Just moments ago, a leading Solana NFT marketplace, Tensor, took to X to officially announce its proud position as the first NFT marketplace to embrace Metaplex Core.
Source: MetaplexPromoting Community-Led Approach and Financial Efficiency
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, setting yet another new 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.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
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