How Tensor shapes its unique position in the Solana ecosystem

Author: DeMan

On March 13, 2024, the NFT market Tensor in the Solana ecosystem announced the release Governance token TNSR. Through this strategy, TNSR holders will gain control over the future direction of the protocol. The Tensor protocol has processed more than $2 billion in Solana NFT transactions, accounting for more than 70% of the Solana network’s NFT transaction volume in the past 90 days, demonstrating its leadership in the market.

Since completing $3 million in financing in March 2023, Tensor has won widespread support from the community and investors with its outstanding performance and technical strength in the Solana Hackathon. As Tensor Foundation is about to announce more details about the issuance of TNSR tokens, the community is full of expectations for its future development.

Next, let’s take a deeper look at how Tensor shapes its unique position in the Solana ecosystem.

After the launch of the governance token $TNSR, every move of Tensor has attracted widespread attention from users

As the Solana ecosystem has achieved an astonishing 150% growth in decentralized exchange (DEX) trading volume, even surpassing Ethereum for a time, Solana's NFT market has also ushered in new development opportunities. Against this background, Tensor, an NFT marketplace supported by the Solana Foundation, has demonstrated its commitment to promoting the development of the NFT ecosystem by launching the governance token $TNSR.

This initiative by Tensor aims to promote broader participation and decision-making by handing over governance to community members, while also providing opportunities for the expansion and further development of the platform. Raise funds for development. The strategy launched the $TNSR token on March 12, hot on the heels of announcing a milestone of $2 billion in total trading volume on the platform.

For now, details on how $TNSR tokens will be distributed—whether through an initial offering or via airdrop to users—remain mysterious. The Tensor Foundation has called on community members to stay tuned, promising to release more information in the future. In addition, the foundation may set aside a portion of the tokens to support the project’s development, marketing activities, and incentivize the ecosystem, which is critical to maintaining the project’s continued growth.

Tensor’s success story not only demonstrates the efficient performance of Solana technology, but also proves the ability of its infrastructure to support fast, low-cost transactions. Leveraging Solana’s advanced technology, Tensor is able to enable rapid sales of NFTs. At the same time, Tensor also benefited from the financial support provided by Solana, and its founders used the winnings to launch and advance the project.

In addition, the Solana Foundation’s latest funding program provides $1 million in funding for Solana-based AI blockchain startups, further demonstrating its support for innovative and community-driven projects . The launch of the $TNSR token not only highlights the power and efficiency of Solana’s infrastructure, but also the importance of building a community-driven ecosystem. It is important for potential investors to understand the terms and evaluate the opportunities and risks involved before participating in any token sale or airdrop.

Compared with other NFT trading platforms, Tensor Market has a series of irreplaceable core advantages

Tensor Market, designed for professional NFT traders who pursue advanced functions and real-time data analysis, has become an innovative highlight in the Solana ecosystem. This platform not only provides real-time data updates and sophisticated trend analysis tools such as detailed candlestick charts, but also introduces advanced features such as automated market making (AMM) pools, aiming to improve the dynamics and efficiency of NFT trading. In addition, Tensor encourages users to participate in transactions, bids and provide liquidity through a series of incentives, such as NFT airdrops and mystery boxes, thus enhancing user participation and platform activity.

To meet the needs of different users, Tensor has also launched "Lite" mode, an intuitive and visually simplified user interface designed for those who prefer Simple operation provides user convenience. However, Tensor's core design philosophy is to cater to professional traders who require advanced trading tools and resources. This design philosophy stems from Tensor’s founders, who, with their extensive experience in the financial and technology fields, have a deep understanding of the huge potential of NFTs as a globally traded asset class, as well as the professional trading environment required to realize this potential.

The creation of Tensor marks one of the initial attempts in the web3 field to meet the advanced functionality, accuracy and efficiency needs of professional trading platforms. It is not only a market, but also a bridge, connecting traditional financial transactions and the emerging NFT world, showing the future direction of digital asset transactions.

Tensor’s core advantage lies in its unique features and services, which make it unique in the crypto market:

1. Decentralized governance: The adoption of the DAO model ensures that users have a sense of participation and decision-making power in the development of the platform, creating a fair and transparent ecosystem.

2. Royalty-free secondary sales: Allowing creators to sell their NFTs without paying additional fees enhances the income of artists and creators.

3. Scalability and speed: Based on the Solana blockchain, it uses its high-throughput design to provide a fast, cost-effective experience for NFT transactions.

4. Interoperability: As the Solana ecosystem matures, NFT creators can easily build interactive functions with other applications (such as DeFi).

5. Low transaction costs: Thanks to Solana’s low gas fees, the threshold for participating in NFT transactions is lowered.

6. Community-driven: An active community supports the development of the platform, provides feedback and suggestions, and helps the platform continue to improve.

7. Tensor Super Fan Program: Through the "Tensorians" program, users are encouraged to actively participate, enjoy rewards and special benefits, and become the core strength of the platform.

Tensor has not only carved a niche in the NFT market through its innovative technology and user-friendly strategies, but also through its unique governance model and community-driven development strategy , demonstrating a new paradigm for digital asset trading. This platform not only meets the needs of professional traders, but also makes an important contribution to the development and prosperity of the NFT ecosystem.

Joining JDI Group to launch the Phoenix AI Ecological Fund worth US$20 million, Tensor enters the artificial intelligence track

On March 10, 2024, Tensor and JDI Group jointly announced a major initiative: the launch of the Phoenix AI Ecological Fund worth US$20 million. This fund focuses on promoting the innovation and development of decentralized artificial intelligence (AI) infrastructure, marking a new chapter in the integration of AI and blockchain technology. The goal of the Phoenix AI Ecosystem Fund is to invest, incubate and cultivate emerging DApp and AI ecosystem partners, especially those projects built on the Phoenix Artificial Intelligence Platform. The investment areas cover multiple vertical industries such as artificial intelligence-assisted DeFi, trading, Web3 games, metaverse and content creation.

This cooperation is not only a financial investment in the field of decentralized AI, but also a firm confidence in the future development potential of this field. Phoenix Platform, a pioneer in decentralized AI infrastructure, demonstrates versatility and power through its SkyNet AI elastic computing platform. From generative AI to large language models (LLM), machine vision and in-depth analysis of AI quantitative transactions, Phoenix provides support for a wide range of application scenarios and has attracted many ecosystem partners to join.

The strategic layout of Phoenix AI Ecological Fund is divided into two core directions: on the one hand, through incubating and supporting new applications and AI ecosystem partners, it promotes the development of artificial intelligence. Innovations in the fields of smart-assisted DeFi, trading, Web3 games, metaverse and content creation. On the other hand, the fund will focus on developing and expanding the Phoenix AI computing network, providing lightweight, cost-effective and scalable artificial intelligence computing nodes through the PhoenixNode launched by Bobber.com to provide powerful solutions for the needs of decentralized AI applications. calculation support.

JDI Group and Tensor have not only demonstrated their shared vision for the future of decentralized artificial intelligence technology through the establishment of the Phoenix AI Ecological Fund, but also created a solid foundation for AI and blockchain The integration of blockchain technology has opened up a new path. The fund’s dual focus—both promoting the incubation and growth of new applications and strengthening the underlying computing infrastructure—reflects a comprehensive strategic thinking aimed at cultivating a sustainable and scalable artificial intelligence ecosystem. Smart ecosystem.

As the Phoenix ecosystem continues to mature and expand, its impact in areas such as AI-assisted DeFi, trading, Web3 games, metaverse and content creation The force is expected to continue to grow, opening a new chapter for technological advancement and industry collaboration. This far-sighted move by JDI Group and Tensor is not only an investment in technology, but also a firm belief in the full potential of decentralized artificial intelligence in the future, paving the way for building a more open and collaborative digital world.