On August 2nd 2021, our community had a chance to welcome Spores Network
This AMA was held by Azcoinvestgroup Group – the crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, the Spores Network directly greeted the community and provided detailed information as well as some key products and future plans.
- Time: 08:00 PM (UTC + 7) on Monday, August 2nd, 2021
- Venue: https://t.me/azcoinvest
- Airdrop 100 USDT for the best questions in the AMA
Question for Part 1- Project overview
Question 1: So, Mr. Duc Luu, to start today’s AMA, can you give us a brief introduction about Spores Network and the occasion that lead you to the blockchain industry and Spores Network project?
I come from an edtech, proptech, and marketplace POV: I built and sold an Edtech startup in Hong Kong, sold it to Bain Capital Private Equity China and then took the parent company public on Nasdaq in 2017 for over $1 billion valuation. I spent the next two years as Chief Strategy Officer looking at Edtech M&A and incubation opportunities worldwide.
The last two years I moved back to my homeland of Vietnam to build the country. I served as COO of Propzy, a proptech play, where he helped raise $25 million from Softbank Ventures Asia, Gaw Capital, and Insignia Ventures. The company currently has over 20 stores in Vietnam. Soon I was poached by One Mount Group’s venture OneHousing to lead strategy and operations as COO, looking to scale another proptech play with backing by Vietnam’s top two billionaires of Real Estate and Banking. I am a contributor writer for Vietcetera, TechinAsia, and keynote speaker in Edtech, Proptech, and now Crypto.
Eric and I met during our time working at the Proptech and decided that Blockchain and NFTs are our true passion and started Spores together.
Spores is an Asia-premier NFT marketplace with supported De-Fi & Interoperability Tools
Spores Network founders deeply believe that a digital “metaverse” is being built today that will revolutionize our thoughts and behavior with respect to living, owning, sharing our physical and digital lives. Spores seeks to empower creators to create, exchange, and communicate their life’s work.
We believe in a future that is creator centricity, frictionless, borderless, community driven and we want to be at the epicenter as an ecosystem with a marketplace, de-fi tools, and venture fund that seeks to create value through project funding and support for our community
An interoperable NFT Defi platform is the foundation of the future of digital “metaverse” that we envision, it allows for frictionless and borderless NFTs economies transaction to take place.
Question 2: Please tell us about some potential points of Spores Network that make your project stand out from other competitors.
Spores Network explores the extensive nexus between NFTs and DeFi markets. It is necessary to show readers a deeper look at Spores NFT-DeFi model, which basically combines NFT marketplace and DEX. Spores targets to erase the barriers and frictions caused by blockchain technical issues, then help artists, designers, game developers efficiently monetize their works via DeFi space. Furthermore, Spores facilitates DeFi traders with financial gamification in the NFT space, then helps them to enjoy and earn from collectibles, game items, digital cards & other creative content. Spore’s DEX is specialized for the NFT market, roughly speaking, to provide the most optimized liquidity and financialization for all NFTs in accordance with the native governance/utility tokens of NFT platforms. Spores aims to build a marketplace with low and efficient fees (supported by a layer-2 scale solution) which seems now the biggest pain-point of NFT market.
We are focusing on 5 main verticals that you can find our website: spores.app
- Digital Arts
Within these 5 verticals we are working hard to bring amazing IPs and contents into the NFT space. Please stay tuned as there are many exciting announcements coming!
Gamified royalty sharing: Royalty sharing for NFT creators, incentives for users & traders with transaction mining
T-DeFi: Fractionalizing multiple NFTs, utilizing LP mining on DEXes, lending & staking, to improve overall liquidity
Batch minting & transfer: Bundles of NFTs can be minted and transferred with minimal fees
Cross-chain trading: NFT swaps & wrapping across major blockchains (Ethereum, BSC, Polkadot) — erasing market fragmentations
User friendly: Everyone can create NFTs without coding skills and trade without underlying blockchain knowledge
NFT drops: Free NFT drops from notable & exclusive creators to users and LPs.
Question 3:Could you please share some upcoming news or big events of Spores Network to our community?
MVP Alpha (UI/UX): Spores have already completed its system architecture design, user flow, and part of the UI.
MVP Beta (Public): in development — projected to release in August 2021.
We have announced a new Chief Content Officer – Mr. Allen Dam. Allen is a veteran Hollywood producer that has over 20 years track records and extensive network in the entertainment industry. Allen is the executive producer of the upcoming major AAA movie titles including Expendable 4, Rambo 5 featuring Sylvester Stallone and Lamborghini the Legend featuring Alec Baldwin. With Allen onboard, we aim to bring major title content and IPs to the NFT world.
We also have many major partnerships that we have secured that we will be announcing in the coming days
Questions for Part 2 – Pre-collected questions from Twitter:
Question 1: May you explain more about what is a full-stack NFT platform and what does it mainly focus on? How can cross-chain interoperable protocols can facilitate trading and mining on Spores with lower fee? @GenaRome99
Spores Network:we will mint NFTs on ethereum, bsc, cardano, wax, and polkadot.this will allow for cross chain trading ,lower fees on layer 2s,especially for games,we’ll launch liquidity pools as well
Question 2: In Spores’s whitepaper, I saw your that your team mentioned about the problems of NFT. The most outstanding feature is illiquidity & fragmentation. Can you explain about how Spores network solves the issue which seems to be very complicated? @LeedsTimo
We’re looking into NFT defi: fractionalizing, lending, escrow, NFT20 investment liquidity pools, price indexes, and ETFs as solutions
Question 3: I knew that Spores’s ultimate goal is to build a full-stack NFT platform bridging Ethereum, Cardano, BSC and Polkadot for frictionless NFT minting and exchanging. Could you name and explain the main technique you applied and some barriers to make it happen? @manny_sar
Spores Network:we’re looking at wrapping as one solution. but we’re also building on the protocols native standards. the industry is trying to tackle this solution together
Question 4: Staking is considered as one of the most crucial keys leading to the success of one network. Do you have staking program and what are its unique features compared to others in the market? @MichnMaz
Spores Network:actually, the staking program will come out in a couple weeks,stay tuned,the returns will be quite attractive
Question 5:Comparing to other platforms such as Enjin, OpenSea,…Spores seems to be more beneficial as it provides the services that others don’t have. Do your team have marketing plans to expand the local and global community? Also how you can gurantee the high-quality customer experience? @wideJade90
Spores Network:Spores Network: A blockchain agnostic DeFi-powered NFT marketplace defining decentralized pop culture.
What does that mean? We curate high quality NFTs and creators so that our customers don’t have to. When you go into Diamond Plaza in HCMC or Trang Tien in Hanoi, why do you buy? Because you trust the brands and quality that exist there. We want to be the same. We don’t care that anything can be minted as an NFT. We only care about sexy, cool, collectible things that can be NFTed. So that’s what you get. Highly skilled curators giving you the BEST NFT goods in the market, across our 5 entertainment and pop culture verticals
PART 3: BEST LIVE QUESTIONS
Question 1:How revenue is generated to sustain the project, and What plans do you have to attract more users in the future?
Our NFT marketplace generates revenue through NFT sales, and marketing fees. we plan huge marketing campaigns for China and Korea, and Southeast Asia in the next 6 months.
Question 2: I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ?
We are launching the ambassador program soon so please join our community. the point of the program is to get people who care about our project writing and memeing about it. so if you want to be a leader of the #sporesarmy, join the program!
Question 3:Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Check out our website to read about it! $SPO www.spores.app, we’re also on coin market cap now.
Question 4: As your project is built and grown, how do you take into account community feedback, contributions, and requests?
Spores Network:we believe we’re building a #sporesarmy and that community will be the very best of crypto. we will ask our community to be ambassadors, vote on new nft releases, vote on the direction of our biz dev and site functionality. please join!
Question 5:What companies are you partnered with or seeking to partner with in future ?
Spores Network:we jsut partnered with Polygon, Chainlink, and are talking to IOHK/Cardano, and more. We have a ton of games announcements coming out soon, more games are coming to our marketplace!
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
- Website : http://spores.app
- Twitter: https://twitter.com/Spores_Network/
- Medium: https://spores.medium.com/
- Telegram: https://t.me/sporeseng
- Facebook: https://www.facebook.com/SporesNetwork/
- Instagram : https://www.instagram.com/SporesNetwork/
- Linkedin: https://www.linkedin.com/company/sporesnetwork/