For the Solana NFT crowd Solanalysis has been a very vital and important tool to learn information about all NFT drops, sales, and purchases. Lately the project has made a change on its hard to pronounce moniker.
NFTs started soaring in popularity during the late summer of 2021 but there was a lack of proper marketplaces to trade them and even less opportunity to find sites that offered data on the projects. Solanalysis made the task of comparing and tracking projects much easier , users could check on price, sales, standing and losses on the site, thus making comparison and purchases easier on the user. The site eventually added more features such as a launchpad and the ability to track the value of their own NFT.
Solanalysis is now rebranding after announcing a fundraiser and creating an NFT marketplace aggregator that is designed to capture some of the market share of NFTs currently.
The site is now known as “Hyperspace” with a brand new website Hyperspace.xyz. The site made the announcement of a successful fundraiser that created $4.5m in assets from a seed round led by Dragonfly and Panteral Capital. The fundraiser was also participated by the usual crowd of Jump Capital, Solana Capital, NFX,Galaxy Digital,Shima Capital, Coinbase Ventues, Sfermion,6th Man Ventures, Soma Capital, Social Capital, and Folius Ventures.
The plan is to create an aggregator that allows users to purchase NFTs from any site that currently has them on sale. Keep in mind it only applies to major Solana NFT marketplaces, so MagicEden, Digitaleyes, Solanart, Solsea, and Exchange.art are the more than likely candidates. Hyperspace will be able to do this by directly interacting with the smart contracts for each of the marketplaces, this is in no way an easy task however as each marketplace has its own style of contract.
There are no plans to add a fee to any of the purchases made on its site currently but warns there may be in the future after the market share is stable. The current focus is on growth not profit but for the company. The idea is that as a humble beginning as an aggregator , Hyperspace could become a popular marketplace. The plan does come with some caveats as an aggregator as that users would have to check multiple markets before making a purchase in order to catch a deal, this level of fragmentation is a bit off-putting for many.
Many markets are toying with the idea of a token for their ecosystem and while none have really pulled the trigger on the idea it is still a valid idea to think about. Hyperspace is also open to the idea of a token for their marketplace but the idea is still just on the table for now as they are focusing on market share , user experience and user interface.