OpenSea has announced the launch of OpenSea Pro, a marketplace with advanced features aimed at the growing market of professional NFT traders.
Leading non-fungible token (NFT) marketplace OpenSea has unveiled , a marketplace offering advanced features to cater to the burgeoning market of professional NFT traders. The move comes as rival NFT marketplace Blur has experienced rapid growth since its launch.
OpenSea Pro is a rebrand of Gem v2, the latest iteration of Gem’s NFT aggregation platform. OpenSea acquired Gem in April 2022, with the intention of bringing professional trading tools to OpenSea users.
The new platform will operate with 0% fees and aggregate listings from 170 marketplaces to deliver the best deals for traders. It will support advanced “floor sweeping” for traders, instant sales, inventory management, gas fee optimization for efficient trades, a watchlist feature, and more. OpenSea Pro will also be available on mobile devices.
Devin Finzer, CEO of OpenSea, informed CoinDesk that Gem has assisted OpenSea in developing OpenSea Pro to become the most efficient NFT trading tool on the market.
Finzer shares:
“[Gem v1] is amazing, you know, it’s an incredible aggregator tool, but this is really a dramatic step up from it. It’s incredibly fast, incredibly real-time. It’s really the fastest user experience for purchasing NFTs.”
OpenSea and Blur have been competing for market share of NFT trading volume. Blur, a zero-fee platform, has seen rapid growth since its launch in October, prompting OpenSea to eliminate its required marketplace fees to attract Blur traders.
As OpenSea Pro launches, OpenSea is reinstating its marketplace fees on t
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Author: Vince Dioquino
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