The acquisition includes full marketplace fee allocation to the TNSR treasury, significant token burn, and extended founder lockup, amid insider trading concerns.
The Solana-based Tensor Foundation has acquired Tensor Marketplace and the Tensorians NFT collection from Tensor Labs. Following the deal, all marketplace fees will be allocated to the TNSR treasury. The foundation will burn 21.6% of unvested TNSR tokens and extend the lockup period for founder tokens by three years. The move comes after a sharp price surge in TNSR preceding the announcement, raising concerns over potential insider trading.