NFT marketplace OpenSea has launched OpenSea Pro, its new non-fungible token (NFT) marketplace aggregator designed to meet the needs of professional users. OpenSea acquired NFT aggregator Gem in April 2022, enabling it to develop and refine Gem's platform to create the new OpenSea Pro.
According to the announcement, OpenSea Pro is designed to provide professional collectors with a new level of optionality, choice and control. The platform plans to offer an improved set of features that will enable collectors to discover the best deals and insights across 170 markets, and access sophisticated tools for their automation needs. Additionally, OpenSea Pro has introduced an “advanced order book” feature that allows users to “swipe through the deepest liquidity of any NFT market aggregator,” giving users more control over their purchases. OpenSea Pro is also compatible and optimized for mobile devices, allowing users to browse, scan and list from their mobile phones.
The platform shared that users can get listed on OpenSea with 0% fee and no additional cost through OpenSea Pro during the promotional period. To express our gratitude to Gem early adopters, the Gem team is offering a special "thank you" in the form of a Gemesis NFT drop to coincide with the release of OpenSea Pro. Eligible users who purchased an NFT on Gem before March 31 can claim a free Gemesis NFT until May 4. In 2022, OpenSea acquired Gem for an undisclosed sum to improve the experience for its experienced "professional" users. Gem enables traders to buy NFTs across multiple collections and multiple marketplaces in a single transaction, reducing gas fees.
In February, OpenSea implemented a strategy to win back its NFT user base, which had been recaptured by rival NFT marketplace Blur. Blur beats OpenSea in daily Ether. Trading volume as users seek out trading platforms that favor their NFT investments. To combat this, OpenSea implemented a 0% fee policy to lure users back to its platform.
