SPUME - designed aiming to target every corner of the cryptocurrency space

 

MARKET ANALYSIS

With many active trading platforms charging fees up to 7%, and an average of 3% we can safely assume that there were approximately $1.2B in transaction fees alone in 2021, derived from approximately $40B in NFT revenue. These fees on some occasion go towards gas, but in most instances it is pocketed by the platform. There is currently a major gap in the market for a truly decentralized NFT marketplace that will function adequately enough to meet the needs and values of Web 3.0. A system that can redistribute these transaction fees to a community of token holders will provide not only the proper ledger maintenance, but also communal morale for artists, traders, and investors. With this large amount of transactions a well-organized and interactive DAO is very attainable, as well as a very sizeable user base, both from the standpoint of an NFT guru or a token holder, this is a project for all. 2020 March 2021 March 2022 Dec. 4B 3B 2B 1B 0B C


OpenSea, referenced in the graph,* showed $1.1M in revenue in March 2020, and exactly one year later did $3.4B in the month of March, 2021. December of 2021 produced $3.3B in sales, showing a consistent pattern.


TARGET MARKETS

With the large amount of components in this system, we intend to appeal to a vast consumer base comprised of various demographics. These markets can be broken down into three main categories- creators, investors, and stakeholders. This is a broad overview that is explained in detail below. Creators- This includes but is not limited to: Artists, celebrities, content creators, politicians, athletes, titling companies and banking systems. In this grouping we include the people and entities that will be involved in the creation of NFT's, which can and will come in the form of many mediums. Investors- Again, included but not limited to: Art collectors, NFT traders, asset consumers, cryptocurrency investors, corporations, investment firms and banking systems. These are the people and entities that will benefit from the NFT transactions on our platform, whether buying from creators or buying and selling on a secondary market. Stakeholders- Our third class is that of token holders. This is an individual who sees the benefit of holding an investment in the exchange system and chooses to financially support the idea. Decisions on large updates to the marketplace and additional utilities will be voted on by SPUME token holders. In conclusion, the way that SPUME is structured aims to target every corner of the cryptocurrency space as we know it today. There is utility available to every user of Web 3.0 built into this apparatus.


The types of NFT’s we interact with will follow the standard OpenSea has helped standardize, ERC721 and ERC1155.


Our initial NFT Marketplace functionality will include:

·        Listing NFTs both for instant buying or for auctioning

·        Buying and bidding on auctioned NFTs

·        The ability to create collections (NFTs under a single contract)


Our initial NFT Marketplace data will include:

·        Collection holders, floor price, volume, and percent change in price

·        Individual NFT trades and prices at those trades

#spumetoken #spumemarketplace #foxcampaigns #nft #nftart #nftcommunity #nfts #blockchain #crypto

COMPANY INFORMATION

Website: spume.io

Email: team@spume.io

Phone: (707) 881-9021

Twitter: www.twitter.com/spumeio

Discord: www.discord.gg/drsUncjXJr

Instagram: www.instagram.com/spume.io/

Telegram: www.t.me/spumeio

Tiktok: www.tiktok.com/@spume.io

Token Contract Address: 0x0e9776bef2b9ad81759e6d304d22d3c1b1f26087

#spumetoken #spumemarketplace #foxcampaigns #nft #nftart #nftcommunity #nfts #blockchain #crypto


BTT Username: Suthisna

Wallet: 0x1EFA9C436C4FEDA0537cDb6d99F7EcBbe93E1f00

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