Spume offers a great protocol that is an end-to-end transactional layer. It facilitates payment infrastructure for both physical and digital non-fungible token assets (NFTs) on the Ethereum blockchain. This protocol will enable any user to build branded and personalized NFT marketplaces complete with on-chain payment processors. Moreover, customers will be able to tokenize both physical and digital assets. The latter could include digital or physical art and real estate, patents, intellectual property and its licensing, and luxury goods.
The Spume Protocol will offer services to users in all specific industries. It will also allow customers to conduct tokenized asset finance efficiently and efficiently. The company sees a future where branding is scalable via distribution channel partners, thus enabling influencers, brands, gaming ecosystems, and other industries to implement end-to-end customized and branded NFT commerce.
Furthermore, the founder team has created the SPUME utility token that powers the Spume ecosystem. The token holders will get all marketplace revenue in the form of 0-5% of transaction fees. Customers who stake SPUME will also have a chance to earn additional tokens via the given APY. Besides, they will become eligible to vote on platform features through its voting portal.
According to the company, fees paid with the SPUME tokens across any partner platform, including the platform’s marketplace, will be eligible for a discount based on the amount of tokens held within a customer’s wallet. SPUME will additionally power the Spume DAO. The latter will become the governing body that will facilitate Spume Protocol, its marketplace, and all partner platform developments beyond 2022.
The team also offers External Vendor Incentives. That means fees and subscriptions paid by advertising partners, NFT projects, and brands using the NFT storefront creator in SPUME will become eligible for price discounts. They will also get exclusive access to Spume Analytics.
What about the Spume Marketplace’s functions and utilities?
Spume’s marketplace boasts great functions and utilities. These include NFT Marketplace Aggregator, Multi-Asset NFT Trading; Multi-Chain Compatible and Cross Chain Enabled; Instantaneous Royalties; and Proprietary Asset Valuation System.
The Spume Protocol powers the Spume Marketplace. It is a marketplace aggregator that collectively aggregates all tokenized assets, as well as branded NFT marketplaces built using the Protocol itself. The Spume Marketplace will be able to trade any type of tokenized asset on the platform. The platform will do that both natively and via 3rd party integrations. Initially, the marketplace will only support digital collectibles or art trading natively, though.
Moreover, the Spume Marketplace plans to provide support for all EVM-enabled blockchains – starting with Ethereum. The company also noted that the platform would ensure that all payments are instant upon sale.
The community will own the native marketplace. Its members’ influence depends on the distribution of the Spume utility token, though. Balanced governance will allow token holders to both votes and put forth proposals to be voted by the rest of the community in a fair and equitable manner.
The team also created Proprietary Asset Valuation System. This is a true valuation system that combines fiat banking with great tools to collateralize NFTs. The team accomplished that by working with art, data, and brand value appraisers (IP rights), aiming to create a seamless valuation process.
What about Spume’s team?
The founders of Spume are Zevin Clark, Kenny Patel, Beauregard Moody, and Silas Marvin. Kenny Patel is a serial entrepreneur. He has over 20+ ventures in different industries under his belt. Besides, Patel is a relentless force in social media and influencer marketing. He was also a partner in Project Rumor, one of the largest influencer houses in Belair. And he brought a fresh yet disciplined approach to growth hacking and digital marketing to this project.
Meanwhile, Zevin Clark is an experienced serial entrepreneur. He has been involved in four successful start-up companies in the last five years. Clark has had experience in raising over a million dollars for companies that he’s helped found or is a partner.
Beauregard is currently in charge of the overall direction of the project and provides advisement in all aspects of it. Over the last five years, he has been involved in managerial roles in four major blockchain projects on Ethereum, Cardano, and Bitcoin. Some of his roles have included: Compliance Director, Head of Marketing, and CEO. Moody has a Bachelor’s degree in Political Science from Pepperdine University. However, his specialty remains in guiding the Spume platform through the complicated and ever-changing area of compliance and regulation on a global level.
How many Spume tokens are circulating currently?
SPUME is an ERC-20 token. Its total supply is 100 million. This token is an implementation of Open Zeppelin’s standard ERC-20 token, but with the addition of their snapshot class. According to the founder team, there will be 15 million tokens in circulation out of the 100 million at first.
Users can purchase Spume through the Sphere Launchpad. The company also stated that other launchpad entrances would be available soon. Customers can find its listings on the company’s website. In addition, the team will list Spume on a top five centralized exchange soon and then proceed to list it on multiple other top centralized and decentralized exchanges.
The platform launched the initial coin offering on July 26, 2022. The sale will end on August 10, 2022. 625,000 SPUME will be available for purchase for the price of $0.400000 during the initial coin offering. That is 0.25% of the total supply. The team aims to raise $500,000 with the sale. The platform accepts SOL and USDC in exchange for SPUME tokens. Overall, this project has strong potential. It also boasts a well-developed roadmap. SPUME token’s value will likely increase over time, as well. s
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