OpenSea launches “OpenSea Pro” to rival blur
NFT News: OpenSea, one of the world’s leading NFT marketplaces, has announced the debut of OpenSea Pro, a dynamic NFT marketplace aggregator designed to meet the needs of advanced NFT collectors. The new offering is a rebranding of an existing product called Gem v2. In April 2022, OpenSea completed the acquisition of Gem with the intention of providing OpenSea users with access to Gem’s sophisticated trading tools.
OpenSea launches OpenSea Pro
OpenSea Pro will operate without charging any fees and will pull listings from 170 different markets to present dealers with the best possible deals. OpenSea Pro’s live cross-market data, which updates user and collection activity across all NFT marketplaces in near real-time, is one of the most prominent features of the software.
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Collectors are able to maintain a competitive edge and make well-informed buying and selling decisions as a result. In addition, it will allow improved “floor sweeping” for traders, various NFT collections, inventory management, the ability to optimize gas fees for efficient deals, a watchlist tool and a number of other features. In addition, it will be available via mobile devices.
While detailing the launch of the platform, the announcement further shared plans for a “Gemesis” NFT airdrop for early adopters. The OpenSea team was quoted as saying:
Starting later today, eligible users who purchased an NFT on Gem before March 31, 2023 will be able to claim a free Gemesis NFT through May 4, 2023.
OpenSea’s answer to rival blur
Since the debut of the Blur marketplace in October, the battle for market share of NFT trading volume between OpenSea and the zero-fee platform has been intense. As reported earlier on CoinGape, this had prompted OpenSea to cut creator fees to 0% to woo Blur traders. However, during the launch of OpenSea Pro, OpenSea announced that they would return the creator fees to the main platform at the previous rate of 2.5%.
Meanwhile, at this point, there have been no formal announcements regarding the launch of a native token. On the other hand, there have been rumors that the platform is looking at the possibility of issuing a token at a later date, similar to Blur’s BLUR token. In light of this NFT news, the price of Blur is currently changing hands at $0.57, representing a 4% drop in the last 24 hours.
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