Cardano Based Spores Raises $2.3 Million to Become First Full-Stack NFTs and DeFi

HANOI, VIETNAM / ACCESSWIRE / July 16, 2021 / Spores Network, a blockchain agnostic and creator-centric full-stack non-fungible token (NFT) platform, announced it raised $2.3 million in new funding. Investors that took place in the funding raise include NGC, SVC, ExNetwork, SL2, Twin Apex, Focus Labs, Maven Capital, OIG, and Vivian Capital.

The platform is looking to ramp up its efforts towards becoming the first full-stack NFTs and decentralized finance (De-Fi) marketplace to adopt and integrate with Cardano blockchain and ecosystem. Lower transaction costs, lower carbon footprints, higher throughput, and loyal and widespread communities will bring NFTs to mainstream users.

“We at Spores Network are incredibly excited to launch our vision of NFTs and De-Fi with the support of world-class crypto VCs and KOLs who see a future that is frictionless, borderless, creator-centric, and community-driven to create, exchange, and communicate our physical and digital life’s work,” commented Duc Luu, Executive Chairman said.

“We will launch Asia’s premier NFT marketplace and decentralized financing tools to be the Alibaba and Alipay of the crypto world. Our marketplace will bring to market creative verticals such as digital art, gaming, animation, celebrity, and esports, providing creators in those verticals a share of revenue and voice,” Luu added.

Spores, founded by Duc and Eric Hung Nguyen, has a vision of an NFT platform that is cross-chain interoperable, where users can not only issue NFTs but also auction and exchange assets and utilize other DeFi products with no obstacles. This innovative platform is creator-centric and therefore optimizes minting, exchanging, and sharing creative work.

Pioneering in such a nascent ecosystem isn’t simple but advisors including American McGee, and visionary entrepreneurs Duc Luu and Eric Hung Nguyen are putting in the hard work in leading Spores to becoming the cross-chain DeFi-powered NFT marketplace defining decentralized pop culture.

The NFT world doesn’t seem to be slowing down, if anything, it might be spinning even faster if money is what makes the world go round. The rise of NFTs is naturally leading them to the mainstream world, where the public is recognizing an opportunity where anyone can invest and earn.

The leading investor and NGC founding partner Roger Lim agrees and says:

״The rise of NFTs as a new digital asset within the crypto universe signals a tremendous opportunity for everyone to inhabit, invest, and own our digital lives. NFTs and their metaverses offer a gateway for the non-crypto native to dip one foot into decentralization and frictionless ownership.”

“Eric and Duc, with the combination of world-class hedge funding trading and business building skills and experience, are exemplary of our investment belief in founders first and markets second. Spores Network is building a full NFT and De-Fi ecosystem, beginning with an NFT marketplace to power value creation by focusing on depth…