Governance token unveiled by Tensor, the NFT marketplace supported by Solana

Solana-backed NFT marketplace Tensor has announced the launch of its own token, TNSR, to govern the protocols that have facilitated over $2 billion in NFT transactions. The Tensor Foundation revealed the launch of TNSR in a recent thread, with support from investors including Placeholder VC, Solana Ventures, Alliance DAO, Big Brain Holdings, and Solana co-founders Anatoly Yakovenko and Raj Gokal. The foundation aims to use TNSR to govern protocols and incentivize creators and builders in the NFT ecosystem. Tensor, which accounts for over 70% of Solana’s NFT trading volume, was initially funded with $70,000 prize money from Solana hackathons.