Just two months ago, NFT trading platform Tensor raised $3 million in a seed round. Fast forward to today, and it is close to regaining its position as the biggest Solana-based NFT marketplace, based on market share.
“A lot of momentum came from the announcement,” Tensor co-founder Richard Wu said, speaking about the seed round, which TechCrunch covered exclusively in March. “When it comes to a marketplace, liquidity is key to attract users, and it had a snowball effect on itself.”
Tensor last week reached 45% of Solana’s NFT market share, surpassing Solana-centric NFT marketplace Magic Eden’s 44% share over a seven-day period, according to data collected by Tiexo. While the 1% difference may seem nominal, it’s a huge jump for a fairly new platform up against a giant with almost 200x the users.
Tensor launch …
