Hyperspace raises $4.5m for aggregation of Solana NFTs

Hyperspace.xyz, the open web marketplace for Solana NFTs, has announced the closing of a $4.5 million seed round of financing, led by Dragonfly Capital and Pantera Capital, with participation from Jump Capital, Solana Capital, NFX, Galaxy Digital, Coinbase Ventures, and others.

Hyperspace was co-founded by Kamil Mafoud, Santhosh Narayan, and Johnny Tan who said they “happen to recognise the lack of basic infrastructure and tooling in the Solana ecosystem, and set out to create a truly open NFT marketplace experience that would bring together projects across platforms to provide a great user experience that encourages discovery and community sharing”.

Mafoud commented that “with the increasing mainstream adoption of NFTs, we believe in a world where users can buy and sell NFTs anywhere without limitation by any one centralized party”.

“Hyperspace is building an aggregated NFT marketplace that allows users and creators to be able to enjoy the openness and composability of web3 in its purest form, something that has not been realised to this point,” he said.

“In doing so we are creating a more decentralised, resilient, and open future for NFT collectors and creators.”

Paul Veradittakit, Partner at Pantera Capital added that “in the world of open-source and ease of fragmentation, Hyperspace provides needed aggregation through a unified front-end that allows everyone to be able to surface NFT listings anywhere on the web”.

“The team has demonstrated expectational capabilities and knowledge of the sector through analytics, and we look forward to supporting the Hyperspace team as they push the boundaries of the NFT marketplace into a truly decentralised future free from pockets of data control and ownership restrictions,” he said.