FACTS YOU SHOULD KNOW ABOUT SPORES NETWORK
THE AIM OF SPORES NETWORK AND BENEFITS OF ITS PARTNERSHIP WITH KARUMA NFT.
The founders of Spores Network knows that cryptocurrency will lead to ownership decentralization and frictionless capital redistribution. Spores Network goal is to develop a creator-centric, community-driven, frictionless, and borderless NFT environment.
To that aim, Spores Network has created a DeFi-powered NFT marketplace that defines decentralized pop culture by distributing NFT material from gaming, esports, animation/anime, digital fine arts, music, and film/TV. Duc Luu (a Nasdaq-listed serial entrepreneur), Eric Hung Nguyen (a former senior investment analyst at a top-10 global hedge fund), and a diversified team of advisers from the blockchain and entertainment industries are among the Spores co-founders.
To achieve universality, Spores’ developers plan to create a full-stack NFT platform that is cross-chain interoperable. Users can create NFTs, auction and exchange assets, and use other DeFi products without restriction on this platform.
ABOUT SPORES PLATFORM
The Spores platform combines blockchain and smart contract technology to verify NFTs, track ownership and buy/sell movements, and securely decentralize their trading process, all while fully complying with intellectual property and copyright licensing to protect NFT authors and owners’ interests.
Main Features of Spores Network
- Gamified royalty sharing: transaction mining that rewards users and dealers with a portion of the revenue generated by their NFT inventions
- T-DeFi: increasing total liquidity by fractionalizing multiple NFTs and mining LPs on DEXes while lending and staking.
- Batch minting and transfer: low-cost minting and transfer of NFT bundles.
- Market fragmentation on NFT swaps is avoided by cross-chain trading, which wraps across main blockchains (Ethereum, BSC, Polkadot)
- Friendly to the user: To produce NFTs, you don’t need any coding skills or blockchain understanding.
- NFT drops: Users can get free NFT drops as well as LPs from well-known and unique artists.
Spores’ Network components includes:
- NFT marketplace
2. NFT decentralized exchange
3. Minting and Management Interface
4. Block chain smart contract protocols
SPORES NETWORK PARTNERS WITH KARUMA NFT.
Rick Privman and Yumiko Miyano of JEA produced the Kuruma/Spores project which will launch an NFT platform where users will be able to purchase, sell, and trade NFTs (Non-Fungible Tokens) in a dedicated online setting known as the “autoverse.”
BENEFITS OF THE PARTNERSHIP
- Spores Network, a metaverse media company that uses an NFT marketplace and game publishing platform to mobilize content creators across the art, games, and entertainment verticals, will fuel Phase One of Kuruma’s endeavor.
- Kuruma will provide a digital metaverse with an automobile focus to capitalize on the expanding trend of NFTs while providing a practical and interesting method for car fans to live, own, and share their digital lives.
Kuruma has already begun collaborating with major and minor brands, as well as prominent artists, to offer one-of-a-kind NFTs to its location in the form of photographs, artwork, and other mediums. - Taro Koki, President of Kuruma NFT Inc. in his remarks, , stated that the company has decades of experience in the automotive media sector. This will be critical as we work to build a truly dynamic and dedicated NFT arena, using the wonderful relationships we’ve already established with firms and personalities,” says the CEO.
Spores’ executive chairman, Duc Luu, stated, “We’re happy to be a part of Kuruma’s aim of enabling businesses to spark Web3 engagements.” Spores’ Chief Content Officer Allen V. Dam remarked, “We’re happy to be a part of Taro’s aim to incorporate the automotive sector into Kuruma NFTs.”