June 11, 2022, 3:01 p.m. EDT

• 11 minutes of reading

Quick grip

  • Fueled by the NFT mint craze, NFT projects have amassed massive cash
  • In total, the top 45 projects have accumulated a total of 215.6K ETH ($372.1 million at the current price of ETH) in primary revenue
  • Amazingly, 67% of the total cash balance has already been liquidated or moved within the first week of creation
  • Although two basic types of cash management have emerged, there seems to be plenty of room for improvement and the need for more sophisticated processes

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