Deep Dive: Hyperspace
Solana NFTs: Everything Everywhere All at Once = Hyperspace 👨🚀
Storytime: Imagine you traveled back a month ago, to the day of the world cup final between Argentina and France, and you are rooting for Messi to lift his first World Cup since your childhood (well, we all know what happened 🥹). You were about to get to the airport to catch your flight to Qatar, and just then you got to stay back for an important extended office session, which ruined all your plans to be there for your football hero!
And we know what happened that night, Argentina won and Messi scripted history! You saw all of it live on TV and pumped up with joy and celebration.
You want to forever cherish this memory by collecting the final ticket from someone who visited the game! But there are two major problems:
How do you know if someone is selling you an original ticket?
Where would you buy it??
By the end of the story, we got to figure out two questions: How to verify the authenticity of the collected ticket and where would you buy it from?
And the answers to those questions are NFTs and Hyperspace respectively.
So, what are NFTs?
Non-Fungible-Token or an NFT is a unique digital asset that can represent any form of value like a piece of art, music, a random jpeg, etc. It is a digital form of the asset which is stored on a blockchain (on-chain), to enable the following properties:
Ownership Verifiability
Determine the quantity and interest on an asset
Track asset history
and many more such properties and use cases, which will be discussed in depth in an upcoming independent section.
Now, wassup with Hyperspace!
To understand what and why of Hyperspace, let us get into a classic Web2 vs Web3 POV!
WEB2 POV: Let us consider the above example from the web2 world, In India, among many others, the two major E-commerce “Marketplaces“ are: Amazon and Flipkart.
As we can see in the above example when we search for the term “iPhone 13 mini“, we see different vendors in both marketplaces, selling the same product at various price points. When we compare with other available marketplaces like Snapdeal, Myntra, etc, these disparities in marketplaces boil down to the following points:
Different Price Points for the same product: Indicating varying “Platform Fee“
Availability: Some products are only available exclusively on specific marketplaces
Lack of availability of Advanced filters across platforms
With all these happenings, the web2 E-Commerce users needed a unified marketplace before going as crazy as our Homer Simpson:
Web2 World came up with a “patch-up“ solution: Google Shopping, which can be seen in the previous illustration.
As we know Google indexes the whole of the web, and with this huge amount of data, google managed to create a shopping page, which aggregates data from all the major E-Commerce across the internet and serves as a unified interface with various price ranges of products across platforms and a unified filtering service.
But there is still a major problem with the web2 world in integrating marketplaces:
Lack of Platform-Agnostic User Experience
These can be explained the way the above-explained Google Shopping works, it aggregates the data, tracks the real-time data, and presents it in front of a user in a unified interface, but still, when the user clicks the link of the product, the user reaches to the E-Commerce platform itself! This is a massive setback toward a truly interoperable and platform-agnostic user experience.
Well, the need for a unified marketplace aggregator exists in the web3 NFT world too! Let us see if any platform solves this problem (spoiler: it does! Thank Hyperspace 😉)
When a creator wants to generate art with varying traits like eyes, nose, clothes, colors, artifacts, weapons, etc, this gives a unique personality to each piece of art, but as these are generated by the same artist with similar traits, they come under a unit called a “Collection” of NFTs. In this example let us talk about a high-value collection called “Smyths“, which is an NFT collection by “Blocksmith Labs“, which contains cool stylized warrior images with various varying traits for each NFT.
When we check out the Solana NFT ecosystem (Solana is one of the major blockchains in the world, known for its blazing speed and highest recorded Transactions per second, more on it later!), there are many NFT Marketplaces like Magic Eden, Solanart, Coral Cube, Fractal, etc.
Let us consider Magic Eden and Solanart for this example, and let us search for the collection called “Smyths“, Magic Eden shows the collection, and Solanart doesn’t. And both these platforms have varying fees, this brings us back to the same problem as web2, the need for a UNIFIED NFT INTERFACE, in this case on the Solana Blockchain.
Fret not, we’ve got Hyperspace to solve this massive problem!
As shown in the above illustration, Hyperspace is an NFT aggregator, which unifies all the NFT collections across marketplaces on the Solana Blockchain ecosystem. But does it solve the Platform-Agnostic User Experience problem faced by Google in web2? YES!!!
Every NFT as said above is a piece of code stored on top of a blockchain in smart contracts in the form of a token! So on-chain is a platform-agnostic medium that helps Hyperspace to scrape through the marketplaces, analyze the contracts, and list all collections in one unified interface! This enables Hyperspace to allow its users to buy NFTs from any marketplace across Solana to buy NFTs directly from their site with no additional fee than the original Marketplaces, all this without any redirects or leaving the Hyperspace site!
Hyperspace.xyz, is aiming to be the one-stop Bodega or Kirana store (In Indian terms) of Solana NFTs, and provide a unified interface to analyze, track, trade, and support users and upcoming NFT creators and collections to launch their ideas to the moon!
What does Hyperspace gets going in its way compared to other marketplaces and aggregators on Solana? Let’s find out:
Open APIs and Decentralized (On-Chain)
Composable Frontends (hella exciting frontier!!)
Least market fee in the Solana NFT space
Developer support and SDKs
Escrowless NFT sales
And tons of other standout points as we go into the deep dive! Let’s start from scratch and learn about NFTs and their ecosystem in Solana, then build our way up to Hyperspace’s working, potential, ecosystem landscape, etc!
Let us jump into this exciting, astronomical deep dive into the world of Hyperspace!
A Brief Introduction to NFTs
A Non-Fungible-Token or an NFT is a digital asset stored on a blockchain in the form of a native specialized token standard (like SPL tokens on Solana, ERC-721, and ERC-1155 on Ethereum). This allows the token to hold assets such as jpegs, music, art, documents, etc, and store them on a blockchain.
Any NFT token stored on a blockchain contains a set of metadata along with the asset itself, some of these fields by default, include the wallet address that “minted“ or created the NFT, Current wallet owner, and transaction history, which can be explored on a blockchain specific scan applications like Solscan on Solana or EtherScan for Ethereum. Along with these, there will be NFT-specific metadata like NFT attributes and generative traits of the image, Royalty fee, etc.
These properties allow users to track, and verify NFT ownership and transaction history. This allows users to implement various applications like Token-Gated Communities, intellectual properties, Patents, Metaverse and Gaming, etc.
Traits and Attributes of an NFT
As discussed above NFTs contain various attributes and traits, which define the generated Art. As shown in the above illustration, Degods, one of the top-selling NFT collections is shown, and these avatars contain various varying properties like the Background, Skin, Mouth, Speciality, etc. These properties allow creators and developers to create a collection of NFTs with the combination of several variations of properties. For example, Degods is a 10,000-pack NFT collection, which contains 10K unique NFTs.
Traits and their push towards Rarity
We can observe from the above collection that, some of these traits are highly repetitive and others are rare in nature. The rarer a trait, the higher the chance of an NFT with the trait having a high value. From the below image, we can see a couple of traits from the Degods as an example which shows the percentage of availability of each type of trait in the collection, for example, Divine Robe is only available in 0.36% of the total collection hence NFTs with that feature would have a higher selling price.
The Solana NFT market is huge, it is evident from the following graph showing the number of new NFTs being minted on Solana every day, with a peak of more than 300,000 NFTs being minted in a single day in September 2022.
And as the ecosystem grows, there will be an emergence of newer dApps and marketplaces on Solana, thus the need of the hour is to develop a unified aggregated interface to analyze, trace and trade the NFTs across the marketplace in a platform-agnostic way. The importance of this platform-agnostic NFT aggregation would be explained in the next section.
The Need For Hyperspace 👨🚀
From the above graph on daily NFT transaction count on Solana, we can observe two important trends in the Solana NFT ecosystem, they are:
Market Dominance from Magic Eden
The emergence of new Marketplaces in the ecosystem
This brings us to two key immediate needs in the Solana NFT ecosystem:
Protect NFT collections from Market Dominance and restrictions: Upcoming NFTs will surely depend on Market leaders like Magic Eden, to increase their chances of getting noticed by a wider audience, this gives such platforms a monopoly to leverage which may lead to a restrictive ecosystem in the future, thus supporting all the NFTs projects in Solana under a single, open and decentralized platform is the need of the hour.
Support Emergent Marketplaces to gain traction among avid NFT creators, collectors, and traders by creating a medium to reach a wider audience. Thus creating a platform that gives an equal, wider audience to all marketplaces alike.
So the need of the hour in the Solana NFT ecosystem is a platform with:
Open, Decentralized platform to support every single NFT under a unified interface
A unified interface to give all marketplaces equal representation and a wider audience
Sounds like we need a marketplace aggregator, right? Well, let’s dive into Hyperspace to learn more about the platform and the services it provides to create a single platform to analyze, track, trade, and support all NFTs across the Solana ecosystem.
Hola Hyperspace! 👋
Hyperspace was co-founded by Kamil Mafoud from MIT, Santhosh Narayan from MIT, and Johnny Tan from Georgia Tech. The team started with a platform called “Solanalysis”, which is a utility interface to analyze all the NFT collections on Solana and their statistics. The team then rebranded Solanalysis into “Hyperspace“, which is not just an analytics tool, but it is an end-to-end NFT aggregator and Marketplace on Solana with advanced analytics and Launchpad support for upcoming NFT projects.
Core Motto and Products of Hyperspace
Hyperspace stands tall on its four core pillars as its principle motto:
Analyze: Provide general users, traders, and NFT creators tools and utilities to analyze NFT collections, wallets, trends, and data across the Solana NFT ecosystem, with advanced filters like time periods, price ranges, rarity, etc.
Track: Hyperspace provides users with individual wallet profiles, which can help users to track the offers on their NFTs, or keep an eye on current offers on interesting collections by subscribing to them via Notifi.
Trade: Hyperspace enables users to trade NFTs across all Marketplaces in the Solana Ecosystem, directly from the Hyperspace application. No Redirects. Everything On-Chain. This allows users to gain a platform-agnostic experience while maintaining their NFT collections.
Support: Hyperspace’s other major pillar is its extension of support to launch upcoming NFT projects, airdrops, and mint events, and engage them with a wider audience.
Hyperspace Platform Overview 🔍
The Hyperspace platform can be divided into three main sections as shown in the above diagram, they are The Aggregated Marketplace, Analytics, and Launchpad.
In the upcoming sections of the deep dive let us explore each of the components and its sub-parts to understand all the services offered by the Hyperspace platform.
Hyperspace Aggregated Marketplace 🏬
The Aggregated NFT Marketplace is the primary service being offered by the Hyperspace Platform it enlists two types of NFT collections for users:
Hyperspace listed NFT collections
Aggregated NFT collections from Marketplaces across the Solana Ecosystem
This is the home page of the Hyperspace platform with tools to quickly analyze the top-performing NFT collections in the last 1 hour, or 1 day or 1 week. This page provides users with a quick understanding of the current market scenario across marketplaces, and shows them a glimpse of new and upcoming collections.
POV: Hyperspace Collections 🪺
An NFT Collection, as discussed in the prior sections, is a bundle of minted or yet-to-be-minted NFTs, which has a common creator and a set of similar attributes and traits. These Collections will be up for grabs, i.e., available to the mint for basically free! Users can get these NFTs from the collection just by paying the gas fee, which is less than $0.00025 per transaction. But hey! This is just when you are too early and one of the first holders of the NFT collection to mint the NFT, but in general any user can offer or buy an NFT from the available listings.
The above image shows one of the popular NFT collections on Hyperspace in detail. As we can see from the illustration I’ve placed some markers on the image for a better understanding of the different components on the page:
Component A: Collection Overview:
This part of the collection page contains the following metadata related to the NFT collection:
Name of the project
Floor Price: The current least price of an NFT among all the NFTs present in the Collection. This is the current minimum anyone has to offer to buy an NFT from the collection.
Floor Bid: It is the current least bid from the buyers to buy an NFT from the collection, if there is no offer for the current bid the buyer can increase the floor bid.
The component also contains an easy-to-access quick button called “Place a bid“, to quickly place a bid to buy an NFT from the collection.
The next part of the component is the number of NFTs in the collection that are listed for sale currently, this is dynamic in nature and gets updated as the transactions get completed, or as new offers pop up.
The 1-day volume, as the name suggests, enables the users to analyze the amount of trade done within the collection in the last 24hrs.
The Unique owners are another important parameter to determine the amount of diversity in the collection and to predict how active would be the project.
Component B: NFT Overview:
This is another important component to get a quick, single-glance understanding of a single, specific NFT in a massive NFT collection gallery. This simple card-like component gives users a clear idea about 5 important parameters:
The top left identity icon gives a short gist of the owner's wallet address.
The bottom half starts with a pink symbol with ME, this indicates that this particular NFT is listed on Magic Eden. It symbolizes which marketplace this NFT is listed on.
And the next number showing #6131 indicates the serial number of the NFT in the entire collection.
The next value showing 43.97 Sol is the current listed price to get the NFT.
The last value at the bottom showing 24.8 Sol is the previously sold-out value of the NFT.
Component C: Search NFTs in the Collection
It is a quick-use utility to search a particular NFT with its serial number.
Component D: Sort NFTs
This is another quick-utility tool for users to sort and analyze the collection based on various parameters like Price, Last Sale Price, Recently listed, and Rank (based on rarity will be explained in an upcoming section). This helps users to find an NFT of their choice according to their budget and interests.
Component E: Advanced Filter for NFTs
This is an advanced filtering utility provided by Hyperspace to filter NFTs in a collection precisely by configuring the thresholds. The given configurable parameters are:
For Sale: Show NFTs only if they are up for sale.
Hyperspace listings: Show listings only if they are exclusive hyperspace listings.
This is a toggle to show or hide NFT pool listings (Basically show or hide NFTs that have been kept in a type of liquidity pool for NFTs as collateral).
Price-based filtering with configurable start and stop prices.
Filter based on the rarity Rank of NFTs, based on Hyperspace methodology.
List of Attributes and Traits (called Fractals here), with which users can try a combinational approach to get the desired NFTs.
Component F: Quick Sell
This is a quick-sell feature that allows users to sell their NFTs in the current Collection directly at the floor bid price, which will be dynamically updated as offers come in. When we click on the sell now button, we will be getting the following dialogue box which says that I don’t have an NFT from this collection (ofc, I am broke:)
Hyperspace finds the optimal marketplace to give the user the best returns on the sale.
There is another option below Sell now, which says “Sell all offers“, which lists all the current offers available to buy NFTs in the collection.
We can see some more tabs below the NFT collection overview (Component-A), let us explore these features on this page:
Activity:
The Activity tab takes the user to the recent activity and transactions in the collection across all the marketplaces on the Solana ecosystem. The table includes the following properties of a transaction:
NFT serial number which is involved in the transaction
Transaction volume (amount)
The rank of the NFT
Seller and Buyer Wallet addresses
Marketplace chose for the sale
Time of transaction and type of transaction (sale or listing or offer made)
Analytics:
The above analytics tab is present inside each NFT collection on Hyperspace, and this page contains the Market overview of the Collection. Let us understand each of the above analytics in brief
Market Overview: This is a Floor Price and Number of Listings Graph with respect to the time period, which shows the number of available listings and the floor price at that particular time, in this example of the “Pilots“ collection, we can see a constant growth in the Floor price which is a very good sign of a growing NFT community, as it brings profit to all the shareholders of the project.
Unique Holders: This graph gives an overview of the total number of unique members in the collection, holding at least one NFT from the collection. The greater this number, the high the activity in the collection community.
Listing Price Distribution: This is another important chart that shows the number of listings up by a percentage of holders, at a certain price range. For example, the first bar on the left shows that there are 57 listings among less than 5% of the holders, with a price range between 43.2-45.4 SOL.
And the final table shows the top NFT holders (wallet addresses) of the collection, the percentage of the total supply they hold, the number of NFTs, and the total value of those NFTs. This table also shows if any of the NFTs from these top holders are on listings.
News: This is a section where the holders of the collection can post the latest news about the happenings of the community and this news tab can be subscribed to by any user via Notifi.
Bids:
This table shows the incoming and outgoing broadcast of bids on-air. Any user with an NFT from the collection can accept a bid from this list and sell the NFT directly to another user.
NFT Specs 👓
As we saw in the previous section user, can surf through the seamless interface of the collection to get a view of all the NFTs in the collection and filter the ones they are interested in. But before buying, Hyperspace enables users to check deeply into the details of the NFT. These details include:
Current Owner of the NFT.
Current and Last sold price of the NFT.
As we can see in the above image this NFT was sold just an hour back (49 mins), and it is listed just 7 mins back. This allows users to see how in-demand the NFT is in.
Then comes the details section where users can check metadata like the Marketplace the NFT is listed in, Creator royalty fee, Blockchain the NFT is stored on, Mint address, and Update authority address, etc.
A list of recent bids on the NFT.
And the history of all transactions done over the NFT.
Rarity Calculation Methodology Enabling User-Heuristics 💎
While exploring the aggregated marketplace we saw an exciting feature called “RANK“, which is used to rank the NFTs in a collection based on their Rarity.
Rarity is a measure in NFTs, which measure how rare an NFT is among other NFTs of the collection. This is generally decided using the traits and attributes embedded in the NFT. The rarer the traits of an NFT, the greater the rarity of the NFT.
But why measure Rarity as a factor?
In NFTs generally, users perceive the rarer the traits of an NFT, the higher price and demand the NFT commands. Because why on Earth someone don’t want something special?
For this, cause Hyperspace designed a Rarity Calculation Methodology inspired by utility services like rarity.tools. Let us explore this design in 4 simple steps:
Step-1: List out all the traits in the collection. As we can see in the below picture each individual NFT has a set of properties or Traits, and sometimes a trait can be ignored as we can see here the “speciality“ trait is ignored.
Step-2: Find the Rarity points for each trait across the collection. We can simply find the popularity of a trait, by dividing the number of items which consist the trait by the total number of items in the collection. And as we saw previously, the more Popular the Trait, lesser its Rarity, hence Popularity is inversely proportional to the Rarity of the Trait.
Step-3: Find the sum of Rarity scores of each trait for a specific NFT item. And the next step is quite intuitive, just sum up all the rarity scores of traits held by a single NFT item in the collection. Higher the score, Better the Rank, and if there is a tie between any two NFTs then both of them can be given the same rank and demote the next closest NFT to the next rank.
Subscribe via Notifi 🔔
Another interesting feature that needed to be mentioned is the integration with Notifi platform. Notifi is a web3 notification-hub platform, which can be integrated with a wide range of dApps across blockchains, to enable users to view notifications, warnings, and updates in one place, in real-time. This helps Collections and the Hyperspace platform itself to send quick reminders and notifications from the collections to which the users subscribed, directly into their Notifi Hub.
Trade process 🪙
The trade process on the platform is a UX focussed design. Where users can do all the following trade activities from one place in the Hyperspace platform:
Buy NFTs
NFTs can be bought in many simple ways on the Hyperspace platform. The first step anyhow is to connect the user's wallet, and Hyperspace accepts almost every single wallet available on the Solana ecosystem:
Choose your favorite wallet from the available options, accept the confirmation sent to your wallet, and BOOM you are set to go!
Once the user’s wallet is ready, there are multiple ways a user can buy an NFT from:
Click on your favorite collection and hit on the buy now button on the desired NFT, this brings a Cart to which the user can add multiple NFTs at once and buy and check out all of them together.
Sweep: Sweep is a degen way of buying all the lowest priced NFTs in bulk. This can be done by clicking on the sweep icon shown below, which is beside the Collection sort button, thus enabling the user to check out all the purchased NFTs at once.
List NFTs
Listing an NFT has never been so easy. Both Buy and Sell (List) are put together in a single panel via which a user can select as many NFTs from a selection and broadcast all those NFTs into the listing at once.
Make, Accept and Cancel an Offer to an NFT
A user can Make an offer to any NFT from a Collection by visiting the NFT via collection, clicking on the “Make Offer” button, and entering the offered amount, this allows users to have dialogue and negotiate before confirming the transaction.
And as shown in the above illustration approval and cancellation of offers are done directly on the user’s profile page where all their current offers and activity are listed.
Wallet Analytics 👛
Analytics is one of the four main pillars Hyperspace is built upon. It is important for users from all phases like traders, NFT enthusiasts, or developers too. These analytics give the users a sense of the amount of activity and trends taking place in the Solana NFT ecosystem.
And one of the key analytics offered by Hyperspace is “Wallet Analytics“, which enables users to analyze the activity in a wallet and verify the NFTs the wallet holds.
Hyperspace provides two different ways to search wallets and analyze them:
The most direct is the “Top Wallets“ feature on the homepage, which takes the user to this elegant table showing top valued wallets across Solana NFTs.
The second interesting way is to directly visit an address by searching it in the search wallets bar on the navigation bar:
Users can enter ANY valid public wallet address on Solana into the Hyperspace search bar. And monitor their NFT assets, Portfolio, Offers, and Activity.
Cool Fact: Users can search for any valid Solana public wallet address in the Hyperspace search bar, even if it is not connected to the platform ever before! It shows the NFTs in the wallet currently.
How cool is that!
Collection Analytics
The first service offered to analyze the NFT collections as a whole is the NFT leaderboard page, where the NFT projects or collections are ranked based on the total value locked, Market cap, and the Avg price, among many other parameters.
Another way to analyze the Collections is based on the popularity of NFTs. The Hyperspace platform also provides some cool filters like DEGEN (Popularity in the last 1hr), WAGMI (last 1d), and BASED (last 7d).
Launchpad, Mint events, and Drops
Launchpad is the last pillar of Hyperspace to be discussed, It is a service that offers support and a wider audience to upcoming projects, and it also helps in engaging mint events for new NFT projects. These events help NFT project onboard their first holders easily, one such event is going to be held this January 13th on Hyperspace, check it out (remember, we are on Solana and first mint, just the gas fee 😉).
Why Decentralized Composable Frontends?
Hyperspace envisions an open web structure in the future of web3. Where dApps can be built using smart contracts and programs deployed by other applications as building blocks of their services. This leap of interoperability enables rapid growth of the ecosystem to onboard the next billion users.
To enable this dream the Hyperspace team has implemented certain parts of their Native Smart Contract in such a way that any developer or team can spin off their own decentralized frontends using the existing infrastructure of Hyperspace!
The massive upside to this decision is that this enables future dApps to access every NFT in the Solana ecosystem, from a single aggregated Marketplace like Hyperspace! This enhances the number of buyers massively by reaching a wider cumulative audience!
Dev Tooling and open-sourced SDKs
As said above to enable a decentralized composable frontend dApp ecosystem to be built on top of an aggregated marketplace like Hyperspace, the team released two important resources for the developers:
A hyperspace-client-js package on npm, which can be integrated into any other dApp to access the on-chain data stored by Hyperspace. Currently, this requires an API key from the team.
Another way by which the team is supporting developers building dApps on top of Hyperspace is by providing a REST API service, and this too currently needs an API Key to access, from the Hyperspace team. (Interested devs can apply for API key directly from their developer docs: Link)
Marketplace Integrations and Collaborations
The Hyperspace team already collaborated with all major Marketplaces in the Solana Ecosystem, and the list of composable dApps built on Hyperspace is going strong.
Apart from these Marketplace Integrations, the Hyperspace Team is actively engaging and integrating with teams from Hadeswap, Elixir, and Solvent, to develop a simpler UX to enable efficient trading for the users.
The Hyperspace team also started embracing varied Rarity methodologies by integrating with teams like Howrare.is and Moonrank.app, this allows users to choose their own style of Rarity methodology to analyze an NFT collection.
And the team integrated with the Glow wallet platform to bring listing your NFTs directly to your wallet!
And other notable Integrations include integrating LaunchMyNFT (LMNFT) a tool to launch new mints efficiently and enhance the launchpad performance. Exchange.art integration to get started with 1/1 fine art NFT collection on Hyperspace!
Competitive Landscape and Threats
The Ideal Lands
Hyperspace is technically in a position where there is no reason for other marketplaces to compete with. Because, as of now Hyperspace doesn’t affect the market fee or incentives of any other marketplace, because Hyperspace allows users to trade on whatever platform the NFTs are listed on either Magic Eden or Solanart, or Opensea. And Hyperspace is listing its own lineup of NFT creators and projects through its holistic launchpad, the growth is steady but it’s nowhere when compared to Magic Eden or Opensea, or most of the marketplaces. We can check this stat to understand the previous statement:
When we analyze the above image we can observe two things:
From the Solana daily NFT transactions chart, there is no sign of Hyperspace yet as a marketplace. So this infers that as a marketplace Hyperspace exclusive listings are minimal.
But the second chart is the Hyperspace Q3 report which shows that Hyperspace accounts for more than 20% of the weekly NFT transactions on Solana, and crossed a peak of 40% in a single day!!
Does it ring any bells? These two statements infer that Hyperspace is a minor Exclusive Marketplace and a MASSIVE AGGREGATED MARKETPLACE!!
This proves that Hyperspace, at least as of now is not “magically“ killing the market of any other exclusive marketplaces, but enhancing the unified NFT market volume of Solana!
My Thoughts and Conclusion
Let’s come back to square one, did Hyperspace help me get the ticket for the Worldcup, that we discussed in storytime, YESS!
And what else does this amazing platform offer me?
Hyperspace offered:
The least platform fee among all major marketplaces at 1%, while Magic Eden at 2% and Solanart at 3%.
Non-Escrow transactions: NFTs are completely under the user’s control until the transaction is completed. No middlemen.
Configurable Rarity Ranking: Hyperspace brought the choice to the users, they can choose either the default Hyperspace Rarity metric or they can choose from the recently integrated rarity tools like Howrare and Moonrank
Composable Decentralized Frontend: Being open, decentralized, and providing devs all the support to build an interoperable and composable open web3!
Hyperspace fulfilled all the promises that it was truly meant to be. And I am really hyped up for what the future holds for this amazing platform ❤️
Thank you, guys, for reading this article, and kudos to you to learn all about this amazing platform, if you like my work and got the gist of my attempt, comment with your feedback and share this with your friends!
💌
Regards,
Rohit Kumar Varma,
References