Spores Network: Changing the Industry
The Spores Network aims to be the premier NFT marketplace with five vertical pillars.
Introduction
With the advent of cryptocurrency and NFTs, blockchain enthusiasts’ core community understands that NFTs mean more than digital assets. As such, ChainBoost beleives in aligning with high-quality and promising projects — enter the Spores Network.
Spores Network is a blockchain NFT project that believes that a metaverse is real and that people should be equipped to utilize such a space by giving creators the ability to establish, trade, and communicate their life’s work through a means of exchange.
In short, Spores Network wants to facilitate an NFT ecosystem — not for the “real world,” but for the digital asset world.
The Spores Network
At the core of the project, the Spores Network is a full-stack NFT platform with inherent benefits of blockchain interoperability and decentralization. To create and maintain something of this caliber, Spores Network is packed with integrity-rich features, which allow them to take on the exponential growth that NFTs should see over time:
- Cross-Chain Trading: one major highlight of the Spores Network is swapping and wrapping NFTs across major blockchains like Etheruem, Binance Smart Chain, and Cardano. This helps make it easier to trade NFTs and use NFT aligned projects and erases the fragmentation of the market by allowing one main road for transactions.
- DeFi Infrastructure: a true project would not be complete without a comprehensive feature set on decentralized finance through the lens of NFTs. Features like fractionalizing NFTs (making them divisible with shared ownership) and liquidity pool mining on DEXes highlight what can be done on the Spores Network and lending and staking opportunities through the SPO token. Overall this helps create decentralized liquidity and promotes a healthy platform.
- Batch Mining & Transfers: NFTs don’t always need to be handled by themselves or as fractions. With batch capabilities, the Spores Network allows for multiple NFTs at one time to be minted or transferred, making the creation of tokens much easier and fluid. Additionally, Spores Network is expecting this to be done with minimal fees,
- Gasified Royalty Sharing: with a platform that creates NFTs and establishes an ecosystem, creators will want to maximize opportunity. As a result, the Spores Network has a royalty share program that allows incentives, creating a gasified experience.
- Comprehensive Tokenomics: the tokenomics for the Spores Network itself is also packed with many features such as platform fee discounts, staking, voting and governance options, incentives for using the DeFi-based features like LP mining and lending, as well as minting incentives and even a NFT club subscription. All of these features use the Spores Network token, or SPO, which will be used throughout the platform.
Spores and ChainBoost
The Spores Network is the newest public collaboration project with ChainBoost, a DeFi based boostpad and incubator platform for projects primarily focused on DeFi and NFTs. ChainBoost, which is powered by ChainGuardians, is a platform that strongly believes in the disruptive potential of NFTs and aims to position projects for success in this industry. The official launch of Spores Network on ChainBoost is on July 21st, 2021, and a dedicated Spores page on the ChainBoost website outlines the appropriate information.
Conclusion
Spores Network is a full-fledged NFT platform designed to take the NFT experience to the next level. By offering features such as fractional trading, batch minting and transfers, and gamified royalties, Spores brings a comprehensive DeFi experience to users. Through the ChainBoost collaboration, the Spores Network is ready to get Boostin’!
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