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
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Author: Thomas Bialek
