Richard | Tensor (sol/acc)
@0xrwu
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co-founder/cto @tensor_hq , the #1 marketplace on Solana. On a mission to make Solana the #1 chain for NFTs. Hiring for Tensor!
richardwu.sol
Joined March 2016
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Tensor was sitting at 0.5% market share in January 2023.
In <1 year, we're at 70%.
And this is all because we double downed on Solana, and we had the greatest community behind us ❤️
Here's to growing the pie in 2024 🚀
✅ - 60% Nov 22
✅ - 70% Nov 22
Never thought we'd reach this mark THIS QUICKLY but...
✅ 50% - Apr 27
We've reached escape velocity!!! 📈⚡️
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WE DID IT.
Solana just flipped ETH, and it's not even 2024.
You have no idea what this means to the entire
@tensor_hq
team ❤️
We were rejected by nearly every VC at the beginning of this year, and now we've shown them that there is something here after all.
LETS GO!!! 🚀⚛️⚡️
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2024 will be the year of Solana.
The biggest collab of history is about to go down.
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ETH:
- Pay $3 to approve collection
- Wait 30 seconds
- Pay $12 to accept bid
- Wait 30 seconds
- Pay $4 to withdraw bid balance
- Wait 30 seconds
SOL:
- Pay $0.0001 to accept bid
- Wait 1 second
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The
@googlecloud
partnership with
@solana
is actually MASSIVE. Here's why:
✅ Google becoming THE cloud provider for Solana dapps
✅ Node-as-a-service ➡️ massive cost savings
✅ Archival data as a service 🤯
A mini-🧵 from a Solana dev who's chewing glass atm
1/7 👇👇
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Imagine paying $90 for a 5 min uber ride in Amsterdam because there's a massive concert going on in Alabama.
That's ETH mainnet right now.
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Exactly 1 year ago (11/23/2022),
@_ilmoi
and I signed the paperwork for
@tensor_hq
to become an official company.
We had just launched our first contract, TensorSwap, but had 0% market share.
It's incredible to see how far we've come, with 69% market share today 🤯
We couldn't…
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Jito literally dropped $10K USD to people who staked as little as a couple of SOL.
The wealth transfer to the people is real.
Incredible.
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This is crazy.
BONK saved Solana on Christmas 2022.
BONK is saving the Solana Saga Phone on Christmas 2023.
Unlike other dog coins, BONK has been the savior of the most battle-tested high-throughout L1.
It’s not just a meme anymore. This is religion.
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The vision for Tensor in 2024 is to allow anyone to build a Tensor-sized platform.
We want to unlock a truly open and shared liquidity for all things NFT on Solana.
Let Tensor users become your users.
Bootstrap off of our liquidity.
Tensor will go from 6 devs to 1000 in 2024.
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Sad to see this happen: a pretty big hit to the Solana NFT community.
We were actually approached by teddies for the launch on Tensor, but our DD process didn't come back positive (massive kudos to the Tensor launchpad team on their research here!)
Stay safu and always DYOR!
teddies CEO stepping down within the week of minting 💀
you can’t make this up
grifters back in full force
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Let bygones be bygones.
We’ve all made mistakes in the past given the information we had.
What matters above all is growing the pie. Show the world what Solana NFT culture is.
Come home
@frankdegods
, Tensor’s door is open.
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Appreciate all the love ❤️
This is the best community in all of crypto.
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Points are a double edged sword.
They’ve gamified NFT trading, but clearly there are negative externalities surfacing.
All feedback from the community have been noted, and we’ll be pushing out some aggressive updates to eliminate the toxic farming.
Let’s bring back the fun 🤝
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Tensor just passed 10M SOL in all-time volume.
That's >$1bn dollars w/ today's price 🎉
Wow.
@tensor_hq
by the numbers:
🚀 10M SOL volume
🧑🎨 325K SOL royalties given back to creators
🙂 700K MAUs
💪 ~10 full-time contributors
Here's to our beloved users, Solana and 2024 🥂
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Tensor took Solana by storm in 2023.
Tensor will take all of crypto by storm in 2024.
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I just lost like $400 in gas + swap fees just trying to bridge usdc from SOL to ETH.
Wtf this bridging experience is horrendous.
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The plan. Is simple.
Flip Ethereum NFT volume in 3 months.
Impossible? That’s the same thing 9/10 VCs basically told us 3 months ago 🙂
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@brian_armstrong
Hey Brian, Solana already supports <1 second and <1 cent txs.
In fact,
@Shopify
already supports
@solana
Pay on nearly all stores today.
Totally get that Base is built to be more scalable in the EVM stack, but thoughts on growing the crypto pie and giving Solana some love? ❤️
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Hi
@JustinTrudeau
@cafreeland
: your regressive changes to cap gains inclusion will 100% push out what little remains of entrepreneurship in Canada.
I try hard to remain in Canada while running
@tensor_hq
, but this will be the straw that breaks the camel’s back.
The tech scene…
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4 hours of sleep, but feeling more awake than ever
Gmsorians 🫡
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March and April will be Solana's biggest months this year.
Calling it.
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I don’t think people yet understand the massive transformation for Tensor in 2024.
Tensor will go from a single dapp to a platform for 100s of dapps.
@saydialect
was the 1st to build on top of Tensor’s protocol.
Now we will make it 10x easier for anyone to build on top of…
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Tensorians and Mad Lads will be the most historic NFT partnership ever.
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Solana 🤝 Tensor
Thanks to everyone who believed in us in 2023.
We went from 0% market share to 70%, and it was all because of you ❤️
We were here at $8, and we will be here when we're at $1000 in 2024.
Onwards and upwards! 🚀
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@MKBHD
@aperphenia
@aeyakovenko
@rajgokal
@Austin_Federa
@tensor_hq
Let’s do it: we’ll create 20K pieces of it and airdrop it to the 20K Saga owners :)
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This is equivalent to the average 1 week salary in the Philippines
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When we plateaued at 1% market share,
@_ilmoi
and I had a deep convo about whether we should continue building Tensor or if we should pivot.
Getting to
#1
seemed impossible. But my gut told me that we had low double digit odds of flipping.
Then we hired
@KRTrades_
, and after 2…
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People are paying a 200% premium to get exposure to SOL in the equity markets.
A SOL ETF is inevitable.
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The only way for Solana to become
#1
is if all NFT protocols are permissionless.
Challenge to
@MagicEden
: remove your co-signing.
Let's grow the pie together, not fight for the scraps.
Hey
@MagicEden
, if you guys need an API key for Tensor listings, DM me.
Our SDK is also freely available and best of all: our program is fully permissionless :)
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I will convert 50% of my equity portfolio into COIN if
@brian_armstrong
will acknowledge that Solana already has <1 second & <1 cent tx, and work towards integrating SOL deeply into the Coinbase ecosystem.
Happy to concede that Base is one of the most promising L2s to scale ETH.
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I’m sorry but bridging between L1s/L2s is just not there yet, no matter what you say.
If I’m…
- paying $100+ to bridge USDC
- phoning a friend to get MATIC onto Polygon
- signing up for a CEX just to bridge w/ a new chain
No matter how many chains we build, we’ll never reach…
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Solana outage marks the beginning of the new bull market 📈
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We are now officially supported in Backpack!
List, delist, and or accept offers on Tensor directly inside the Backpack wallet.
🎒⚛️⚡️
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There's a lot of talk about NFTs being dead/boomer and the new thing is meme coins.
People don't understand that these things all follow a cycle.
NFTs are coming back. In full force and overwhelmingly on the retail chain of crypto (Solana).
I'll bet my money on this any day.
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If you're investing in the Solana ecosystem, you're investing in the prototypical garage startup crew that defined the early 2000s of Silicon Valley.
We've been FUDed. Hate raided. Ignored by VCs.
But we're scrappy, and we keep building even if we have 1/10th the devs + $$.
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Hey
@MagicEden
, if you guys need an API key for Tensor listings, DM me.
Our SDK is also freely available and best of all: our program is fully permissionless :)
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Entire Tensor team gets to go on a trip to the Bahamas if JUP hits $5.
You know what to do market 🫡
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Am I crazy to speculate that a SOL ETF will happen by end of 2024?
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This just blows my mind.
5 out of the top 10 by volume are Solana collections.
0 are from ETH.
The Lindy effect is BS.
Culture and community leads liquidity in NFTs.
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In the last NFT bull market on Solana, there were a lot of projects trashing on each other just to gain an incremental advantage in attention.
This bull market is different.
All of us still here have been through hell, and it's no longer about knife fights to maintain a piece…
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Consolidation in SOL means it’s NFT time
We’re ready 🫡
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"Why doesn't Tensor go cross-chain?"
Going cross-chain vs doubling down on a single chain is highly contextual.
Wallets? Yes 100% go cross-chain.
NFT trading? It depends on your vision.
The cross-chain world view sees NFTs as meme coins w/ JPEGs, and traders will want to…
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Reflecting: 6 months ago I...
- knew nothing about Solana or NFTs
- had 0 experience with real-time data pipelines
- didn't know
@_ilmoi
Since then we've built 2 product lines for
@tensor_hq
(TensorSwap & TensorTrade) and won 2nd & 3rd at 2
Solana hackathons.
How?
1/2
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Time flies.
Exactly 1 year ago we could barely scrape together a seed round, and it would not have been possible without our angels and community members who gave us our first checks ❤️
Here’s to many more years of Tensor!
1/6 We're extremely excited to announce our $3m seed round led by
@placeholdervc
, with participation from
@aeyakovenko
,
@rajgokal
,
@alliancedao
,
@SolanaVentures
,
@BigBrainVC
,
@HGESOL
,
@MonkeVentures
,
@ABCV3NTURES
,
@solBOOGLE
and many other amazing funds/angels.
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How in the world does any startup compete with a billion dollar company?
By working on Thanksgiving. By working on Christmas. By shipping when they turn off their screen at 5pm and be the first to the next meta.
Speed is THE advantage you have ⚡️
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Tensor will become the largest NFT developer ecosystem this year.
We’re working around the clock to improve our SDK, API, and docs for our big announcement.
Stay tuned 👀
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Want a job at Tensor? Show us something you built or made that's cool.
If you're an eng: show us an app/OSS tool you built.
If you do BD: show us a case study.
If you're an artist: show us something you made.
It's that easy! Don't waste time on cover letters.
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I used to think you had to be insanely smart to succeed in life.
The smartest kids in school got the best awards. The most praise from teachers. The most opportunities.
But I realized that none of that matters beyond a certain point.
What matters more is intrinsic drive and…
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From now on I will only tweet in emojis
⚛️🎒⚡️😱🚀🚀🚀🫡
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0 exaggeration: the only reason we could continue building
@tensor_hq
was b/c of our angels.
Many were Tensor users who decided to write us a check even though their own bags were down 95%.
It literally kept the lights on as we were out of hackathon money & had a big AWS bill.
9 out of 10 VCs told
@tensor_hq
to switch chains.
Impressive fortitude to stay the course.
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A new generation of blue chips are coming around.
Punks. Penguins. Tensorians.
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Now that SOL is >$100, this makes the ~1M SOL
@tensor_hq
has given away to date worth ~$100M.
Is this the most an NFT marketplace has given back to users... ever? 🤯
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Solana will outperform Ethereum in 2024.
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Only in web3 do you magically find $160 in your wallet overnight
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Tensor has no business if Solana NFTs remain small.
The next few months will be hardcore iteration with the top creators to discover the next metas for digital assets, the OPOS use cases.
If you’re a creator willing to experiment, reach out to us.
Tensor is Solana-aligned.
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Check your wallets, Tensorians :)
Crypto is too giving each day ❤️
$GECKO drop in my Tensorians wallet, just checked.
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If you’re paperhanding SOL because it went down 10-20% after a 400% run up, you’re in this space for the wrong reasons.
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Happy Friday: new Tensorians snapshot has been taken.
Here's to March being an even bigger airdrop month for Solano 🙂
Remember only staked Tensorians qualify.
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The reason why I'm bullish on Solana as an L1 is not just because it has fast + cheap txs.
It's because of culture.
The Solana NFT boom planted the seeds for the diehard Solana community that dominates CT attention.
Good L1s have tech, Great L1s have tech & culture.
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Mark my words, 2024 is the year when Solana NFTs flip ETH NFTs.
We will not stop until our mission is complete, command control.
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BOOOOOM!
The first WNS collection will trading on Tensor exclusively. Tomorrow.
Let's goooooooo 🚀
Elements Launch Tomorrow ✨
Elements - the first NFT collection ever minted on WNS
@wenwencoin
will launch tomorrow with trading exclusively available on
@tensor_hq
!
Read the thread below for important details 👇
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Wow 10k degens remotely care about my shitposting ❤️
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New Tensorians snapshot taken!
Feel free to airdrop to our beloved community :)
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Jesus guys this is nuts ❤️
Tensor's weekly active users TRIPLED in November.
Let's end the year strong!
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Tensor = 100K SOL
SOL = $68
Let's goooooooooo Tensorians 🔥
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Never take your community for granted.
Gm Tensorians ❤️
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👾 SURPRISE 👾
A snapshot has been taken of staked Tensorians.
Remember to keep your Tensorians staked so airdroppers can send you free stuff 🙂
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When
@tensor_hq
first started out, it was non-obvious that this beastly UX would ever work for NFTs.
"Who would ever look at TV charts for NFTs?"
"LULZ look at these guys doing TA on illiquid jpegs"
"Your UI is too complex, just go copy ebay"
The most outlandish ideas are the…
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The next generation of builders, artists & visionaries launch with Tensor Launchpad.
🚀
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Yes we copied adding a TradingView chart.
Yes we copied the idea of lootboxes from Blur.
But building a successful product is more than just blind copy-pasta.
Credit where due: MagicEden did more than just copy OpenSea, y'all innovated w/ the launchpad model.
Let's focus on…
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I have caved
I am now meme coin fomo-er
I am ready for max pain
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Imagine being early and backing
@tensor_hq
in the early days when we had 0.2% market share.
Yes we remember every single one of you ❤️
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Alright I feel like I can do this victory lap now.
LETS FOCKING GOOOOO SOLANA DEGENS!!!!!!
Solana to $1000
Bonk to $10 Billion
Gary Gensler to 0
Make it happen destiny.
This worked last time so let’s run it again.
300K SOL daily volume this week. Let’s get itttt 🔥🔥🔥
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Failure is good.
Not too many people understand this, but this is the engine that drives innovation.
The founders you should be paying attention to are not the ones that hit it big at their 1st go-around.
It's the founders that have tried, failed, and are trying again.
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