OpenSea Expands its Horizons by Acquiring Gem, an NFT Aggregator, to Enhance User Experience
OpenSea, the leading marketplace for NFTs, has acquired acquired Gem, which is recognized as a top-tier NFT aggregation service.
By acquiring Gem, OpenSea aims to better cater to more sophisticated users or 'pros' by providing them with greater flexibility and options. This move is part of a strategy to draw a wider range of individuals into their marketplace and to stimulate interest in NFTs among newcomers.
Gem utilizes advanced machine learning to distill important insights from data. An NFT aggregator like Gem gathers transaction data from various blockchain networks and presents it in a unified format. This functionality greatly enhances trading efficiency and provides a better overall trading experience.
Users of the platform can enjoy savings on gas fees of up to 42% compared to making purchases directly on OpenSea or other marketplaces. Additionally, it enables the purchase of multiple NFTs simultaneously from different platforms.
Gem will continue to operate independently from the main NFT marketplace; however, OpenSea plans to integrate elements of Gem's offerings to streamline the trading process for both seasoned traders and those just venturing into the Web3 ecosystem.
This merger opens opportunities for Gem to further innovate and develop its offerings while allowing OpenSea to leverage Gem's cutting-edge technologies.
This announcement coincided with Coinbase's recent launch of its beta NFT marketplace, which positions it as a formidable competitor to OpenSea. The 'Coinbase NFT' platform is centered on making NFTs available to all users and prioritizing user-friendly experiences, a goal that OpenSea is now chasing as well.
Unfortunately, this brings some disappointing news for those anticipating a token airdrop. There are speculations that rival marketplace aggregators might introduce their own token, spurred by a tweet from the founder shortly after the news broke. genie.xyz In-depth Analysis of NFT Marketplaces Operating on Ethereum
Read related posts:
- Coinbase's NFT Marketplace is Live: Can It Outshine OpenSea?
- Solana's NFT Project 'Okay Bears' Sets New Records, Claiming the Top Spot on OpenSea
- Stay informed about cryptocurrency distributions through our
. Please remember that the information presented on this page should not be seen as legal, tax, investment, financial, or any other form of advice. It’s crucial to invest only what you can afford to lose and to seek independent financial guidance if you have any uncertainties. For more details, we recommend checking the terms and conditions as well as the support resources provided by the issuer or advertiser. MetaversePost is dedicated to providing accurate and fair reporting, but please be aware that market conditions can fluctuate without warning. Airdrops Calendar .
Disclaimer
In line with the Trust Project guidelines Agne is a dedicated journalist focusing on emerging trends and news in metaverse, AI, and Web3 sectors for the Metaverse Post. With a strong passion for storytelling, she engages in numerous interviews with industry experts, consistently aiming to reveal captivating and thought-provoking narratives. Agne holds a bachelor's degree in literature and has a diverse writing background encompassing travel, art, and cultural topics. Additionally, she has volunteered as an editor for an animal rights organization, raising awareness about animal welfare issues. Feel free to connect with her at