Solana-based
NFT
trading
platform
Tensor
said
Tuesday
it
will
issue
a
token,
$TNSR,
whose
holders
will
govern
the
protocol.
In
a
post
on
X
(formerly
Twitter)
the
Tensor
Foundation
said
more
details
about
the
token’s
release
will
come
“soon.”
It
did
not
state
whether
there
would
be
an
airdrop.
“Shortly,
Tensor
protocols
will
be
adopted
by
the
Tensor
Foundation
and
governed
by
the
Tensor
community
using
$TNSR,”
the
post
read.
Since
December
a
spate
of
crypto
finance
projects
in
the
Solana
blockchain
ecosystem
have
released
tokens
in
attempts
to
“decentralize”
their
governance.
Holders
of
these
tokens
get
to
vote
on
the
directions
of
their
protocols.
Oftentimes
those
who
have
used
the
protocol
heavily
–
by,
say,
trading
hundreds
of
NFTS
–
get
bigger
allocations
of
the
token.