A few moments ago, a leading Solana NFT marketplace, Tensor, went to X officially announce embracing his proud position as the first of its kind Metaplex core.
Source: MetaplexAdditional core benefits
The Metaplex FoundationThe company’s commitment to decentralizing the digital asset economy is evident in its strategic allocation of protocol costs. Allocating 50% of these fees to the purchase of $MPLX tokens for the Metaplex DAO underlines its commitment to community-led governance.
Additionally, Core’s design eliminates the need for token programs, reducing coin and operational costs. The single-account model not only simplifies asset management, but also delivers significant cost savings compared to traditional token-based alternatives.
The royalty enforcement approach also significantly reduces compute requirements, setting yet another efficiency standard for NFTs on the Solana network.
Tensor’s early adoption of Core underlines the market’s foresight and commitment to fostering a more accessible, efficient and developer-friendly environment for digital assets on the Solana blockchain.
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