PawZaar, the newly unveiled NFT marketplace tailored 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 (previously known as Twitter) account announced: “Pawzaar is live. Enjoy trading NFTs and burning SHIB on the Shibarium network. Wen is now.”
Coinciding with PawZaar’s launch was the introduction of the SHB Dream NFT collection, native to Shibarium. In their announcement, the team shared: “The SHIB Dream collection is live, SHIB army! Total Supply: 3,333, Mint Price: 19,500,000 SHIB. Virtual real estate, profit-sharing, giveaways, rewards, charity donations, and much more. Don’t miss out on one of the greatest collections on Shibarium!”
Shibarium-Based NFT Marketplace Sees Extreme Demand
The euphoria of the NFT marketplace was short-lived as similarly to the challenges faced during Shibarium’s launch, PawZaar encountered infrastructure issues from overwhelming demand shortly after its debut.
The PawZaar team promptly notified the community of a snag:
With a new platform will come unexpected issues. The mint is paused. We apologize and ensure no mint has been executed. We apologize for the inconvenience and are getting to the bottom of it as quickly as possible. Stay strong Shib Army, this is only the dusk until the dawn.
Shib Dream, representing Shibarmy.co, elaborated on the issue and confirmed that PawZaar is pausing the mint of the SHIB Dream NFTS and working on a solution. There was a “massive surge of traffic,” they stated, and later added context to the technical hiccup: “Turns out, the Node provider that PawZaar uses had a bit of a problem handling the mint traffic, especially with this collection. PawZaar, relying on NowNodes, was affected by this.”
They further reassured the community, noting the upcoming involvement of PawZaar in the secondary market and the potential for expanded minting options: “After the mint, PawZaar’s taking the reins for the secondary market… However, to give you more options and support the whole ecosystem, we might open up minting in SHIB, Bone, and Leash – bridged on Shibarium.”
Delving deeper into the technical glitch, the PawZaar team revealed: “We found a serious limitation with our node provider when it comes to the ‘Drop’ functionality… So this is 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 his commitment to resolving the issues: “Setbacks 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’s lead developer, Shytoshi Kusama, expressed support for the PawZaar team and JD, commenting: “Congrats Shib Dream! Let us know when the new launch is so everyone is ready for it. Again congrats. #Shibarium”
Shiba Inu Price Rises 10%
At press time, the Shiba Inu price has seen a strong move up 10% over the last 24 hours. As predicted in previous analyses, the fourth bottom seems to have formed in the weekly chart, so a rally toward the descending trendline of the triangle seems possible, just as it did from June to August after the third bottom.