Spores Digital Art Initiative
Advisor’s Voice — Jeffrey Lee
For the first time in history, the crypto and art worlds have come together (and oftentimes clashed) due to the recent boom of the non-fungible token (NFT). Social and mainstream media further propelled the spectacle, with the art world gawking at astronomical prices achieved by previously unknown (to them) artists, and the crypto “hodlers“ rejoicing in their clairvoyance, sending shockwave after shockwave through both communities. Since then, the art and crypto worlds have collectively stepped back from the hype and started focusing on more long-term and sustainable strategies. The daily barrage of “hot drops” on certain marketplaces has receded to more thoughtful and managed presentations that are more appealing to both artists and collectors, and most importantly, healthier for the market. Ask any reputable artist and they’ll tell you; their creations were never meant to be flipped within milliseconds after their initial sale.
Early narratives in NFT discussions have also touted the ability to eliminate all the intermediaries such as galleries and auction houses. Many hailed a more democratized market that removes these so-called ‘gatekeepers’, enabling transparent, decentralized, and direct interactions between buyers and sellers. In the art industry, however, those intermediaries play a vital role that cannot be automated and replaced by smart contracts: exploring the space, revealing the artists, and further building their profile and value.
With over 18 years of experience in the traditional fine art industry, Spores Network’s Chief Art Curator Jeffrey Lee — former specialist at Sotheby’s New York, Hong Kong, and director of Longmen Art Projects (Shanghai) — has always believed in the value of curation and emphasis on individual artists and their unique stories. Utilizing the Spores marketplace as well as our physical exhibition venues, we will be able to host regular, offline opening receptions as well as online presentations of thematic single artist and group shows. Spores Network offers our deep understanding and multi-disciplinary expertise and aims to refine the taste and value of NFT art for both the art and crypto worlds.
For each “Featured Artists” (Marketplace)
Teaser — 3~4 weeks prior to public sale with images and brief intro of each artist
Press Release — 1 week prior to public sale
Press day — 3 days prior to public sale where media may get first glimpse of artworks
VIP Private View — 1~2 days prior to public sale where VIP Collectors/KOLS can view and sign up for presales on limited or open editions, and pre-register for bidding on timed auctions.
Physical gallery shows (Shanghai, Hong Kong, Ho Chi Minh)
Digital Art-NFT — solo/group show each month on a rotating schedule (One physical show each quarter per location) with the option of inviting Collector/KOL/Celebrity guest curators.
Other collaborative events & venues in consideration — Art Fairs, Museums, Shopping Malls — TBD
About Spores
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. To that end, Spores has built a cross-chain DeFi-powered NFT marketplace defining decentralized pop culture, sharing NFT content across gaming, esports, animation/anime, digital fine arts, music, and film/TV. 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 a diverse team of advisors across blockchain and entertainment.
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