Company Website: https://www.spania.io
Company Email: info@spania.io
Employees: 0
Funding State: Bootstrapped
Industries
- Entertainment/Media (Games, Sports, Social)
Technology
- Blockchain
Business Model
- B2B
- B2C
Revenue Model
- Marketplace/Brokerage
Funding Sources
- Self
About
Spania.io is the 1st NFT marketplace in Greece. Selected creators put their NFT on our marketplace and our members can acquire them by paying in cryptocurrency or fiat money.
Solution & Product
We are developing the marketplace since the beginning of 2021. With the help of senior developers we have managed to create an infrastructure that has passed all tests of reliability, accuracy and user friendlyness. Building a blockchain application is not trivial, demands specialized knowledge and excuses no errors due the nature of blockchain, where records cannot be reversed / mutated.
Innovation & Scalability
We presented first the NFT innovation to the Greek market by offering a marketplace for creating, selling and buing NFTs. Network effect and the nature of blockchain accounts (addresses) creates an important first mover advantage. Having achieved all major development milestones, we have ahead of us major improvements to implement, like the feature of secondary sales of NFTs by our members. That will create scalability in terms of the liquidity and the interest that will increase. Simultaneously, launching NFT drops for major artists, athletes, celebrities, museums, sport clubs etc. will create an ever increasing stream of publicity, liquidity in the market, revenues, profits, re-investments.
Traction & achievements
The first NFT offered by Spania.io was created for/by Nick Galis, a world basketball legend. The first auction of Nick Galis' NFT reached the amount of 10.000 EUR which is considered a very good start, given the timing and the maturity of the Greek market.
Team & Why Us
Our team consists of entrepreneurs with 20+ years of experience solely in internet ventures. Our developers have acquired a rare expertise (blockchain development) that cannot be copied overnight. Operating in an ever-increasing field of NFT categories, working with new creators and expanding outside Greece will create very large increases in top line with limited impact in our operating costs.
Funding Needs
Funding will be used in two main pylons: development and marketing. Developers are needed in order to implement earlier all new feautures, ideas, innovation and scalability. Marketing is needed for three reasons: i) to increase the awareness of the public about NFTs, ii) to reach audience outside Greece, iii) to attract earlier important creators.
Spania.io is the 1st NFT marketplace in Greece, operating since October 2021.