### What is Tensor?
Tensor is a pioneering NFT marketplace operating on the Solana blockchain. It is known for providing advanced trading features, deep liquidity across more than 30,000 NFT collections, and real-time updates for both traders and creators.

### How does Tensor work?
Tensor leverages Solana's blockchain technology to offer a fast and efficient NFT trading experience. It incorporates advanced trading features such as Price Locks, allowing traders to long or short NFTs with minimal upfront fees, and introduces AMM-styled liquidity pools for efficient price discovery. It utilises Solana's Proof of Stake consensus mechanism to ensure fast and cost-effective transactions, and smart contracts to facilitate NFT transactions and management within its ecosystem.

### What are the potential use cases for Tensor?
Tensor can be utilised in various sectors, including:

- **NFT Trading and Management**: It facilitates the trading of digital art, gaming assets, and digital identity NFTs.
- **Financial Instruments**: Introduces innovative trading mechanisms like Price Locks and YOLO Buys.
- **Community Engagement**: Offers special rewards and features to a community of superfans known as Tensorians.
- **Partnerships and Collaborations**: Enhanced through listings and partnerships with platforms like Bitget.
- **Industry Potential**: Promotes Web3 innovation and competes robustly as an NFT marketplace.

### What is the history of Tensor?
Tensor was founded in March 2022 by Ilja Moisejevs and Richard Wu. Initially targeting the development of an NFT pricing oracle, the project pivoted to an NFT trading platform upon identifying a market need for sophisticated trading tools. The platform has facilitated over $2 billion in transactions, representing significant Solana NFT trading volume. Tensor introduced notable updates such as compressed NFTs, significantly reducing cost barriers, and developed an AMM for NFTs to enhance trading capabilities. A major milestone was the launch of its governance token, TNSR, further enabling community-driven protocol governance.

Tensor

Immutable X

Ape Coin

SuperVerse

Flow

SuperRare

RARI

Muse DAO

NFT Worlds

Pundi X PURSE

Tensor (TNSR)

Similar Coins

IMX

APE

SUPER

FLOW

RARE

RARI

MUSE

WRLD

PURSE

Resources

Tensor (TNSR) Price Index

Tensor Price

Trading volume

Market cap

Resources