NFT
Since announcing the funding in early March and adopting the same strategy as Blur, Tensor’s transaction volume and active users have increased significantly. In April, the cumulative number of active users reached 20,000, a new high.
Witness the rise of @SolanartNFT
Witness the rise of @MagicEden
Witness the rise of @tensor_hq
Witnessing the rise of @Solana pic.twitter.com/z2vVIs10RO
— Solana Sensei (@SolanaSensei) Apr 26, 2023
Tensor is an NFT marketplace built on the Solana blockchain (much like Blur on Ethereum), and the first season of Tensor, which started September 22, 2022, ended a month and a half ago. The second season started on March 6, 2023.
Tensor hosts airdrops that reward you if you meet certain conditions to incentivize users. This season, they are rewarding users with new rewards, which will increase activity. Less than two weeks since Season 2 began, and Tensor is already Solana’s 2nd largest NFT marketplace (behind Magic Eden). In this analysis you can observe the evolution of Tensor from all angles.
Tensor noted that there’s still no tool to calculate airdrop point returns, but users can start hunting right away. Based on the number of points, the user receives “secret boxes”. The reward will also be equal to the “rarity” of the box.
Season 2 aired in less than two months and NFT sales on Tensor have skyrocketed. Total sales since Season 2 aired has exceeded 300% of total Season 1 sales.
Looking at NFT sales, the season 2 sales period also seems to be doing well. The total sales of season 1 is equal to 41% of the total sales of season 2. That is enough to say that Tensor will be a very thriving ecosystem in this season 2. The number of NFT buyers in the new season has 268% reached of the total in Season 1.
At the time of mass attention, Solana’s NFT marketplace announced it had raised $3 million in a seed round led by the Placeholder investment fund, with participation from Solana Ventures, Big Brain Holdings and MonkeVentures.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.
