Are NFTs the future for Shiba Inu?

Shiba Inu’s collaboration with Bugatti for NFTs reportedly sold out in just four minutes, indicating the strong demand and potential in the NFT space.

Shibarium which launched in August has launched with support for the minting of Non-Fungible Tokens (NFTs). This feature was announced on Shibarium Tech’s Discord server, where users were informed they could select their desired platform for minting, with smart contracts guiding the process. The Shibarium team encourages potential NFT creators to exercise caution and conduct thorough research, given the protocol’s novelty and limited public testing.

With the Shibarium launch, it could be more advantageous for Shib to focus on becoming a major player in the NFT market rather than diverting resources toward smart contracts or DeFi. Here is why Shib should use Shibarium to become a huge player in the NFT space rather than tangle in DeFi or smart contracts

  1. Shiba Inu has entered gaming through Shiba Eternity. There are 15k reviews on the Google Playstore (rating of 4.3) and a further 4k reviews on the Apple Appstore. Shiba Eternity is a collectible (NFT) oriented game. More such games could be launched directly or in collaboration/ partnership with other NFT-based gaming companies
  2. Shib has already sold land in its Metaverse project. While timelines for its launch are unclear, Metaverse’s extremely NFT-friendly
  3. While Ethereum is a huge player in the NFT space and Solana is second, most of the rest are very small players, Shib has enough brand strength to start in 3rd place. In fact, players reluctant to shift from Solana to Polygon would be quite open to moving to Shiba Inu

All said and done, Shiba Inu is better placed to be a big NFTs player than DeFi or smart contracts.

Shiba Inu Price Prediction 2023

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