Shardeum announces major SHM token split as it prepares for global blockchain expansion backed by India's fastest-growing Web3 community. Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Layer 1 blockchain Shardeum launched its Ethereum Virtual Machine mainnet on Thursday, accompanied by an upgrade that includes a SHM redenomination at a 1:240 ratio. Community members voted on the redenomination proposal, with 85% approving the increase in total supply from 249 million to 60 billion tokens, Shardeum told Benzinga. The network reported 171,000 public validators and 1.4 million community members, making it India's fastest growing Web3 community. According to Shardeum, the rollout connects the EVM mainnet upgrade with the community-approved token split. "The EVM mainnet marks a defining milestone for Shardeum as we move closer to building a truly decentralized network that empowers both innovation and inclusion," Shardeum co-founder Nischal Shetty told Benzinga. "This launch reflects our vision of a blockchain that is equitable, efficient, and affordable for everyone." * Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse - Invest Now at Just $0.81 a Share * Accredited Investors Can Now Tap Into the $36 Trillion Home Equity Market - Without Buying a Single Property 85% community consensus, SHM token redenomination receives overwhelming approval from Shardeum users. Over 500,000 SHM tokens were used in the voting process, Shardeum said, adding that the voting mechanism was built in three days from scratch. "The SHM redenomination is a clear reflection of Shardeum's community-driven governance in action," Shetty told Benzinga. "By making SHM more granular and accessible, we're enabling wider retail participation - especially in emerging markets like India - and showing how transparency, inclusivity, and active governance can shape the future of decentralized networks." The lower per-token price enables broader participation among retail investors, Shardeum said. EVM support enables cross-platform dapp development on Shardeum mainnet. The EVM mainnet launch introduces full Ethereum Virtual Machine compatibility on the Shardeum network. Developers can build and deploy decentralized applications using Ethereum-based tools without learning new programming languages while maintaining lower and more predictable gas fees within the Shardeum ecosystem, the company said. Shardeum is designed to autoscale as user activity grows, combining low transaction fees, linear scalability, and permissionless participation. The blockchain aims to make decentralized applications affordable and accessible for developers and users across global markets.

NFTs2Me brings one-click NFT creation to Shardeum, launches "Flamenco" Commemorative collection. NFTs2Me, the pioneering no-code platform that's making NFT creation accessible to everyone, announced its integration with Shardeum, India's leading EVM L1 blockchain built for scalability and decentralization. To commemorate this partnership, NFTs2Me is launching a special edition NFT called "Flamenco" on the Shardeum EVM Testnet. Drawing inspiration from folkloric roots, Flamenco embodies rhythm, passion, and cultural creativity a fitting tribute to NFTs2Me's tradition of releasing a unique NFT with each new blockchain integration. This collaboration enables Shardeum users to seamlessly create, deploy, and mint NFTs with no coding experience required - all while leveraging the security, scalability, and low gas fees Shardeum is known for. Using this no-code tool, anyone can now launch their own NFTs on the Shardeum Testnet via NFTs2Me: nfts2me.com/app/shardeum-testnet The Flamenco NFT drop continues NFTs2Me's signature approach to merging culture with code marking each new blockchain partnership through a creative expression of Web3 innovation. Nishchal Shetty, Co-founder of Shardeum, said, "At Shardeum, we've always believed that the future of blockchain isn't just about technology - it's about removing barriers and letting creativity flourish. NFTs2Me shares this ethos. They've taken something that used to require a computer science degree and turned it into a few clicks. That's the kind of innovation we want on Shardeum. The Flamenco drop is a perfect example of how NFTs can be more than speculation - they can be storytelling, culture, and community. We're excited to see what creators will build with NFTs2Me's tools on our network." "Every time we integrate with a new blockchain, we don't just flip a switch; we celebrate the culture of building together. Flamenco isn't just an NFT; it's a digital handshake between two communities that believe in making Web3 more accessible, more creative, and more human." said Nicolas, Co-founder of NFTs2Me. * Total Supply: 10,000 NFTs * Minting Limit: 1 NFT per wallet * Network: Shardeum EVM Testnet * Availability: Open to all Shardeum community members Already integrated with major EVM networks like Ethereum, Polygon, Base, and zkSync, NFTs2Me is now launching on Shardeum, bringing its no-code NFT creation tools to a new Layer 1 community. The Flamenco NFT will be available for minting exclusively on the Shardeum EVM Testnet, with a total supply of 10,000 NFTs and a limit of one NFT per wallet. To help users get started, NFTs2Me has also released a step-by-step YouTube tutorial on how to mint the Flamenco NFT: Shardeum NFT Minting on NFTs2Me Tutorial

Shardeum launches EVM testnet to kickstart India's missing dapp ecosystem.