NFT

A Look at NFT Treasury Outflows

06/13/2022
Bitcoin Ethereum News

June 11, 2022, 3:01PM EDT

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• 11 min read

Quick Take

  • Fueled by the NFT mint craze, NFT projects have amassed massive treasuries
  • In total, the top 45 projects accumulated an aggregate of 215.6K ETH ($372.1mm at the current ETH price) in primary revenue
  • Surprisingly, 67% of the total treasury balance was already liquidated or moved within the first week after inception
  • Although two basic treasury management types emerged, there appears to be a lot of room for improvement and the need for more sophisticated processes

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Source: https://www.theblockresearch.com/a-look-at-nft-treasury-outflows-151413?utm_source=rss&utm_medium=rss