Are there any new players emerging in the NFT trading platform? New public chains may become fertile ground for incubating this sector

On March 13, 2024, the NFT market Tensor within the Solana ecosystem announced the issuance of the governance token TNSR. Through this strategy, TNSR holders will gain control over the future direction of the protocol. The Tensor protocol has processed over $2 billion in Solana NFT transactions, accounting for more than 70% of the NFT transaction volume on the Solana network in the past 90 days, demonstrating its leadership position in the market.

Since completing a $3 million funding round in March 2023, Tensor has gained widespread support from the community and investors due to its outstanding performance and technical strength in the Solana hackathon. As the Tensor Foundation is set to announce more details about the TNSR token issuance, the community is filled with anticipation for its future development.
Next, let’s delve into how Tensor is shaping its unique position within the Solana ecosystem.

After the launch of the governance token $TNSR, every move of Tensor has attracted widespread attention from users

With the Solana ecosystem achieving an astonishing 150% growth in decentralized exchange (DEX) trading volume, even surpassing Ethereum at one point, the Solana NFT market has also welcomed new development opportunities. Against this backdrop, Tensor, an NFT market supported by the Solana Foundation, has demonstrated its commitment to advancing the NFT ecosystem by launching the governance token $TNSR.
This initiative aims to promote broader participation and decision-making by transferring governance rights to community members, while also raising funds for the platform's expansion and further development. This strategy closely follows the announcement of the platform's total trading volume reaching $2 billion, with the $TNSR token launched on March 12.
Currently, details regarding the distribution of the $TNSR token—whether through an initial issuance or via airdrops to users—remain a mystery. The Tensor Foundation has called on community members to stay tuned, promising to release more information in the future. Additionally, the foundation may reserve a portion of the tokens to support project development, marketing activities, and ecosystem incentives, which are crucial for maintaining the project's sustained growth.
Tensor's success story not only showcases the efficient performance of Solana technology but also proves its infrastructure's capability to support fast, low-cost transactions. Leveraging Solana's advanced technology, Tensor can achieve rapid sales of NFTs. At the same time, Tensor has benefited from the funding support provided by Solana, with its founders using the prize money won to launch and advance the project.

Moreover, the latest funding program from the Solana Foundation has provided $1 million to AI blockchain startups based on Solana, further demonstrating its support for innovation and community-driven projects. The launch of the $TNSR token not only highlights the strength and efficiency of Solana's infrastructure but also emphasizes the importance of building a community-driven ecosystem. For potential investors, it is essential to understand the relevant terms and evaluate the opportunities and risks before participating in any token sales or airdrop activities.

Compared to other NFT trading platforms, Tensor market has a series of irreplaceable core advantages

The Tensor market, designed for professional NFT traders seeking advanced features and real-time data analysis, has become an innovative highlight within the Solana ecosystem. This platform not only provides real-time data updates and complex trend analysis tools, such as detailed candlestick charts, but also introduces advanced features like automated market maker (AMM) pools, aimed at enhancing the dynamism and efficiency of NFT trading. In addition, Tensor encourages user participation in trading, bidding, and providing liquidity through a series of incentives, such as NFT airdrops and mystery boxes, thereby enhancing user engagement and platform activity.
To meet the needs of different users, Tensor has also launched a "Lite" mode, which is an intuitive and visually simplified user interface designed to provide convenience for those who prefer simpler operations. However, Tensor's core design philosophy is aimed at meeting the needs of professional traders who require advanced trading tools and resources. This design philosophy stems from Tensor's founders, who, with their extensive experience in finance and technology, deeply understand the immense potential of NFTs as a global trading asset class and the professional trading environment needed to realize that potential.
The establishment of Tensor marks one of the initial attempts in the web3 space to meet the demand for advanced features, precision, and efficiency in professional trading platforms. It is not just a marketplace but a bridge connecting traditional financial trading and the emerging NFT world, showcasing the future direction of digital asset trading.
Tensor's core advantages lie in its unique features and services, which set it apart in the crypto market:

1. Decentralized governance: Adopting a DAO model ensures that users have a sense of participation and decision-making power in the platform's development, creating a fair and transparent ecosystem.
2. Royalty-free secondary sales: Allowing creators to sell their NFTs without paying additional fees enhances the earnings of artists and creators.
3. Scalability and speed: Based on the Solana blockchain, leveraging its high throughput design provides a fast and cost-effective experience for NFT trading.
4. Interoperability: As the Solana ecosystem matures, NFT creators can easily build interactive features with other applications (such as DeFi).
5. Low transaction costs: Benefiting from Solana's low gas fees, lowering the barrier to participate in NFT trading.
6. Community-driven: An active community supports the platform's development, providing feedback and suggestions to help the platform continuously improve.
7. Tensor Super Fan Program: Through the "Tensorians" program, users are encouraged to actively participate, enjoy rewards and special benefits, becoming a core force of the platform.
   Tensor not only occupies a place in the NFT market through its innovative technology and user-friendly strategies but also showcases a new paradigm of digital asset trading through its unique governance model and community-driven development strategy. This platform not only meets the needs of professional traders but also makes significant contributions to the development and prosperity of the NFT ecosystem.

Tensor enters the artificial intelligence track by launching a $20 million Phoenix AI ecosystem fund in collaboration with JDI Group

On March 10, 2024, Tensor and JDI Group jointly announced a significant initiative: the launch of the $20 million Phoenix AI ecosystem fund. This fund focuses on promoting innovation and development in decentralized artificial intelligence (AI) infrastructure, marking a new chapter in the integration of AI and blockchain technology. The goal of the Phoenix AI ecosystem fund is to invest in, incubate, and nurture emerging DApps and AI ecosystem partners, particularly those built on the Phoenix AI platform. The investment areas cover various verticals, including AI-assisted DeFi, trading, Web3 gaming, the metaverse, and content creation.

This collaboration is not only a financial investment in the decentralized AI field but also a strong confidence in the future development potential of this area. The Phoenix platform, as a pioneer of decentralized AI infrastructure, demonstrates versatility and strong capabilities through its SkyNet AI elastic computing platform. From generative AI to large language models (LLM), machine vision, and deep analysis of AI quantitative trading, Phoenix supports a wide range of application scenarios, attracting numerous ecosystem partners to join.
The strategic layout of the Phoenix AI ecosystem fund is divided into two core directions: on one hand, it promotes innovation in AI-assisted DeFi, trading, Web3 gaming, the metaverse, and content creation by incubating and supporting new applications and AI ecosystem partners. On the other hand, the fund will focus on developing and expanding the Phoenix AI computing network, providing lightweight, cost-effective, and scalable AI computing nodes through PhoenixNode launched by Bobber.com, offering strong computational support for decentralized AI applications.
Through the establishment of the Phoenix AI ecosystem fund, JDI Group and Tensor not only demonstrate a shared vision for the future of decentralized AI technology but also pave the way for the integration of AI and blockchain technology. The dual focus of this fund—both promoting the incubation and growth of new applications and strengthening the construction of underlying computing infrastructure—reflects a comprehensive strategic thinking aimed at nurturing a sustainable and continuously expanding AI ecosystem.
As the Phoenix ecosystem continues to mature and expand, its influence in AI-assisted DeFi, trading, Web3 gaming, the metaverse, and content creation is expected to grow, opening new chapters for technological advancement and industry collaboration. This visionary move by JDI Group and Tensor is not only an investment in technology but also a firm belief in the full potential of future decentralized AI, paving the way for a more open and collaborative digital world.