Tensor Becomes First NFT Marketplace to Embrace Metaplex Core

Tensor’s

integration of Core streamlines the platform’s data management into a single on-chain account, enhancing digital asset handling, making development workflows more efficient, and lowering operational costs.

Moreover, Core’s flexible plugin system facilitates the customization and expansion of assets, from staking mechanisms to point systems, offering vast opportunities for innovation.

Enabled by the Metaplex Developer Platform, the NFT protocol guarantees smooth interoperability with key tools and utilities right from the start of its Mainnet launch, which geared up on April 2.

Additional Core Perks

The Metaplex Foundation‘s commitment to decentralizing the digital asset economy is evident in its strategic allocation of protocol fees. Allocating 50% of these fees towards purchasing $MPLX tokens for the Metaplex DAO underlines its dedication to community-led governance.

Additionally, Core’s design eliminates the need for token programs, slashing minting and operational costs. Its single-account model not only simplifies asset management but also brings about substantial cost savings compared to traditional token-based alternatives.

Its approach to royalty enforcement also significantly reduces computation requirements, thus pioneering another efficiency standard for NFTs on the Solana network.

Tensor’s early adoption of Core highlights the marketplace’s foresight and commitment to fostering a more accessible, efficient, and developer-friendly digital asset environment on the Solana blockchain.