Spores Network: The Full-Stack NFT and DeFi Platform for Creative Industries

Non-fungible tokens, also known as NFTs, are quickly becoming a huge point of interest in creative communities. These unique items provide an opportunity to redefine the art world in a digital space by offering more value than ever for digital items. The Spores Network is poised to play a role in this by creating a new online marketplace designed specifically for the support of independent digital creators. In this article, we will explore how this marketplace works to benefit both creatives and collectors alike by creating the perfect DeFi platform.

What is an NFT?

An NFT is a digital work of art that can be traded online. NFTs cover everything from drawings to music — and all the way to games and videos of all sizes. What makes NFTs special is the ability to create an absolute original. In the same way that a person would pay more for an original painting than a print of one, NFTs allow creatives to sell the only “true” piece of work, all while maintaining what they need to make less valuable copies. Already, memes, songs, and video clips are being sold for millions of dollars.

What is the Spores Network?

The Spores Network is a NFT and DeFi platform that was made for the verification, sale, and trade of NFTs. It provides a connection point between creatives and collectors alike to provide an easy point of purchase. NFTs can be sold and traded after verification, making it a valuable digital space in an ever-changing art world.

This platform aims to provide an easy space for all NFTs transactions. By creating a platform for creatives to connect with interested buyers, the Spores Network empowers the growing digital art world. Already, the advancing interest in this kind of trade has created a need for this marketplace. At Spores, they aim to make it all possible in a simple platform.

How Does it Work?

The Spores Network is focused on utilizing DeFi in combination with NFTs to create a marketplace and community. To make this all possible, a lot needs to be done. Fortunately, Spores makes it easy for anyone that is interested in this kind of experience to get more out of it.

Verification

When a new NFT is submitted, the platform will verify the integrity of it. Each submission will be fully vetted before entering the marketplace in order to ensure that it falls in the right area. By relying on an AI assistant, the platform can check for existing copyrights to ensure that the item is new and legal before it can be minted and submitted for auction.

Decentralized Exchange

After an item enters the platform, the need for a NFT decentralized exchange is present. Using a cross-chain interoperable DEX, users can easily trade NFTs for fungible crypto assets. Ultimately, this means that the NFT liquidity receives a large boost — and all of this is accomplished while reducing transaction fees.

The Marketplace

The Spores Network encourages the possession and trade of NFTs by creating a space for their use. For game developers and digital content, NFT holders can actually play with and trade their NFTs on their own terms. Of course, that might not hold their interest forever. To balance this, the Spores Network offers easy access to their growing marketplace.

Within the marketplace, users have the opportunity to auction and exchange their NFTs in an easy-to-use platform. You don’t need to be incredibly tech-savvy to benefit from this marketplace and what it can offer. The Minting and Management Interface (MMI) is a blockchain-agnostic that has been designed to make it possible for anyone to enter the marketplace and trade with no prior experience.

The Takeaway

Anyone who is looking to jump into the world of NFTs will be happy to spend time navigating the Spores Network through its convenient and easy-to-use app. Already, this platform offers a space for all kinds of digital investments including digital art, esports, and more. As minting becomes more efficient, users have more to gain. Within this platform, there are a long list of incentives that are designed to catch the interest of creators and collectors alike. This platform is just getting started, but there will be even more to benefit from down the line!