{"id":11552,"date":"2024-03-13T12:48:08","date_gmt":"2024-03-13T10:48:08","guid":{"rendered":"https:\/\/forklog.com\/en\/solana-based-nft-marketplace-tensor-to-launch-governance-token\/"},"modified":"2024-03-13T12:48:08","modified_gmt":"2024-03-13T10:48:08","slug":"solana-based-nft-marketplace-tensor-to-launch-governance-token","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/solana-based-nft-marketplace-tensor-to-launch-governance-token\/","title":{"rendered":"Solana-Based NFT Marketplace Tensor to Launch Governance Token"},"content":{"rendered":"<p>The team behind the Solana-based NFT trading platform Tensor has introduced the governance token TNSR.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Introducing <a href=\"https:\/\/twitter.com\/search?q=%24TNSR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TNSR<\/a> \u2014 the future of NFT trading.<a href=\"https:\/\/twitter.com\/search?q=%24TNSR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TNSR<\/a> will govern Tensor protocols that have already traded over $2bn worth of NFTs on the fastest, most scalable blockchain \u2014 Solana. <a href=\"https:\/\/t.co\/eff2IxGOwr\">pic.twitter.com\/eff2IxGOwr<\/a><\/p>\n<p>\u2014 Tensor Foundation (@TensorFdn) <a href=\"https:\/\/twitter.com\/TensorFdn\/status\/1767616700609171508?ref_src=twsrc%5Etfw\">March 12, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Tensor Foundation has not disclosed any details about the token&#8217;s release, promising to provide information &#8220;soon.&#8221;<\/p>\n<p>According to a brief explanation, the organization will continue to support the operation of Tensor protocols under community governance.<\/p>\n<p>The developers noted that trading volume on the marketplace has exceeded $2 billion since its launch. According to <a href=\"https:\/\/flipsidecrypto.xyz\/marqu\/solana-nft-marketplaces-wash-trading-F-UoCh\">Flipside Crypto<\/a>, Tensor&#8217;s share of NFT trading on Solana over the past 90 days was more than 70% (excluding wash trading).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Solana-NFT-Marketplaces-Organic-Wash-Trading-marqu-Flipside-Google-Chrome.webp\" alt=\"Solana-NFT-Marketplaces-Organic-Wash-Trading-marqu-Flipside-Google-Chrome\" class=\"wp-image-228175\"\/><figcaption class=\"wp-element-caption\">Data: Flipside Crypto.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNFTs today are a niche community on the fringes of the web. NFTs tomorrow will power products, businesses and entire industries. NFT traders will go from thousands to billions,\u201d stated the Tensor Foundation.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">NFTs today are a niche community on the fringes of the web. NFTs tomorrow will power products, businesses and entire industries. NFT traders will go from thousands \u2014 to billions.<\/p>\n<p>\u2014 Tensor Foundation (@TensorFdn) <a href=\"https:\/\/twitter.com\/TensorFdn\/status\/1767616704535040315?ref_src=twsrc%5Etfw\">March 12, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/www.cryptoslam.io\/blockchains\/solana?timeFrame=month\">CryptoSlam<\/a>, NFT trading volumes on Solana have surged since December last year, consistently exceeding $200 million monthly. The cumulative figure surpassed $5 billion back in February <a href=\"https:\/\/forklog.com\/en\/news\/solana-nft-sales-surpass-5-billion\">according to reports<\/a>.<\/p>\n<p>However, in terms of market share, Solana lags not only behind the clear leader Ethereum but also the Bitcoin blockchain.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/CryptoSlam-NFT-data-rankings-prices-sales-volume-charts-market-cap-Google-Chrome.webp\" alt=\"CryptoSlam-NFT-data-rankings-prices-sales-volume-charts-market-cap-Google-Chrome\" class=\"wp-image-228176\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.cryptoslam.io\/\">CryptoSlam<\/a>.<\/figcaption><\/figure>\n<p>In December, the Bitcoin network accounted for <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-dominates-december-nft-trading-volume-coingecko-reports\">42% of NFT trading volume<\/a> amid another Ordinals boom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind the Solana-based NFT trading platform Tensor has introduced the governance token TNSR. Introducing $TNSR \u2014 the future of NFT trading.$TNSR will govern Tensor protocols that have already traded over $2bn worth of NFTs on the fastest, most scalable blockchain \u2014 Solana. pic.twitter.com\/eff2IxGOwr \u2014 Tensor Foundation (@TensorFdn) March 12, 2024 The Tensor Foundation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213,1159],"class_list":["post-11552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11552"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11551"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}