June 11, 2022, 3:01PM EDT
• 11 min read

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 221.3K ETH ($290.9mm 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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