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OpenSea Flexes its Might with Gem Acquisition

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NFT giant OpenSea has once again flexed its significant power within the industry, recently acquiring high-flying NFT aggregation platform, Gem.

Through its procurement OpenSea will look to incorporate some of Gem’s groundbreaking features into its platform, including the ability to purchase multiple NFTs from a range of platforms in a single transaction, as well as some of its incredible analytical tools and rarity-based ranking system.

While announcing the news, OpenSea made its first mention of a ‘Pro’ experience. A signal that commentators are widely interpreting as an upcoming additional tier of membership. Therefore, giving those willing to ‘pony up’ access to a wider suite of trading tools.

At OpenSea, our mission is to bring the power and potential of NFTs to more people around the world. As the NFT community grows, we’ve recognized a need to better serve more experienced, “pro” users, and offer more flexibility and choice to people at every level of experience,” stated the OpenSea team.

Following the acquisition, Gem will continue to operate as an independent entity, and maintain the steady pace of its roadmap. The only difference being that it now has an incredible amount of funds supporting it, and that certain developed features will find their way onto the OpenSea platform.

Read the full announcement >> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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Mila doesn’t only cover Blockchain and crypto, but she does focus the bulk of her writing efforts on this emerging technology and how it is impacting not just US markets, but global markets too. From the British Virgin Islands to China, her reporting leaves no global crypto stone unturned. Her tenacity and candid opinions on the impacts of crypto and Blockchain have made her a leading voice in the industry and a top source of truth to the curious masses.

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