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Marketplace Aggregator Gem V2 is now OpenSea Pro!
NFT marketplace OpenSea has unveiled OpenSea Pro, the new NFT (nonfungible token) marketplace aggregator aimed at serving the needs of professional users. Therefore, OpenSea’s acquisition of the NFT aggregator Gem in April 2022 made it possible to develop and refine Gem’s platform to create the new OpenSea Pro.
OpenSea Pro – A new frontier for professional NFT collectors
according to announcement, OpenSea Pro seeks to offer a new level of choice, selection and control for professional collectors. Moreover, the platform plans to offer a suite of enhanced features that allow collectors to discover the best deals and insights across 170 marketplaces and access sophisticated tools that meet their automation needs.
In addition, OpenSea Pro has introduced an “advanced order” feature that allows users to “swipe the deepest liquidity of any NFT marketplace aggregator”, giving users more control over their purchases. OpenSea Pro is also mobile compatible and optimized for mobile devices, allowing users to browse, swipe and list from their phones.
OpenSea Pro’s Incentives and the Impact of the Gem Acquisition
The platform shared that users can list on OpenSea with 0% fees through Pro for a promotional period, with no additional fees. Also, to express gratitude to Gem’s early adopters, the Gem team is giving Gemesis NFT drop. Eligible users who purchased an NFT on Gem before March 31st can claim a free Gemesis NFT until May 4th.
In 2022, OpenSea acquired Gem for an undisclosed amount to improve the experience of its more experienced “pro” users. Gem enabled traders to buy NFTs across different pools and multiple marketplaces in a single transaction, reducing gas fees.
OpenSea’s strategy to regain market dominance and secure user base
In February, OpenSea implemented a strategy to win back the NFT user base. It had lost it to rival NFT marketplace Blur. Blur had surpassed OpenSea in daily Ether (ETH) trading volume as users sought a trading platform that favored their NFT investments. To counter this, OpenSea implemented a 0% fee policy to attract users back to the platform.
The future of NFT marketplaces
The company aims to regain its position as a leading NFT marketplace by catering to the needs of professional collectors. By offering advanced features and a mobile-optimized experience, OpenSea Pro is poised to attract a significant user base. The 0% promotional fee policy and Gemesis’ NFT reduction act as additional incentives. It will attract them to explore the new platform. As OpenSea continues to innovate and improve its offerings, the NFT market landscape will undoubtedly evolve with it.
