- Solana NFT marketplace Tensor is issuing a new governance token called TNSR that will let holders vote on changes to the protocol
- Tensor has not yet announced plans for an airdrop to distribute the new TNSR tokens, which is a popular way to get tokens to users
- TNSR will give holders a say in Tensor’s future direction; Tensor has ambitious plans including DAO capabilities, a cross-chain NFT bridge, and support for video NFTs
Solana NFT marketplace Tensor is planning to issue its own governance token called TNSR. The token will allow holders to vote on protocol changes and steer the marketplace’s development.
Tensor’s Airdrop Plans
Tensor has stayed quiet about conducting an airdrop to distribute the new TNSR tokens. Airdrops are a popular way for crypto projects to get tokens into the hands of users and supporters quickly. However, Tensor has not announced plans for an airdrop at this time.
Benefits of Governance Tokens
Governance tokens like TNSR give holders a say in how a protocol operates. Token holders can propose and vote on upgrades, new feature implementation, and other changes. Governance tokens are seen as a way to build community and align incentives between a project and its users.
Tensor’s Growth
Tensor has experienced rapid growth since its launch in late 2021. The NFT marketplace rose to prominence by offering zero listing fees and zero platform fees for creators. This helped attract users in a competitive market alongside giants like OpenSea.
Tensor’s Future Plans
Beyond the new TNSR token, Tensor has ambitious plans for 2022. The team is working on decentralized autonomous organization (DAO) capabilities for the marketplace. They are also planning to launch a cross-chain NFT bridge and support for video NFTs.
Conclusion
Tensor’s launch of a governance token signals its commitment to building a community-owned marketplace. Putting control in the hands of TNSR holders will likely boost engagement and align the project’s direction with its users’ interests. Along with plans for new features and a DAO, Tensor is poised for an exciting year of growth.
