Solana-Based NFT Trading Platform Tensor Successfully Closes $3 Million Seed Funding Round

03/07/2023 12:08 • Blockchain Briefs • 104 views

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

Analysis based on this information:

Tensor, an NFT trading platform built on Solana, has announced that it has completed a $3 million seed funding round. Leading the investment was Placeholder, one of the major investors in blockchain technology. Other investors included Solana Ventures, Alliance DAO, Big Brain Holdings, and the two co-founders of Solana, Anatoly Yakovenko and Raj Gokal.

Tensor launched its private beta model in June 2022 and has plans to open it to the public next month. This latest funding round will be used to scale and accelerate Tensor’s growth.

The platform is being built on Solana because it has high throughput, low fees, and is highly scalable. This is ideal for NFT trading, which can involve a high volume of transactions. Solana’s blockchain is considered to be faster and more efficient than those of other blockchains, making it an ideal platform for NFT trading.

Tensor’s NFT trading platform has been highly anticipated by the crypto community due to its ability to support simultaneous trading of both fungible and non-fungible tokens on the same platform. This has the potential to revolutionize the NFT market by providing traders with a more flexible and efficient platform.

The successful seed funding round demonstrates the growing interest in NFT trading on Solana, which is quickly becoming one of the most popular blockchains for NFTs. As more NFTs are created and traded, the demand for trading platforms like Tensor will only increase.

In conclusion, Tensor’s successful seed funding round is a significant milestone for the NFT trading platform, and it is expected to shake up the NFT market by providing traders with a more efficient and scalable platform. Keywords such as Solana chain, seed round financing, and public launch highlight the company’s massive growth potential and the growing interest of investors in the NFT market on the Solana network.

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