Tensor (TNSR)
(Current)
$0.53010
0.00020 (0.04%)
Open Price: 0.52
Tensor (TNSR) resides within the Solana ecosystem, but it's not quite a traditional cryptocurrency you might buy and hold for price appreciation. Tensor itself is actually a leading NFT (non-fungible token) marketplace built on Solana. Launched in July 2022, it quickly rose to prominence:
- NFT Trading Hub: Tensor boasts a significant share, often exceeding 60%, of Solana's daily NFT trading volume. This makes it a central platform for users to buy, sell, and trade NFTs on Solana.
- TNSR Token: In March 2024, Tensor introduced its governance token, TNSR. Unlike NFTs, TNSR functions more like a standard cryptocurrency. Owning TNSR grants holders voting rights on the future development of the Tensor marketplace. This allows the community to have a say in shaping the platform's direction.
So, while Tensor itself isn't a single NFT you can purchase, its TNSR token plays a crucial role in governing the popular Solana-based NFT marketplace.,