Shiba Inu SHIB/USD cryptocurrency project announced the launch of a non-fungible token (NFT) bridge for its Layer-2 blockchain, Shibarium, paving the way for the smooth transfer of Ethereum ETH/USD-based NFTs.
What Happened: On Monday, Shiba Inu’s official X account posted about the activation of NFT Bridge on Shibarium. The new feature allows users to deposit and withdraw Ethereum-based NFTs by simply connecting their wallets like MetaMask, potentially opening up new avenues for trading.
NFT bridging can help improve the token’s liquidity by opening it up to a bigger user base, and allow them to access better features like lower transaction fees with faster transaction times.
Launched in August last year, Shibarium has facilitated around 436 million transactions as of this writing, with an average transaction fee of 0.014 Bone ShibaSwap BONE/USD, worth $0.0054. Ethereum’s average fee was $0.97, according to…
