Solanalysis, an NFT data analysis website on the Solana chain, announced the completion of a $4.5 million seed round of financing and renamed it Hyperspace. This financing was conducted a few months ago, but it was not made public until recently.
This round of financing for Hyperspace was led by Dragonfly capital and PanteraCapital, followed by Coinbase Venture, Jump Capital, Solana Capital, NFX, Galaxy Digital, Shima Capital, Coinbase Ventures, Sfermion, 6th Man Ventures, Soma Capital, Social Capital, Folius Ventures .
Hyperspace plans to build an NFT transaction aggregator to help users purchase NFTs in the NFT market on the mainstream Solana chain, and all transaction price information can be browsed and accessed in one place.
At present, Hyperspace has integrated multiple leading Solana NFT markets, including Magic eden and solanart, etc. Similarly, Hyperspace insists on its predecessor as an analysis and data platform product, and the NFT new section and the SOL overall market price analysis section have been retained and improved.
Hyperspace was co-founded by Kamil Mafoud, Santhosh Narayan, and Johnny Tan, who recognized the lack of fundamental infrastructure and tooling in the Solana ecosystem and set out to create a truly open NFT marketplace experience that brings projects together to deliver great user experience across platforms Experience, encourage value discovery and community sharing".
Mafoud commented: “With the increasing mainstream adoption of NFTs, we believe that users can buy and sell NFTs anywhere without being restricted by any one centralized party”.
He said: "Hyperspace is building an aggregated NFT marketplace that will allow users and creators to enjoy the openness and composability of web3 in its purest form, which has not been achieved so far, and in doing so, we are bringing together creators and creators to create a more decentralized, resilient and open future."
Paul Veradittakit, a partner at investment firm Pantera Capital, said: "In a world of open source and fragmentation, Hyperspace provides the aggregation needed through a unified front end, enabling everyone to display NFT listings anywhere on the network. The team Demonstrating anticipated capabilities and knowledge of the industry through analysis, we look forward to supporting the Hyperspace team as they push the boundaries of the NFT marketplace into a truly decentralized future, unencumbered by data control and ownership restrictions.
Hyperspace focuses on good user experience
Since the inception of Solanalysis, Hyperspace has allowed users to track the value of NFTs in their portfolios or connected wallets. As part of the rebrand, Hyperspace will also build new smart contract connectors for all listed NFT marketplaces to provide a more seamless experience for its users.
According to Hyperspace, there are no fees for any purchases made on their site (at least for now). This is done to increase market share and reduce user friction. Transactions processed by the aforementioned marketplaces will be paid directly to the artist of the specific NFT, if necessary. Hyperspace will be able to host NFTs as a fully functional marketplace where users can list their own NFTs on the site.
Hyperspace also announced that it is considering developing its token and forming a decentralized autonomous organization (DAO) for its users.
MMGG Focus
Unlike Opensea on the ETH chain, the Solana ecology is more colorful on the NFT, mainly due to the natural development advantages of the Solana ecology in the NFT field and the generous support of VC. Therefore, NFT platforms, NFT projects, NFT-based Gamefi projects and Socialfi projects are emerging one after another, and SOL's multiple 3A game masterpieces are being launched, which has accelerated the development of the NFT ecosystem.
Multiple NFT platforms are gearing up to become the top NFT marketplace on SOL.
The idea of Hyperspace is different from Magic eden and solanart. His idea is to be an aggregator, which is more like a product of NFT project analysis. It looks at the entire SolanaNFT ecology as an objective person, and focuses on the role of a service provider. Users provide NFT new creations, data rankings, price comparisons, market popularity, etc.
Like the matamask little fox wallet, as the largest web3 entrance, the little fox wallet itself does not do Swap, but it plays the role of an aggregator, which can quickly find the most beneficial transactions for users and avoid spending time and energy on it. Compete in the swap track, because the swap and defi tracks are already introverted enough.
On the road of rapid development of the blockchain, NFT has grown from a monopoly of 90% market share like Opensea last year to a multi-platform, multi-chain NFT ecological status quo. The seller's market has rapidly transformed into the current buyer's market. Hyperspace for users is extremely competitive.
Hyperspace, the future can be expected!
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