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Home > News
Published: 14/03/2024
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Author: Leexim
Solana’s Tensor Market Aims for NFT Growth
The Tensor Foundation introduces the $TNSR token for Solana's NFT market. Tensor protocols mark over $2 billion in NFT transactions.
Azcnews (1)
Solana’s ecosystem has recently witnessed a remarkable surge in transaction activity, particularly within its decentralized exchange (DEX) sector, where trade volume skyrocketed by 150%. This surge briefly propelled Solana’s network ahead of Ethereum. Adding to this momentum, a new development within the Solana NFT space has the potential to further elevate its NFT ecosystem.
The NFT marketplace Tensor, backed by the Solana Foundation, has unveiled plans to introduce its own governance token, $TNSR. This strategic move aims to decentralize decision-making processes within the community while also raising essential funds for the platform’s expansion.
The recent introduction of $TNSR marks a significant milestone for the Tensor NFT marketplace, which recently achieved a notable feat by surpassing $2 billion in total transaction volume. Although specifics regarding the distribution of $TNSR tokens are yet to be disclosed, the community eagerly anticipates further announcements regarding this matter.
While the exact distribution mechanism remains undisclosed, it’s anticipated that the Tensor Foundation will reserve a portion of $TNSR tokens for development, marketing initiatives, and ecosystem incentives. Such investments are vital for sustaining the project’s growth trajectory, which in turn could have a positive impact on Solana’s broader NFT ecosystem, known for its swift transaction speeds and minimal fees.
Related: NFTfi Raises $6 Million in Series A1
The Tensor Foundation’s decision to build on Solana underscores the platform’s robust underlying technology, specifically tailored to meet the evolving needs of a burgeoning digital asset landscape. Leveraging Solana’s scalable infrastructure, Tensor facilitates rapid NFT transactions with negligible fees, a factor crucial for attracting users and sustaining market growth.
Furthermore, Tensor’s journey highlights the supportive environment fostered by Solana through its grant programs. Originating from a $70,000 grant secured after winning two Solana hackathons in 2022, Tensor’s founders, Ilja Moisejevs and Richard Wu, kickstarted the company, laying the groundwork for its subsequent growth and success.
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Home > News
Published: 14/03/2024
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Author: Kane
Elon Musk Continues to Promote Dogecoin
The price of DOGE continued to climb as a video clip of Elon Musk, suggesting the possibility of Tesla accepting Dogecoin, circulated on social media platform X.
On the morning of March 14, 2024, UTC time, the crypto community on social media platform X (formerly Twitter) circulated a short video in which Elon Musk mentioned Tesla’s intention to accept payments in Dogecoin.
Specifically, during a recent visit to Tesla’s Giga Berlin factory, the CEO of the electric car company announced to the crowd that there would come a day when people could buy Tesla cars with Dogecoin.
When can you buy a Tesla with Dogecoin? I think we should activate this payment method at some point.
If you can buy goods from Tesla with DOGE, it would be awesome.
Therefore, Dogecoin to the moon.
Elon Musk’s special fondness for the meme-era currency is well known among almost everyone in the crypto market.
The billionaire has even integrated Dogecoin as a payment method for some items, or even unexpectedly changed Twitter’s blue bird logo to the Shiba Inu dog, the symbol of Dogecoin, although quickly reverted.
However, it’s important to note that the billionaire isn’t always “trustworthy” and often makes unpredictable statements on social media. Musk has a significant influence on the price of Dogecoin, but after the FOMO frenzy subsides, the market often faces strong corrections.
Therefore, the community should avoid excessive FOMO with this “Elon Musk indicator,” especially in the current volatile market conditions.
Related: Tesla Accepts Dogecoin Payments For CyberTruck?
Chart of Dogecoin after Elon Musk’s statement
The price of Dogecoin surged significantly from around $0.170 USD to $0.194 USD within just 15 minutes after the widespread sharing of this video. However, afterward, strong red candlesticks began to appear. Currently, DOGE is fluctuating around $0.185 USD.
Chart Dogecoin Elon Musk
DOGE/USDT on TradingView at 07:20 AM on March 14, 2024.
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#DOGE
#Dogecoin
#Elon Musk
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