The Block: A Look at NFT Treasury Outflows
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
Additional Info
- Read full article on: The Block
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