- According to the latest information, most of the features that would be integrated into the platform have not yet been listed.
- Part of the hype stems from the fact that it would be the first NFT Marketplace that will be built on the SHIBARIUM L2 by Shiba Inu.
Non-Fungible Tokens (NFT) is a very interesting and fast-rising initiative in the crypto ecosystem with OpenSea boasting the lion’s share of all users. However, this is expected to change with the rising competition among trading platforms. One of the platforms that have been tipped to challenge the status quo is a new competitor called Pawzaar. Its features and services have created so much hype surrounding the project.
Part of the hype stems from the fact that it would be the first NFT Marketplace that will be built on the SHIBARIUM L2 by Shiba Inu. It would also have the ability to accept $SHIB, $LEASH, $BONE, $PAW, $ETH, $USDC, and ($SHI when available) unlike other Marketplaces.
The availability of options could make it a favorable destination for all audiences who have a special interest in other cryptos other than Bitcoin and Ethereum. To make it more unique, users would have the option to rent or lease NFTs for games and other uses. This means people will not have to make an outright purchase of NFTs to get access to all of its utilities. However, PAW tokens from Pawzone would be required to lend or borrow.
These features are in addition to the creating, minting, and all other ones offered by OpenSea. On top of that, they believe that not everyone has to know how to create NFTs. Pawzaar has ensured that users have access to all tools, instructions, and analytics to make things easier for them.
Pawzaar to have NFT-NFT feature
According to the information, most of the features that would be integrated into the platform have not yet been listed. However, there would certainly be NFT-NFT. To create more utility for the platform, a part of every transaction will be sent to the $SHIB Burn address. Buyers and sellers would be given the freedom to make, accept or reject offers sent to them.
It is worth noting that SHIBARIUM is a blockchain/layer-2 solution that is expected to migrate Shiba to Layer 2 after launch. In a now-deleted blog post, the Shib creator explained.
The line between an L2 and its own blockchain is thin, I mean what is the difference really between Matic L2 and BSC?
SHIBARIUM is not a blockchain on its own, nor does it indicate the coming of a Shiba Inu 2.0 token. It is meant to lower transaction fees according to its blog post. The Shiba Inu token would still be connected to Ethereum.
With the much-anticipated upgrade, Shiba Inu is expected to see a price surge with trading Platforms providing strategies to investors for wealth building. It is currently trading at $0.00001 after surging by 4.67 percent in the last 24 hours.
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