Solana NFT Analytics Platform Rebrands to Hyperspace

Solanalysis, a premier Solana blockchain analytics platform, has rebranded to “Hyperspace” in a bid to pursue the growing NFT market on Solana.

The platform rebrand also arrives in time with the closure of its seed funding round for $4.5 million. The seed round was led by Dragonfly and Pantera Capital, with participation from Solana Capital, Coinbase Ventures, Galaxy Digital, Jump Capital, NFX, Sfermion, Shima Capital, Soma Capital, Social Capital, Folius Ventures, and 6th Man Ventures.

With the pivot to a more NFT trading focused strategy, Hyperspace has built a new NFT marketplace aggregator integrated to its Solana NFT analytics dashboard from its previous version. This will allow its users to purchase NFTs from all major Solana NFT marketplaces. The analytics site will also be introducing an NFT launchpad that will be used to showcase new NFT collections on the Solana blockchain.

Since its launch as Solanalysis, Hyperspace has enabled users to track the value of NFTs on their portfolio or connected wallet. With the rebrand, Hyperspace will also be implementing new smart contract integrations for all listed NFT marketplaces to introduce a seamless experience for its users.

β€œWe want to be the platform that sits in the middle. Right now it’s growth for us. At that point when we have concentrated as many eyeballs then we can think about adding a fee on the aggregation side,” shares Hyperspace co-founder Kamil Mafoud.

According to Hyperspace, their platform will not be exacting fees for any purchases made on it (at least for now). This is done to pursue and grow market share and reduce user friction. Trades facilitated by listed marketplaces will still be paid directly to the artist of a particular NFT if so required. Hyperspace itself will be able to host NFTs as a fully-featured marketplace, allowing users to list their own NFTs on the platform.

Hyperspace has also confirmed that it is looking into the creation of its own token and the formation of decentralized autonomous organization (DAO) for its user community.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.