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Overview
Hyperspace is a platform for Solana NFTs that helps users buy, sell, and discover digital collectibles. It aggregates listings from various NFT marketplaces on the Solana network, makes it easier to find deals, and tracks new minting drops so users can spot high-value NFTs. The service targets collectors, investors, and creators, and operates in beta to collect user feedback. Transactions on the platform generate revenue through small fees charged on each buy or sell. Compared to broader NFT marketplaces, Hyperspace focuses specifically on Solana, offering a community-driven, streamlined way to trade and discover NFTs with lower network costs and faster transactions.
About Hyperspace
Industries
Data & Analytics
Consumer Software
Crypto & Web3
Company Size
1-10
Company Stage
Seed
Total Funding
$4.5M
Headquarters
New York City, New York
Founded
2021
Simplify's Take
What believers are saying
- Avalanche operations remain active post-2024 shutdowns.
- Solana holds 28% NFT market share as of September 2024.
- Magic Eden generated $56M revenue, indicating volume potential.
What critics are saying
- Shut down Solana and Sui marketplaces on September 17, 2024.
- Sunset APIs on September 17, 2024, destroys developer ecosystem.
- Avalanche-only focus fails in 18-36 months from low volumes.
What makes Hyperspace unique
- Hyperspace aggregates Solana NFTs across marketplaces in one interface.
- Provides developer APIs and SDKs for third-party NFT integrations.
- Utilizes IPFS for permanent NFT data storage and delivery.
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Funding
Total Funding
$4.5M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Company News
Dubai-based entertainment giant HyperSpace secures $55mn funding.
In brief Solana NFT project y00ts launched Monday night, and has yielded over $6 million worth of secondary sales so far. Dust Labs, the NFT startup tied to y00ts and DeGods, announced on Monday that it has raised $7 million in seed funding
In brief Leading Solana NFT marketplace Magic Eden has faced growing criticism about recent platform changes and its escrow-based trading model. Magic Eden defended its API changes in comments to Decrypt and said that it plans to switch to a non-escrow system in the future
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About Hyperspace
Industries
Data & Analytics
Consumer Software
Crypto & Web3
Company Size
1-10
Company Stage
Seed
Total Funding
$4.5M
Headquarters
New York City, New York
Founded
2021
There are no jobs for Hyperspace right now.
Find jobs on Simplify and start your career today