The Spores decentralized exchange is a cross-chain interoperable DEX allowing NFT holders and DeFi users to trade NFTs for fungible crypto assets across BSC, Ethereum and Polkadot- Substrate. The DEX is supported by decentralized wrapping and cross-chain atomic swap protocols to make transaction seamlessly regardless any underlying blockchain. Moreover, the DEX provides extensive decentralized finance utilities, for instances, staking, NFT-collateral lending, farming, LP & transaction mining. Thus, NFT liquidity is significantly improved while reducing high transaction fee on Ethereum
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. And as we’re discussing about the Spores DEX, it’s proven that the NFT marketplace place 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. So does the NFT DEX enable NFT swaps & wrapping across major blockchains (Ethereum, BSC, Polkadot) — erasing market fragmentations
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. In addition, 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 Fractionalizing multiple NFTs, utilizing LP mining on DEXes, lending & staking, to improve overall liquidity
Finally, An interoperable NFT Defi platform is the foundation of the future of digital “metaverse” which is envisioned by spores, and it allows for frictionless and borderless NFTs economies transaction to take place. Also users enjoy;
User friendly; Everyone can create NFTs without coding skills and trade without underlying blockchain knowledge
NFT drop; Free NFT drops from notable & exclusive creators to users and LPs.
