Tensor (TNSR) is the governance token for the Tensor protocol ecosystem, a decentralised set of trading protocols for NFTs on Solana. These protocols, created by Ilja Moisejevs and Richard Wu, initially focused on NFT data aggregation before expanding to include a full suite of NFT trading tools, including a marketplace and automated market maker. Tensor leverages Solana’s high transaction speeds and low fees to support large-scale NFT trading, and TNSR tokenholders participate in community governance, deciding on protocol changes and trading fee adjustments. TNSR also provides holders with trading discounts and supports proposals to maintain and grow the Tensor ecosystem through the Tensor DAO.
