Tensor (TNSR)

NFT Marketplace

Tensor is the leading NFT marketplace on the Solana blockchain, offering the fastest platform with the widest coverage of new NFT projects. It focuses on NFT traders by providing advanced trading features, real-time data, professional charting tools, and a fast terminal interface.

Governance and Discounts

The TNSR token is used for governance, allowing holders to vote on protocol decisions and manage the community treasury. Holding TNSR also grants discounts on trading fees and protocol fees when listing NFTs.

Trading and Ecosystem

Tensor supports deep liquidity and bulk NFT trading actions like sweeping, bidding, listing, and delisting. It integrates with Vector, a social trading app, enhancing the trading experience with social features and real-time market data.

Financial Tools

Tensor offers unique financial instruments such as Price Locks and YOLO Buys, designed to help traders manage their NFT investments more effectively.

In summary, Tensor is built to serve NFT traders with powerful tools, governance participation, and a fast, liquid marketplace on Solana.

Pros

• Tensor is the #1 NFT marketplace on Solana, offering the fastest trading, broadest coverage, and best execution for NFTs.
• It provides deep liquidity and real-time updates, making it attractive for both professional traders and casual collectors.
• The TNSR token offers fee discounts on the Tensor marketplace and governance rights over the protocol.
• Tensor is backed by strong investors like Placeholder VC and Solana Ventures, supporting ongoing development and innovation.
• The ecosystem includes Vector, a social trading app, which shares fees with Tensor, adding value to TNSR holders.
• Tensor supports advanced trading features and unique financial instruments like Price Locks and YOLO Buys.

Cons

• Tensor’s value depends heavily on the Solana NFT market, so if interest in Solana NFTs drops, demand for TNSR could decline.
• It has a relatively short track record compared to more established cryptocurrencies.
• MetaMask, a popular wallet, does not currently support Tensor, which may limit some users.
• The market for Tensor is smaller and can be influenced by large holders ("whales"), causing price volatility.
• As a specialized NFT marketplace, its appeal is mostly to users interested in Solana NFTs, which may limit broader adoption.

For more details, visit Tensor's official site.

Founders

Tensor was founded by Richard Wu and Ilja Moisejevs, two former finance and tech professionals who brought their experience with financial assets to build a pro trader-focused NFT marketplace on Solana.

Investors and Backers

The project is backed by Placeholder VC, Solana Ventures, and Solana co-founders Anatoly Yakovenko and Raj Gokal.

Investors in Tensor

Tensor is backed by several notable investors including Placeholder VC, Solana Ventures, and Solana co-founders Anatoly Yakovenko and Raj Gokal. Other investors involved in its seed funding round include Alliance DAO, Big Brain Holdings, and Marin Digital Ventures. Additionally, some early angel investors and customers who have used the platform since its early days also contributed to its funding.

Halal Status of Tensor

• Yes, Tensor is considered halal according to available Shariah analysis sources.
• This is because Tensor operates as a community-governed protocol focused on NFT trading infrastructure on the Solana blockchain, without involvement in interest (riba) or prohibited industries.
• However, formal Shariah certification or detailed screening reports specific to Tensor are limited, so individual discretion and further consultation with Islamic finance experts are advised.