Piction Network Roadmap 2021

4 min readFeb 2, 2021

2021 will be a big year for Piction Network and we are excited to share our new roadmap to show what’s in store. We aim to be the leading NFT platform in Korea and to expand our peer-to-peer content ecosystem to global markets.

Building largest NFT Marketplace in Korea

The goal of Piction Network is to become the largest NFT Marketplace in Korea. Our platform currently supports NFTs in line with the KIP-17 standard and will also support the ERC-721 and ERC-1155 standard for compatibility with the Ethereum network. With 750,000 content pieces registered on the Piction Network as well as partnerships with industry players, Piction Network helps users to issue and trade various NFT assets directly. Moreover, with our recent acquisition of Gallery Finance, we will be able to combine more decentralized governance mechanisms and DeFi features in the future.

The key features to be released soon are as follows:

Integration with other Marketplaces & Platforms: Creators can post their NFTs on Piction Network with a simple copy/paste of the link. This allows for seamless collaboration with partner projects and platforms that have their own NFT assets. NFT collectors can then easily access them through the Piction Network platform.
Support for various NFTs categories: Most NFT marketplaces focus on art, collectibles and games. Piction Network will also support Music and Video NFTs that will make us a comprehensive platform for all types of creation.
Exhibition Hall & Auction: Exhibition Hall is a decentralized storage application where artists and collectors can exhibit their NFTs forever without an immediate sale purpose. There is also an onchain Auction feature where NFT users can participate in Auctions with decentralized bids to ensure fairness.

New Features of PXL Token

In addition to our platform development, we are enhancing the utilities of the PXL token. We will develop a PXL-Ethereum Bridge that allows for the PXL token (KIP-5) to swap to ERC-20 which will unlock access to DeFi and the bigger NFT ecosystem. Currently, PXL is complemented by advanced features used as rewards for creators, allowing users to create and propose more diverse creations. We expect that the PXL token will become the core of the governance structure of the digital ecosystem and community of our NFT platform.

PXL DAO: Piction Network is looking forward to moving towards fully decentralized governance. PXL DAO enables our community to participate in the operation and development of our platform. With this new decision-making mechanism, PXL token holders and active users will directly influence the future of our ecosystem by submitting proposals and voting for important decisions.
Activity Mining: PXL token can be earned by becoming an active participant on Piction Network. During each reward period, we will distribute PXL tokens to users who actively create, trade, and post on the platform. We will convert those activities into quantified scores to decide the number of rewards for each participant. More detail will be published once the feature officially launches.
Airdrop: To incentivize more potential users to join our platform, we will conduct PXL airdrops to top NFT creators and collectors who have a significant amount of NFT holdings regardless of which platform they are using.

Roadmap 2021