Tensor Announces Full Open Source And New Product Development

According to Foresight News, at the Solana Breakpoint conference, Richard Wu, co-founder of the Solana ecosystem NFT trading platform Tensor, announced that Tensor is now fully open source. This includes five protocols such as the NFT marketplace. Wu also mentioned that Tensor has hosted a free and fully customizable Web2 API, theoretically allowing complete cloning of their frontend. Additionally, Wu detailed the fee structure for the Tensor NFT marketplace. Fifty percent of Tensor's fees will go to developers, while the remaining fifty percent will be allocated to the Tensor Foundation treasury. The Tensor Foundation has also opened a grant program, which is currently accepting token grant applications. Wu revealed that Tensor has been developing a new product over the past month.