Hyperspace

Hyperspace is achieving this by directly interacting with the smart contracts for each of the NFT marketplaces — a tricky feat since they’re all built slightly differently. But it enables the site’s users to purchase NFTs on any of these marketplaces without having to leave the website.

Hyperspace co-founder Kamil Mafoud says that when it comes to trading NFTs, there’s always a buyer, seller and a site in the middle facilitating that interaction. “We want to be the platform that sits in the middle,” he says.

At present, Hyperspace will not be adding a fee to any of these purchases in order to grow market share without adding any friction, but it may do so in the future. Buyers already need to pay fees to the marketplace facilitating the trade and to the NFT collection or artist if required.

The bigger goal for Hyperspace, however, is to take hold of a share of the NFT market. Its aggregator will also be a fully fledged marketplace. As a result, users will also be able to list NFTs for sale on Hyperspace directly, which other Hyperspace users will be able to buy.

The idea is that taking off as an aggregator, could help it to become a popular marketplace in its own right.

One challenge to this plan is that an aggregator is more likely to succeed in an ecosystem where NFT volumes are spread across multiple marketplaces — because users would need to be more careful that they’re checking prices across multiple marketplaces in order to not miss out on a better deal.