to mint NFTs. In response, Kusama noted that users who wish to mint an NFT will have to pick their platform of choice and the smart contract will direct them accordingly.

One comment of note shared by the Shibarium team lead is for prospective NFT creators to be careful and for them to do their own research. This statement appears intuitive as the whole Shibarium tech stack is new and is yet to be fully time-tested by the public.

Despite the confidence in the protocol, fueling the readiness to launch at the forthcoming Blockchain Futurist Conference, Kusama and the team will still be relying on the input from community members through steady use of the Shibarium protocol and the feedback given to enhance the protocol.

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Can Shibarium Compete with Existing L2s?

As gleaned from the promotions of the Shibarium team over the past few months, the core essence of Shibarium is not to compete but to offer value to the millions of SHIBArmy out there. 

However, to attract users, it will have to show it can surpass Polygon zkEVM, Optimism, Arbitrum and zkSync Era amongst other protocols that are already serving users on the Ethereum network as an L2. 

Though Shibarium has raked in a lot of milestones since the launch of its PuppyNet testnet, its performance after the launch of the mainnet will be its key identifier in the industry moving forward.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.