Tensor, a Solana-based NFT marketplace, announced at the Solana Breakpoint conference that its codebase is now fully open source.
By making the code public, Tensor unlocks several key benefits for the non-fungible token (NFT) ecosystem. Developers can now build and deploy applications utilizing Tensor’s NFT tools like automated market maker (AMM) pools without any restrictions. Additionally, the platform offers free Web2 API support, making it easier for developers to integrate Tensor functionalities into their existing projects.
“True to our original vision, we now have the Open NFT Finance Layer on Solana,” said Richard Wu in a X post from Sept. 20.
To incentivize app creation and protocol adoption, Tensor also implemented a fair revenue-sharing model. A 50/50 fee split between the Tensor Foundation and developers ensures that both parties benefit from the success of the platform. Tensor itself also collects a 2% protocol fee.
Additionally, at Solana’s conference, Tensor unveiled its plans, which include advanced features such as collateralized lending, trading bots, and vertical marketplaces for gaming and tokenized collectibles.
To further support the growth of the ecosystem, the Tensor Foundation also launches milestone-based grants to initiatives aimed at increasing the adoption of Tensor protocols.
Tensor Breakpoint Highlights @tensor_hq @0xrwu – Tensor just fully open-sourced the code. What’s next for Tensor: – Advanced Trading: Collateralized Lending – Trading Bots Vertical Marketplaces: – Games – Tokenized Collectibles DEGEN: – Pumpdotfun for NFTs – Chance-based… pic.twitter.com/NXP8TNGCb0
— Seb Monty (@SebMontgomery) September 20, 2024
