The Spume Ico Protocol is an end-to-end transactional layer that facilitates payment infrastructure for physical and digital non-fungible token assets on the Ethereum blockchain. The Spume Protocol will enable anyone to build branded and personalized NFT marketplaces complete with on-chain payment processors while being able to tokenize both physical and digital assets. These can include but are not limited to: digital/physical art and real estate, intellectual property and its licensing, patents, and luxury goods.
This opens the Spume Protocol up to all specific industries and allows users to conduct tokenized asset finance efficiently and efficiently. Spume sees a future where branding is scalable via distribution channel partners, thus allowing brands/influencers/gaming ecosystems and other industries to implement end-to-end customized & branded non-fungible asset commerce.
Spume is a community governed holder-owned NFT marketplace that facilitates the non-fungible tokenization of physical and digital assets and removes brokers, banks, and other centralized authorities from unjustifiably taxing the transactions and property of individuals.
Spume’s vision is the complete removal of all intermediaries that prey on individuals during the trading of digital and physical goods. This covers a broad range of markets meaning everything from artwork to real estate will be tokenizable and tradable on Spume’s marketplace. All revenue generated from Spume’s marketplace is given directly back to SPUME token holders. The marketplace and all decisions on development are directly controlled by SPUME token holders with a governance system unlike anything ever seen before.
Tokenize And Trade
From Bored Ape Yacht Clubs to New York City condos, Spume will be the community owned and governed marketplace for trading and tokenizing assets.
Houses Without Banks
One of the most institutionalized and inflated industries in the world is real estate. With the amount of brokers, agents, and other middlemen in this market at an all time high, there is a desperate need for a more efficient and cost effective solution for home buyers and sellers.
The smart contract process is being crafted around the current, existing legal system instead of waiting for legislation to catch up with blockchain technology. The tokenization protocols for physical land assets will make the liquidity of real estate be measured in minutes or hours, instead of weeks or months; it will turn four or five necessary middlemen into one.
Art Without Brokers
Digital artwork is thriving on the blockchain with the number of NFT artwork holders growing exponentially. This is largely due to marketplaces like Open Sea eliminating brokers and instead using smart contracts to handle the transacting of fees and NFTs.
They intend to build off of the work done by large marketplaces like Looks Rare and Open Sea. Specifically, both aforementioned marketplaces have vetted and secure smart contract systems which they will combine to yield the best aspects of both.
Tokenization of music and other intellectual work and digital properties gives immense flexibility to the way licenses are handled and royalties are paid out. They aim to standardize the way royalties and licensing are handled on the blockchain, giving creators complete control over their property and cutting out intermediaries such as record and licensing companies. Specifically, they want standardize the way the tokenization of these items occurs, which will directly lead to further adoption of standardized royalties and licensed use.
The Abolition of Centralized Authority
Every decision about Spume’s marketplace including the design, development, and future expansion will be controlled by the Spume DAO. The Spume DAO consists of two parties, shareholders and members. Members are those who work for the DAO and shareholders are those who hold SPUME tokens.
The Spume DAO will be controlled by a governance system unlike anything seen today. Most notably, shareholders will all have an equally weighted vote regardless of the number of SPUME tokens they hold. Shareholders will also be able to add and remove members of the DAO as they see beneficial.
The goal of the Spume DAO is to create a true democratic republic where no small group of individuals control the direction the platform takes.
Revenue Sharing With Spume Holders
All revenue generated from the marketplace’s transaction fees will be given directly back to SPUME token holders proportional to the amount of SPUME the individuals have. They chose this revenue sharing model for two specific reasons. One, sharing fees with shareholders (individuals who hold SPUME tokens) will incentive participation in the governance of the Spume DAO. Two, because the DAO owns 20% of the total tokens, they are obligated to 20% of all revenue the Spume marketplace generates, providing continual funding for future development.
Marketplace transaction fees are flexible and can be voted on by shareholders of the DAO. To provide an example for revenue sharing lets assume Spume just launched, only trades NFT artwork, charges a flat 2.5% fee, and is 1/10th the size of Open Sea. In this scenario Spume will trade roughly $7.6 million in NFT volume per day, redistributing $190,000 per day to SPUME token holders. To be eligible to share in redistributed rewards, a holder’s SPUME tokens must be staked. Assuming 35% of SPUME tokens are staked, each SPUME token will reward its holder with $0.0054 per day. That is a 1% return per day assuming they bought the SPUME token at our exchange listing price of $0.50 per token.
The total supply of SPUME is 100 million. This is a fixed supply, there will be no SPUME minted or burned. The SPUME token has already been created and the total supply can be verified at the Etherscan link below.
Spume is an ambitious ever evolving project. The direction our roadmap takes may shift slightly as we adjust to best realize Spume’s vision: the complete removal of all taxing intermediaries.
It should also be noted that the development of Spume will be incremental. Features involving various add-ons will launch at different times. We do best with roadmap to show the development life of Spume, but it often will not be as linear. Most often various real estate features and artwork features will be under development simultaneously.
The goal is for a Q3 2022 launch of the mainnet NFT artwork marketplace with the SPUME token staking feature for revenue sharing, and a Q4 2022 launch of the mainnet Real Estate and Licensing tokenization and trading platform.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.