Twin Apex Capital partners with Spores to drive forward a borderless NFT marketplace
Twin Apex Capital is excited to announce our strategic investment in Spores Network.
NFTs have been shaking up crypto space for the past year, boasting use cases ranging from gaming to authenticating artwork. However, despite the popularity of NFTs, NFT development and adoption are faced with many challenges. To enable the development of NFT applications, such barriers need to be overcome.
Spores full-stack NFTs & DeFi platform bridges the gap between the centralized and decentralized world.
Many non-crypto-native NFT projects will struggle to bridge the gap between the relatively self-governed decentralized realm and the centralized realm bound by various rules and regulations.
In addition to this, NFTs are fragmented on many marketplaces without a seamless connection. For example, NFT owners cannot sell their Ethereum-based. NFTs for BEP-20 USDT without an intermediary.
Scalability & transaction fee. The development of NFTs is heavily dependent on underlying blockchain infrastructure. Fees and incompatibility are hindering the scalability of NFTs.
Alongside this, the lack of accessibility when it comes to NFTs is a real problem.
How SPORES solves the problems in the NFT space
Spores’ ultimate goal is to build a full-stack NFT platform consisting of an NFT minting portal
and a marketplace for trading NFTs, supported by cross-chain interoperable decentralized
finance protocols, which is feasible to solve the limitations mentioned above of NFT space.
Furthermore, Spores marketplace is blockchain-agnostic and friendly for everyone to join.
Spores platform to improve NFT liquidity and make seamless capital access and financialization for the new class of crypto assets. Spores is a complete combination of an NFT minting platform, a marketplace, and a DEX for NFTs. Twin Apex Capital believes that the composition of NFT and DeFi will bring significant progress for the crypto space, and Spores will drive the vision of making it more applicable in the real world.
Spores Network founders believe that crypto will lead to decentralization of ownership and frictionless redistribution of capital. Their mission is to create an NFT ecosystem that is creator-centric, community-driven, frictionless, and borderless.
Spores are Duc Luu (Nasdaq IPOed serial entrepreneur ), Eric Hung Nguyen (former senior investment analyst at a top-10-worldwide hedge fund and blockchain angel investor), Paven Do (former blockchain & cryptonomics researcher at HK Applied Science & Tech. Research Institute), and a diverse team of advisors across blockchain and entertainment.
About Twin Apex
Twin Apex Capital is a venture capital firm that makes early strategic investments in blockchain companies. We support our projects by way of investment, consultancy, and large-scale exposure. We are constantly on the lookout for projects which are set to disrupt the blockchain sphere with unique and leading-edge technologies.