Spores AMA Recap

Weekly AMA Recap

Published in

Spores Network

5 min readJul 2, 2021

These days we got tons of questions asked by community members, as well as Chief’s answers. We were happy to see such a fantastic response from the community and thoroughly enjoyed answering our community member’s questions.

Some of the most asked questions

Q: Tell us what #Spores is, and what are you guys trying to showcase?

A: Spores Network founders deeply believe that a digital “metaverse” is being built today that will revolutionize our thoughts and behavior with respect to living, owning, sharing our physical and digital lives.

Spores seeks to empower creators to create, exchange, and communicate their life’s work.

We believe in a future that is creator-centric, frictionless, borderless, community-driven and we want to be at the epicenter as an ecosystem with a marketplace, de-fi tools, and venture fund that seeks to create value through project funding and support for our community.

Q: Does your team have a professional background and sufficient experience in different fields?

A: Duc comes from an ed-tech, proptech, and marketplace POV: Duc built and sold an Edtech startup in Hong Kong, sold it to Bain Capital Private Equity China and then took the parent company public on Nasdaq in 2017 for over $1 billion valuations.

He spent the next two years as Chief Strategy Officer looking at Edtech M&A and incubation opportunities worldwide. For the last two years, he’s moved back to his homeland of Vietnam to build the country. He served as COO of Propzy, a proptech play, where he helped raise $25 million from Softbank Ventures Asia, Gaw Capital, and Insignia Ventures.

The company currently has over 20 stores in Vietnam. Soon he was poached by One Mount Group’s venture OneHousing to lead strategy and operations as COO, looking to scale another proptech play with backing by Vietnam’s top two billionaires of Real Estate and Banking. He’s a contributing writer for Vietcetera, TechinAsia, and keynote speaker in Edtech, Proptech, and now Crypto.

Eric’s pretty badass himself…Eric’s background is in Investment and Trading, first working on the Trading Desk at the largest Japanese Investment Bank — Nomura in London, trading a book of over 300m USD of high yield and distressed credit for 5 years. Later, Eric moved to Elliot Management, one of the world largest hedge funds with over $70bn AUM where

Eric was a senior investment analyst overseeing a portfolio of over $2bn. Eric joined the cryptocurrency space in early 2017, and actively invested and advised in many early-stage blockchain projects. He was poached by One Mount Group’s venture OneHousing, a venture created by Vietnam’s top two billionaires of Real Estate and Banking to create financial derivatives products for real estate in Vietnam.

Q: Will Spores Network only focus on the Asian market? Are there any plans to expand to other continents?

A: By focusing on Asia, we mean Asia-centric content. An example would be: Anime is very popular in the US. So our content is Asia-centric but our audiences are clearly global.

We’re also very focused on entertainment vertical industries, such as gaming, esports, animation, celebrity (film/tv/music), and digital fine art/collectibles. Within those verticals, we will expand toward other regions.

Actually, time and again, we’ll use our community to get feedback on what NFT content we should create/bring onboard. When I ask you those questions, it’s really our team biz deving :)

Q: The art and entertainment side of Spores will definitely help build a strong community and develop the project even further 🔥 What services do you provide to the community?

A: Yeah, we’re talking to lots of cool galleries, talent agencies, producers. Spores Network explores the extensive nexus between NFTs and DeFi markets. It is necessary to show readers a deeper look at Spores NFT-DeFi model, which basically combines NFT marketplace and DEX. Spores targets to erase the barriers and frictions caused by blockchain technical issues, then help artists, designers, game developers efficiently monetize their works via DeFi space.

Furthermore, Spores facilitates DeFi traders with financial gamification in the NFT space, then helps them to enjoy and earn from collectibles, game items, digital cards & other creative content. Spore’s DEX is specialized for the NFT market, roughly speaking, to provide the most optimized liquidity and financialization for all NFTs in accordance with the native governance/utility tokens of NFT platforms. Spores aims to build a marketplace with low and efficient fees (supported by a layer-2 scale solution) which seems now the biggest pain-point of the NFT market.

Q: What are your top priorities in 2021? Could you share some plans for the upcoming year?

A: To launch “Asia’s premier NFT Marketplace” curating content from countries like Vietnam, China, Korea, Japan, and more.

Notable Milestones:

MVP Alpha (UI/UX): Spores has already completed its system architecture design, user flow, and UI/UX.
MVP Beta (Public): in development — projected to release on 8 August 2021.
Blue Chip Investors signed/project oversubscribed/funded within 2 weeks

We generally can’t talk about the biz dev stuff as negotiations and preparations are always quite sensitive, but rest assured, we’re signing big names. and we’re not going to sell stuff for $2!!!

You can see the original AMA conversation on our Global Telegram Channel https://t.me/sporeseng

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.

Join our collective. Tell your story. Share our vision, at Spores Official!

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Spores AMA Recap

Weekly AMA Recap

Some of the most asked questions

Written by Spores Network