Get Ready, NFT Tensor Marketplace Will Launch TNSR Token

The NFT marketplace on the Solana network, Tensor, will launch a TNSR. (Photo; Doc. Solana Floor)

JAKARTA - The Tensor Foundation has taken significant steps by announcing plans to launch their governance token, TNSR. This effort caught the attention of the crypto asset community and NFT, promising a new chapter of Tensor in user transparency and participation in the NFT Tensor trading platform.

The Tensor Foundation is an organization that supports Solana's NFT marketplace. As reported by Coingape, the Tensor Foundation reported a significant increase in trading volume, with Solana's NFT transactions reaching around US$2.2 billion (around Rp34.29 trillion) in a short time, a dramatic spike from US$7 million (around Rp108.99 billion) the previous year. This increase reflects the growing popularity of Solana's NFT and the key position of Tensor in the market.

Dubbed the Blur of Solana,' Tensor showed their ambition to dominate the NFT market on the Solana blockchain, following in the footsteps of Blur in the Ethereum ecosystem. Initial funding of US$3 million (around Rp46.76 billion), led by Placeholder VC with Solana Ventures and founder Solana, Anatoly Yakovenko and Raj Gokal, has strengthened their position in the market.

TNSR tokens are governance tokens to be issued by the Tensor Foundation for their Solana NFT marketplace. These tokens allow holders to participate in protocol decision making, giving them voting rights over platform directions and policies.

Although details about the airdrop or TNSR token setting mechanism are still kept secret, the Tensor Fountation confirms that further information will soon be announced. The move is part of a broader trend in the Solana ecosystem, where projects are exploring decentralized governance models.

The launch of the TNSR is an important step towards decentralizing governance in the Tensor project. Token holders will have voting rights in various market decisions, from feature updates to partnership deals, demonstrating Tensor's commitment to community-led governance models.