NFT Trading Platform Tensor Completes Seed Round Financing of $3 Million
It is reported that Tensor, the NFT trading platform on the Solana chain, announced the completion of a seed round financing of US $3 million, with Placeholder…
It is reported that Tensor, the NFT trading platform on the Solana chain, announced the completion of a seed round financing of US $3 million, with Placeholder leading the investment, Solana Ventures, Alliance DAO, Big Brain Holdings, and Solana co-founders Anatoly Yakovenko and Raj Gokal participating in the investment. Tensor launched the private beta model in June 2022 and plans to open it to the public next month. （TechCrunch）
Tensor, the NFT trading platform on the Solana chain, completed a seed round financing of US $3 million
Interpretation of the news:
Tensor, an NFT trading platform developed on the Solana chain, has just announced the successful completion of a seed round financing of $3 million. Placeholder led the investment, with notable participation from Solana Ventures, Alliance DAO, Big Brain Holdings, and Solana co-founders Anatoly Yakovenko and Raj Gokal.
Tensor, which launched its private beta model in June 2022, is set to open up to the public next month. The platform is aiming to disrupt the current NFT trading sector by introducing a faster, more user-friendly, and cost-effective platform for both buyers and sellers.
The Solana chain, which is known for its high speed and scalability, provides Tensor with the foundation needed to bring such a platform to life. The chain’s ability to handle large transaction volumes in a short period makes it an ideal blockchain solution for the burgeoning NFT market. Since its development, Solana has been gaining traction among developers who believe that it can deliver an alternative investing platform to Ethereum (ETH), which has struggled with issues such as network congestion and high gas fees.
The financing round serves as a boost to Tensor’s commitment to tapping into the capabilities of Solana, as it looks to establish itself as the go-to platform for NFT trading. Apart from the efforts of the Ethereum network, the NFT market has so much untapped potential that only a SOL-based project could neutralize the impact of issues such as congestion and high fees on the trading of digital assets.
In conclusion, Tensor’s seed financing round will help to finance the development of a platform that Solana NFT investors are hoping to be the preeminent NFT trading spot of choice. With the launch of its public beta mode slated for next month, Tensor is set to take the NFT trading industry by storm.
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