#### What is Tensor? Tensor (TNSR) is a prominent player in the Non-Fungible Token ([NFT](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/nft)) marketplace, specifically within the [Solana](https://www.coinbase.com/learn/crypto-basics/what-is-solana) [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) ecosystem. It aims to provide a fast and professional NFT trading experience, offering a wide range of the latest NFT projects on Solana. The Tensor Foundation facilitates community-led governance over Tensor protocols and seeks to develop the Tensor ecosystem. The $TNSR token, with a total supply of 1 billion, plays a crucial role in this ecosystem, enabling community members to manage key parameters of the Tensor protocols and get discounts when trading on Tensor protocols. #### How does Tensor work? Tensor operates through a series of protocols that facilitate the trading of NFTs on the Solana blockchain. These protocols include the Tensor Marketplace, Tensor Automatic [Market Maker](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/automated-market-maker--amm-) (AMM), Tensor Price Lock, Tensor Escrow, and Tensor Whitelist. The $TNSR token is used for governance, allowing token holders to manage key parameters of the Tensor protocols. The governance process involves three steps: research forum discussion, Realms tokenholder voting, and a security council review & execution. The Tensor protocols have been audited for security and are in the process of being made [open source](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/open-source). #### What are the potential use cases for Tensor? Tensor aims to serve as a critical trading infrastructure for NFTs built on Solana, a blockchain known for its throughput, speed, and low fees. It seeks to facilitate permissionless trading of NFTs, providing a platform for NFT collectors and traders to engage in transactions. The $TNSR token can be used by holders to get discounts when trading on Tensor protocols, and if the listing is created in $TNSR, the [protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol) fee is reduced. Furthermore, the Tensor Foundation aims to use the $TNSR token to facilitate community-led governance over Tensor protocols, allowing token holders to vote on key parameters and proposals. #### What is the history of Tensor? Tensor was launched in July 2022 and quickly gained momentum for offering a fast and professional NFT trading experience on Solana. In less than a year, it rose to the top spot as the largest NFT marketplace on Solana, with 60-70% of Solana NFT volume flowing through Tensor's marketplace protocols every day. To date, Tensor protocols have traded over $2bn worth of Solana NFTs. The Tensor Foundation was established to facilitate community-led governance over Tensor protocols and to help the Tensor [Decentralized Autonomous Organization](https://blog.coinbase.com/daos-social-networks-that-can-rewire-the-world-128b73732547) ([DAO](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/decentralized-autonomous-organization--dao-)) grow and develop the Tensor ecosystem.