Spores Network
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Spores Network

Ready Player SPORES

Spores CEO sharing

2013 was a memorable year for me, it was my first working year and as an investment analyst at Nomura — the Japanese largest investment bank in London, this was a dream come true for any Finance major student.

The trading floor was vast and vibrant, with Bloomberg TV over our heads constantly reporting financial news. This was my world and I thoroughly enjoyed it. It was late 2013, when Bloomberg started reporting about bitcoin and its parabolic rise, many professionals in the industry quickly dismissed it. Personally, I was too junior at the time and probably forgot about it without much of a second thought.

ICO Mania of 2017

Fast forward 2017, I was managing $300m trading books of high yield and convertible bonds. Years on the trading floor have taught me many things. I have had trades that did amazingly well, trades that went wrong (luckily nothing went terribly wrong, otherwise I would have been “carried out” — term of trading world for traders that lost too much money and got escorted out of the trading floor).

In early 2017, Bitcoin again caught the headlines in many newspapers, most of my colleagues again were skeptical. But the experience taught me that a good investor always keeps an open mind, so I spent hours and hours of research, reading Bitcoin white paper, Ethereum white paper, and any blockchain materials that I could get my hands on. Soon I opened my first trading account and dove into the blockchain world.

This was a time when you utter the world bitcoin, all that comes to mind for 99% of the population is money laundering, drug money, the dark web; a time when bitcoin was taboo in the traditional finance world — Jamie Dimon, CEO of JP Morgan, infamously declared that he will fire any traders on the spot if he finds out that they traded crypto of any sort.

I was so captivated and excited that a few weeks in I wrote an email to a group my friends and described my experience and these are my actual words in 2017: “The industry is refreshing, it doesn’t feel like traditional finance at all, liberating and full of opportunities, opportunities that would not exist for retail investors in the traditional finance world.”

I was so sure that this is the opportunity that happens once in a generation, just like the birth of the internet. This revolution is something on that scale if not much bigger, the global redistribution of wealth, the new mode of payment, trustless society, and much more.

NFT and Defi Era

In late 2020, when I met my co-founder Duc, we both shared a vision of a future of the digital metaverse. Imagine The Matrix meets Ready Player One, we believe that this will be the world in 15–20 years from now. People will spend a significant part of their time in that world. NFTs for us are digital ownership and the foundation for a digital revolution of which we at Spores want to be at the center.

Present Day

Spores Network’s plan is to first roll out a full-stack Asia-focused NFT marketplace. Our second phase would be to build the DeFi solutions to support our Spores NFT marketplace. The third phase is our ecosystem venture fund, to invest in content and IP, and other NFT/DeFi ecosystems to bring onto our Spores platform.

Spores believes and hopes that this is the first small step in our long and exciting journey, we are very happy to have fervent communities join us on this road. In our next update, we will share more about tokenomics, our thoughts on the NFT marketplace, and how we differentiate from our competitors in bringing NFTs to the masses.

~Eric Hung Nguyen — Spores Network CEO, Co-founder

About Spores Network
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 Network chooses to be a cross-chain DeFi-powered NFT marketplace defining decentralized pop culture. Spores co-founders include 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.

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