The purpose of OpenSea is to introduce the power and ability of NFTs to more people across the world. As the NFT community expands, they’ve identified the need to serve the best, more knowledgeable, “pro” users while also providing more choice and flexibility to individuals at all experience levels.
OpenSea has procured Gem, the top NFT marketplace aggregator, to plan for the future of the pro community.
Gem has created an incredible product with the most advanced feature set for professional users, practically overnight growing in community outreach and enthusiasm. Gem allows you to buy NFTs from numerous marketplaces in a solitary, low-cost transfer of funds and is known for its simple collection ground sweeping and rarity-based selection ranking.
Gem will gain resources due to the acquisition, allowing them to speed up its product roadmap and vision. It will also enable them to benefit from Gem’s knowledge and instinct about the advanced NFT community – and try to get the best of Gem’s characteristics to OpenSea.
Gem’s mission is to provide best-in-class aggregation, resulting in the best prices, most NFT supply, and most complete data in the market – beginning with the Ethereum blockchain.
Gem is a unified platform that connects to various NFT marketplaces, such as OpenSea, LooksRare, and Rarible. It allows users to buy assets from any in a single transaction, adding up to potentially significant fee savings. Gem also includes rarity rankings for NFT collections, such as traits in profile picture collections. DappRadar, an analytics platform, reported earlier this month that Gem was processing roughly ten times the number of transactions and total trading volume as Genie.
Following its acquisition, Gem will continue to function as a separate brand and product from OpenSea. The Gem users understand that love will not change, and they will gradually bring key Gem characteristics to OpenSea to make buying NFTs smooth and enjoyable for all experience levels.
They are enthusiastic about putting money in Gem’s roadmap and, in the end, welcoming more people into the globe of NFTs.
That being said, it’s critical for the OpenSea community to understand that when they make a big judgment like the one announced today, they thoroughly consider all different facets of it. They value the folks with whom they form alliances just as much as the good or service and its consumers.
They discovered and instantly made public some deeply troubling allegations during their investigation against a now-former member of Gem’s leadership team who went by the alias Neso. Following an investigation into the allegations, the employee was immediately terminated before the close of this transaction. This person has never been and will never be associated with OpenSea.
OpeaSea is eager to learn from and collaborate with the Gem team to improve the purchasing, minting, and selling of NFTs for all levels of expertise.