PawZaar, the newly introduced nft marketplace designed for the Shiba Inu ecosystem, experienced an overwhelming volume of traffic shortly after its introduction. Launched on October 24, this marketplace represents the inaugural nft trading platform built on the Shibarium network.
Celebrating its debut, the official X account (formerly known as Twitter) Announced: “Pawzaar is live. Enjoy trading NFTs and burning SHIB on the Shibarium network. Wen is now.”
Coinciding with the launch of PawZaar, the SHB Dream nft collection, native to Shibarium, was presented. In their announcement, the team shared: “The SHIB Dream Collection is available, SHIB Army! Total bid: 3,333, Mint price: 19,500,000 SHIB. Virtual real estate, profit sharing, gifts, rewards, charitable donations and much more. Don’t miss one of the best Shibarium collections!
Shibarium-Based nft Market Sees Extreme Demand
The nft market euphoria was short-lived as, much like the challenges it faced during the launch of Shibarium, PawZaar encountered infrastructure issues due to overwhelming demand shortly after its debut.
The PawZaar team quickly notified the community about an issue:
With a new platform, unexpected problems will arise. Mint is on pause. We apologize and make sure no mint was executed. We apologize for the inconvenience and are getting to the bottom of the matter as quickly as possible. Stay strong Shib army, this is just from dusk till dawn.
Shib Dream, on behalf of Shibarmy.co, Elaborated on the issue and confirmed that PawZaar is stopping the SHIB Dream NFTS mint and working on a fix. There was a “massive increase in traffic,” they stated, and then added context to the glitch: “It turns out that the Node provider that uses PawZaar had some problems handling mint traffic, especially with this collection. PawZaar, which depends on NowNodes, was affected by this.”
Additionally, they reassured the community, noting PawZaar’s upcoming involvement in the secondary market and the potential to expand minting options: “After minting, PawZaar will take the reins of the secondary market… However, to give you more options and support the entire ecosystem, we could open the minting of SHIB, Bone and Leash, linked to Shibarium.”
Digging deeper into the technical issue, the PawZaar team revealed: “We found a major limitation with our node provider when it came to the ‘Drop’ functionality… That’s why no one was able to mint today, it was because too many people were trying to mint at the same time.”
Jalaleddin Hatefi (“JD”), the visionary behind PawZone, reinforced their commitment to solving problems: “Mistakes happen #ShibArmy but make no mistake, PawZaar is one of the best dApps on Shibarium. “Once NowNodes resolves the issue, we will bring back our Drops feature.”
Shiba Inu lead developer Shytoshi Kusama expressed his support for the PawZaar team and JD. commenting: “Congratulations Shib Dream! Let us know when the new release will be so everyone is ready. Congratulations again. #Shibario”
The price of the Shiba Inu rises 10%
At press time, the Shiba Inu price has seen a sharp increase of 10% in the last 24 hours. As predicted in previous analyzesThe fourth low appears to have formed on the weekly chart, so a rally towards the triangle’s descending trend line seems possible, as occurred from June to August after the third low.
Featured image from Vietnam Insider, chart from TradingView.com