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Solanalysis raises $4.5 million, rebrands to Hyperspace By BTC Peers

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Solanalysis raises $4.5 Million and rebrands as Hyperspace

Solanalysis will expand its activities within the ecosystem. The Solana-centric NFT data site has rebranded to Hyperspace, purchasing a new domain – Hyperspace.xyz). There are plans to create an NFT marketplace aggregater.

Solanalysis was founded in order to monitor top NFT collections on the Solana cryptocurrency. The data site expanded their product offerings to include the launchpad for new collection launches and the capability for users to track NFT portfolios.

Hyperspace is now known. The seed round was led Dragonfly Capital, Pantera Capital and Shima Capital. Jump Capital and Solana Capital were also part of the round, as well as NFX Ventures, Galaxy Digital, Shima Capital and Coinbase (NASDAQ:) Ventures.

While the fundraising event was announced a couple of months ago, it is important to note that this announcement has only recently been made.

It will also allow customers to order NFTs through any Solana NFT market place from one single platform. You can interact directly with smart contracts from each NFT marketplace to achieve this.

To start with, the platform will not include gas fees in any transactions. It is an obvious marketing strategy to increase market share. This zero-fee policy could change over time.

Right now it’s growth for us. Once we’ve concentrated enough eyes, we will be able to add a fee for the aggregation.

Magic Eden is responsible for approximately 90% of Solana NFT transaction. This means that there is less need to have an aggregator. But Hyperspace co-founder Kamil Mafoud believes that there will be even more market fragmentation as OpenSea or new entrants like Coinbase’s upcoming NFT marketplace expand into Solana.

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