We had an extraordinary Phase One of our Beta, where we accomplished numerous achievements, such as:
✅ Surpassing $200,000 in monthly trade volumes
✅ Launching 15+ NFT markets
Helping 6 NFT markets achieve ATHs
✅ Attracting 1,000,000+ Impressions on Twitter
Garnering 150,000+ Video views
✅ Growing to a 40,000+ Member strong community
Throughout Phase 1 of the beta, we tackled one central question: How can we elevate the experience for an NFT trader? We considered the typical issues an NFT trader faces:
- Fragmented Liquidity: NFT liquidity is scattered across platforms, making global price discovery nearly impossible.
- Not Trader-friendly: Most platforms are optimized for collectors rather than traders. Essential trading features such as Limit Orders and Order Books are often unavailable for NFTs, which discourages high-frequency trading.
- Discovery: The use of floor price as a proxy for the health of a collection is not a correct representation of an NFT’s current market value.
We also realized that decentralization and self-custody were very important in our quest to go to the next level. Decentralization would allow us to give access to numerous new markets in a permissionless manner and launch Tegro as a truly global platform. Meanwhile, by embracing the self-custody principle of "Your Keys, Your NFTs," we can grant users complete control over their digital assets during the entire trading lifecycle.