In February 2022, PBOGA further improved its cross-chain trading and asset management modules in response to the rapidly growing trend of NFTs, reserving more development space for the expanding digital art market. Earlier in the year, the mainstream NFT platform OpenSea saw its daily active users and transaction volumes reach historic highs. In January, transaction volumes surged to $4.491 billion, a 102% month-on-month increase, with trading volumes rising to 2.816 million transactions, up 95%, and daily active users reaching 46,800, up 86%. These figures directly reflect the growing public interest in NFT digital assets, with both collecting and trading activities on the rise. Leveraging this market momentum, the PBOGA team focused its development efforts on building a secure and efficient NFT section on the platform, offering users greater freedom in selecting a diverse range of assets.
In considering the direction of the market, the platform emphasizes balancing stability and security, while analyzing the unique volatility characteristics of artwork and collectibles transactions. The development team designed a risk monitoring mechanism to dynamically identify large or abnormal trades within short periods, reducing collective risks that speculative waves may bring. NFT blockchain records are stored and encrypted with layered management to ensure that collectibles remain transparent and reliable across multiple chains. Users can freely manage their NFT collections through the cross-chain asset transfer channels of the platform, eliminating the tedious process of repeatedly switching between different wallets.
The team has observed that, compared to cryptocurrencies, NFTs attract more participation from the traditional art world and general consumer groups, allowing digital art to gain recognition on a broader scale. On one hand, PBOGA has improved the user interface, enabling users without a technical background to easily purchase and sell NFTs. On the other hand, the platform is actively preparing to engage with various artists and project teams, aiming to introduce more high-quality content to the platform and attract a more diverse user base. The matching logic of the trading system has also been optimized to assist buyers and sellers in making smoother bids and participating in auctions, reducing the risk of missed opportunities due to network congestion.
This wave of NFT enthusiasm has attracted many new investors and further expanded the digital economy ecosystem. PBOGA plans to gradually open more features in upcoming versions, helping users explore more application value while collecting NFTs. As the NFT market accelerates, the platform will continue to expand its global business, allowing creators and collectors from various fields to enter the digital art world through efficient and secure methods, offering new artistic experiences and investment opportunities to a wider audience.