The SHIB Dream NFT has recently executed a substantial burn, annihilating nearly 100 million Shiba Inu tokens, effectively transferring them to a dead wallet in the current month. This event, however, contrasts with the removal of half a million SHIB tokens from circulation on Shibarium in November of the previous year. Notably, the November burn marked the highest token burn for that month, spearheaded by third-party SHIB Dream NFTs.
The SHIB Dream NFTs operate on the Shibarium layer-2 solution, providing users on the network with practical use cases. Lucie, the marketing expert for the Shiba Inu team, expressed admiration for the burn initiative, acknowledging its contribution to reducing the SHIB token supply. Lucie highlighted the significance of the Shib Dream NFT collection’s achievement in burning 100 million SHIB tokens.
Throughout the year, several third-party apps and projects have consistently burned SHIB tokens on the Shibarium L2 network. This strategic move serves to keep Shibarium’s network vibrant and dynamic, generating transaction fees and actively participating in various token burn initiatives.
Insider Guide to Shiba Inu NFT
Shibarium, the scaling platform affiliated with Shiba Inu, showcases a diverse array of NFTs, demonstrating the network’s practical applications. Among the notable NFT collections introduced on Shibarium are Shib Dream NFT and ColonelCoup.
In the midst of the growing enthusiasm surrounding NFTs on Shibarium, a user named “Lucie” on platform X has provided a comprehensive guide on social media, detailing the step-by-step process for members of the Shiba Inu community to acquire these digital assets.
As part of its continued expansion, Shiba Inu has secured a new listing on Flitpay, an emerging player in the Indian crypto landscape. The crypto exchange encourages users to take advantage of a 1% assured bonus and the opportunity to reclaim deposit fees. This strategic move by Flitpay follows the recent listing of Dogecoin [DOGE], solidifying Shiba Inu’s position as the second-largest meme coin in the market, as TronWeekly reported the other day.