SparkPoint and Spores Network Partnership
SparkPoint and Spores Network have tied the knot on their partnership agreement that will bring mutual benefits to the two projects in the NFT and DeFi space.
The partnership will bring the SPO token, the native token of Spores Platform, to the SparkPoint Wallet app, adding to the growing list of supported tokens of the in-house made wallet app. The token will also be listed on SparkSwap decentralized exchange (DEX), with associated staking options on SparkPoint’s DeFi platform, SparkDeFi, to boost SPO’s liquidity and userbase. This will bring their token to mass adoption through the DeFi services that SparkPoint currently offers. SPO is used to incentivize NFT creators, buyers, agents, and liquidity providers across Spore’s ecosystem.
▶ Spore’s Tokenomics
On another note, through the partnership, SparkPoint’s Crypto Slicer NFTs on Open Sea will also be made available on Spore’s NFT Marketplace in the future. Spore’s interoperable NFT-DeFi platform features wrapping of NFTs across major blockchains like Ethereum, Binance Smart Chain, and Cardano, erasing the fragmentation across these blockchains. So, you can expect that SparkPoint’s NFTs will also be wrapped through this feature and will be available to other blockchains. Future NFTs from SparkPoint can also be minted and marketed directly on Spore’s NFT Marketplace. The possibility for SparkPoint to list NFTs for Lending and Staking services through the marketplace is also imminent, which will be featured in SparkPoint’s upcoming Peer-To-Peer (P2P) Lending and Borrowing services — launching on SparkDeFi Web app on the last quarter of 2021.
▶ SparkDeFi Website and Roadmap
About Spores Network
Spores seeks to empower creators to create, exchange, and communicate their life’s work. To do so, Spores envisions an NFT platform which is both feature-rich and cross-chain interoperable — allowing users to issue NFTs, auction and exchange the assets and utilize other DeFi products without any barrier.
About SparkPoint
SparkPoint or officially, SparkPoint Technologies Inc., is a duly registered corporation in the Philippines under the SEC. The project was launched on October 5, 2018 and is one of the pioneer cryptocurrency startups in the Philippines. The project aims to fast-track mainstream adoption of blockchain and cryptocurrency through an ecosystem of practical products and services.
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