Solana-based NFT trading platform Tensor said Tuesday it will issue a token, $TNSR, whose holders will govern the protocol.

Since December a spate of crypto finance projects in the Solana blockchain ecosystem have released tokens in attempts to "decentralize" their governance. Holders of these tokens get to vote on the directions of their protocols. Oftentimes those who have used the protocol heavily – by, say, trading hundreds of NFTS – get bigger allocations of the token.

In a post on X (formerly Twitter) the Tensor Foundation said more details about the token's release will come "soon." It did not state whether there would be an airdrop.

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European Parliament approves new sanctions laws that also apply to crypto.
EU sanctions legislation also applies to crypto service providers and may involve the freezing of assets, including cryptocurrencies.
These laws aim to ensure uniform application of sanctions rules across the 27 EU member states.
Parliamentarians voted 543 times in favor of these new rules, 45 times against and 27 times abstaining.
These new rules were adopted following Russia's invasion of Ukraine but apply to a wide range of financial services, including the provision of "crypto-assets and wallets".
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