Spores Network is creating a marketplace and protocols for the Creative Industries, including Animation, Collectibles, Digital Artworks, Fashion, Gaming, and Sport Cards. The founders of Spores Network believe in the development of a digital "metaverse" that will transform how we live, own, and share our physical and digital lives. Cryptocurrency enables two exciting possibilities: decentralized ownership and frictionless redistribution of capital.
Spores Network aims to empower creators to create, exchange, and communicate their life's work. Their core values include focusing on the creator, creating a frictionless and borderless experience, and fostering a strong community. Holders of SPO tokens can propose and vote on on-chain governance proposals for the Spores platform. However, voting rights are limited to features of the platform, and do not include decision-making on the company's management or assets.
SPO tokens can be used to engage with third-party DeFi protocols, such as LP mining, staking, and collateral lending, and receive incentives for participating in these interactions. Users can also use SPO to pay for platform fees at a discounted rate and subscribe to periodic plans for NFTs, which provide exclusive rewards and access to exclusive NFT drops.
Overall, Spores Network combines NFTs and DeFi to enable a wide range of applications in the creative industries.
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