$ 96,764.6
BTC
1.94 %
$ 1,833.89
ETH
1.48 %
$ 0.7121
ADA
3.13 %
$ 598.12
BNB
-0.26 %
$ 149.44
SOL
0.48 %

Jafrin Ahmed
Dec 2, 2021

Matrix NFT Drop Crashes Nifty Website Amid High Demand

Matrix Resurrections NFT
The release of “Matrix Resurrections” digital collectibles crashed the Nifty non-fungible token marketplace, after more than 300,000 fans queued up for the NFT drop on Nov. 30. This resulted in the NFT platform pausing the sale multiple times due to max capacity-induced “infrastructure issues.”

“Matrix Resurrections” NFT Drop Crashes Nifty Website

Earlier this month, mega film studio Warner Bros announced it would be dropping 100,000 Matrix-inspired NFTs for $50 each, as part of the promotional campaign for the new “Matrix Resurrections” film set to hit cinemas on Dec. 22.

Within an hour of opening the “Matrix” NFT site at 1 p.m. ET Tuesday, Nifty halted the purchase queue briefly before restarting it then pausing it again overnight after demand swamped their systems. By the next day, there were more than 330,000 users waiting in queue on Nifty’s website looking to buy the digital collectibles.

In an update Nifty posted on Tuesday evening, the company said that “even as the queue continues to be paused, we want to ensure you all of a few things we’re very actively working on a solution, along with our partners.”

Even after the queue was paused multiple times, other issues started to occur such as users being pushed up or down the queue, the buy button not working including failed transactions while checkout.

In the latest announcement, Nifty stated they are working to resolve the issues and has offered every Nifty user who queued up on Nov. 30 a free “glitch in the Matrix” NFT” for the inconvenience.

Plan for Two-Stage Release

The Matrix-themed NFTs are set for a two-stage release. The first stage includes a Nov. 30 launch featuring “base” avatars resembling ordinary people trapped in the Matrix.

The second stage will begin on Dec. 16 where owners of the base avatars will be given a choice to either take a “Blue Pill” and have their avatar remain locked in the Matrix, or take a “Red Pill” and transform their avatars into resistance fighters unplugged from the Matrix.

At the time of writing, the 1,00,000 sets of NFTs from the first stage are now all sold out.

Matrix NFT Drop Crashes Nifty Website Amid High Demand
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.