NFT Aggregator From OpenSea Is ‘Polished’ And Zero-Fee
OpenSea’s new product is Gem v2, which was already on the market.
After fierce competition from rival Blur for the top spot, NFT giant OpenSea announced a new aggregator platform with “deepest liquidity and fastest speeds” and “zero fees for a promotional period.”
The marketplace, now called “OpenSea Pro,” used to be called “Gem,” but OpenSea bought it last April. This is an attempt to reach out to pro-traders, a group that Blur is known to appeal to.
OpenSea Pro
According to the official announcement, OpenSea Pro will give professional collectors a new level of choice, control, and flexibility. The company said that the “polished” marketplace will have a much better set of features that will help collectors find the “best deals and insights” across 170 marketplaces. Collectors will also have access to high-tech tools that help them automate their work.
The “pro” version offers “live cross-marketplace data” and advanced orders, as well as powerful inventory management, instant sales, and the most optimized gas fees. Other new features have also been added, such as a watchlist, an overview of live mints, batch transfer, etc.
“We built OpenSea to serve a range of users – super fans, avid collectors, and crypto n00bs alike. OpenSea Pro, on the other hand, exists primarily to serve the power user community, who represent an important part of today’s ecosystem.”
In order to do this, OpenSea Pro said it would focus on making its user interfaces, features, and fee structures fit the needs of different users. Mobile devices will be able to get to the new market.
The Blur Risk
Since the boom in 2021, OpenSea has been the best place for both creators and traders to buy and sell NFTs. But Blur, a new competitor, put OpenSeal’s historical dominance to the test and forced the company to add new features to stay on top.
Blur’s popularity has grown steadily since it started last year. The new marketplace helped NFT sales a lot in the first three months of the year. But the number of people using the platform went through the roof after its token launch on February 14. This helped Blur become a real contender for the top spot in the NFT market. In February, it even had more NFT trades on Ethereum than OpenSea.
OpenSea, on the other hand, got rid of its 2.5% fee on sales and for a short time cut back on creators’ rights to royalties.
