Hyperspace
Defunct6 known investors
Hyperspace operates a marketplace where users can browse, search, and trade non-fungible tokens. It serves NFT collectors and traders looking for a single place to find listings and complete transactions.
Also known as Hyperspace.xyz
Investors · 6
Company profile
researched Aug 2026Hyperspace (hyperspace.xyz) operated a multi-chain non-fungible token marketplace and aggregator. The product launched natively on the Solana blockchain around the 2021 "Solana Summer" period and allowed collectors, traders and creators to list, browse and trade NFTs. Alongside the consumer-facing marketplace, Hyperspace offered the Hyperspace API, a set of endpoints third-party developers could integrate into their own projects, and marketed comparatively low trading fees as a draw for users.
In 2023 the company extended its services beyond Solana to the Sui and Avalanche networks. In September 2024 Hyperspace announced it was winding down its Solana and Sui businesses effective September 17, 2024, telling users to delist their NFTs before that date via its website (the smart contract was to remain open) and sunsetting support for its Solana APIs from the same date. Its Avalanche-focused deployment carried no shutdown notice at the time of that reporting. The team described the decision as difficult and indicated it might pursue further products in the future.
Founding story
Kamil Mafoud and Santhosh Narayan co-founded Hyperspace in 2021 during the NFT boom, building the marketplace natively on Solana from the 2021 Solana Summer period.
Business model
Hyperspace ran an NFT marketplace and aggregator, promoting low trading fees to attract traders, and also exposed a developer API for integration into third-party projects. The retrieved sources do not detail fee levels or other revenue mechanics.
Traction
The sources provide no user, volume or revenue figures. Coverage notes the marketplace attracted users with low trading fees and expanded across three chains before winding down two of them.
Latest developments
In September 2024 Hyperspace announced the shutdown of its Solana and Sui marketplaces effective September 17, 2024, including the sunsetting of Solana API support, while its Avalanche deployment showed no such notice. The team said "this won't be our last adventure," and press coverage noted unverified rumors linking the team to the Ethereum project EtherVista.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Hyperspace competed as a multi-chain NFT marketplace and aggregator in a segment whose other participants covered in the same publication include OpenSea and Magic Eden. Reporting at the time of its wind-down described the broader NFT market as having low trading activity.
Technology
A multi-chain NFT marketplace and aggregator deployed on Solana, Sui and Avalanche, with a public API (the Hyperspace API) providing endpoints for developer integrations. Listings were held in smart contracts that, per the shutdown notice, would remain open after the site wind-down.
Go-to-market
Distribution was direct through the Hyperspace web marketplace on each supported chain, supplemented by a developer API and community communication via X, where shutdown notices were posted to Solana and Sui users.
NFT collectors, traders and creators on Solana, Sui and Avalanche, plus developers integrating marketplace data and functionality through the Hyperspace API.
Geography
One data provider lists Hyperspace.xyz as based in New York, NY; the sources contain no further location detail, and the product itself was distributed on public blockchain networks.
History
Hyperspace was co-founded in 2021 by Kamil Mafoud and Santhosh Narayan during the NFT boom, launching natively on Solana at the time of the 2021 Solana Summer. The marketplace expanded to the Sui and Avalanche blockchains in 2023. On September 4, 2024 press coverage reported the team's announcement that the Solana and Sui businesses would be wound down on September 17, 2024, while the Avalanche unit remained live.
Risks & controversies
The Solana and Sui wind-downs required users to self-custody or relist NFTs before September 17, 2024, with only the smart contract remaining open afterwards. Coverage cited weak NFT trading activity as market context, and referred to unconfirmed rumors connecting the team to another project (EtherVista). Funding details are poorly evidenced: the only round reference found is a paywalled headline.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Timeline · 3
launches, deals, and filingsHyperspace announced it was shutting down its marketplace business on the Solana and Sui blockchains, with the wind-down set for September 17, 2024. Users were urged to delist and withdraw NFTs before that date, and support for the Solana APIs was to be sunset starting 9/17. The Avalanche deployment remained operational at press time, with no shutdown notice on that site.
Hyperspace extended its NFT marketplace and aggregator services beyond Solana to the Sui and Avalanche networks.
Venture Capital Journal published a headline stating Hyperspace.xyz raised a $4.5 million seed round; the article body is behind a registration wall, so the date, investors and terms are not verifiable from the retrieved page.
$4.5M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 5
primary sources listed
- Hyperspace.xyz nabs $4.5m seedventurecapitaljournal.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hyperspace do?
- Hyperspace was a multi-chain NFT marketplace and aggregator, founded in 2021 on Solana, that wound down Solana and Sui operations in 2024.
- Who are Hyperspace's investors?
- Hyperspace's investors include NFX, Pantera Capital, Coinbase Ventures, Dragonfly, Jump Capital, Shima Capital.