PawZaar: A New NFT Marketplace for the Shiba Inu Ecosystem
PawZaar, a recently launched NFT marketplace designed specifically for the Shiba Inu ecosystem, has experienced a significant surge in traffic since its introduction. This marketplace, which was launched on October 24, is the first NFT trading platform built on the Shibarium network.
To celebrate its debut, the official PawZaar Twitter account announced that the platform is now live and encouraged users to enjoy trading NFTs and burning SHIB on the Shibarium network.
Introduction of the SHB Dream NFT Collection
Alongside the launch of PawZaar, the SHB Dream NFT collection was introduced as a native collection to Shibarium. The team behind PawZaar shared that this collection offers various features such as virtual real estate, profit-sharing, giveaways, rewards, charity donations, and more. They encouraged users not to miss out on one of the greatest collections on Shibarium.
Challenges Faced by PawZaar
Despite the excitement surrounding the NFT marketplace, PawZaar encountered infrastructure issues due to overwhelming demand shortly after its launch. The team promptly notified the community about these issues and assured them that no mints had been executed. They apologized for any inconvenience caused and promised to resolve the problems as quickly as possible.
The Shib Dream team provided further details about the technical hiccup and explained that PawZaar had faced difficulties due to a massive surge in traffic. They revealed that the node provider used by PawZaar had trouble handling mint traffic for this particular collection.
PawZaar’s Plan Moving Forward
PawZaar reassured its community that it would be involved in the secondary market and might introduce expanded minting options in SHIB, Bone, and Leash bridged on Shibarium. The team acknowledged the limitations they discovered with their node provider and expressed their commitment to resolving the issues.
Jalaleddin Hatefi (“JD”), the visionary behind PawZaar, emphasized that setbacks happen but affirmed that PawZaar is one of the best dApps on Shibarium. They promised to bring back the Drops feature once the issues with the node provider are resolved.
Support from Shiba Inu’s Lead Developer
Shytoshi Kusama, the lead developer of Shiba Inu, expressed support for the PawZaar team and JD. He congratulated Shib Dream and encouraged them to inform everyone about the new launch so they could be prepared for it.
Shiba Inu Price Surge
As of now, the price of Shiba Inu has risen by 10% in the last 24 hours. Analysts had predicted this upward movement based on previous analyses. It appears that a fourth bottom has formed in the weekly chart, indicating a potential rally towards the descending trendline of the triangle, similar to what happened between June and August after the third bottom.
Hot Take: PawZaar Faces Initial Challenges but Shows Promise for Shiba Inu Ecosystem
The introduction of PawZaar, the first NFT marketplace on the Shibarium network, has faced initial challenges due to overwhelming demand. However, the team behind PawZaar is actively working to resolve these issues and bring back their Drops feature. Despite the setbacks, PawZaar is considered one of the best dApps on Shibarium, and its involvement in the secondary market and potential expanded minting options show promise for the Shiba Inu ecosystem. With the support of Shiba Inu’s lead developer and the recent price surge, PawZaar’s future looks bright.
By
By
By
By