NFT

OpenSea Rebrands NFT Aggregator Gem to OpenSea Pro

Along with the rebrand are a variety of updates, including NFTs as a reward for ‘spyglass’ holders and 0 percent fees for a promotional period — while the main site returns to its standard 2.5 percent fee structure.

NFT

OpenSea Rebrands NFT Aggregator Gem to OpenSea Pro

Along with the rebrand are a variety of updates, including NFTs as a reward for ‘spyglass’ holders and 0 percent fees for a promotional period — while the main site returns to its standard 2.5 percent fee structure.

OpenSea has announced the rebranding and “polishing” of its NFT aggregator Gem V2 as ‘OpenSea Pro,’ which it says is the fastest and most powerful NFT marketplace aggregator currently available.

The platform offers a massive level of optionality, selection, and control for pro collectors and has been upgraded from Gem’s previous designs to provide a larger and more reliable suite of features to help collectors discover the best deals across 170  different NFT marketplaces.

Additionally, OpenSea Pro offers a variety of automation and analysis tools including live cross-marketplace data, allowing users to monitor user and collection activity across NFT marketplaces in real time. The platform also boasts advanced order capabilities, giving users more control over their purchases, trait collection offers, and listings — users can set orders based on maximum item price, item amount, traits, and more.

Pro also offers powerful inventory management, instant sales, optimized gas fees, and mobile compatibility. New features like its watchlist, live mints overview, batch transfer, and more have also been added to enhance user experience.

While OpenSea was built to serve a wide range of users, including super fans, avid collectors, and crypto newcomers, OpenSea Pro primarily targets the power user community or in other words, the pros. Considering this wide range of needs, OpenSea Pro will cater to a distinct user group, through tailored interfaces, features, and fee structures.

To kick things off, and only for a limited time, Pro will be offering 0 percent fees, while the promotional period on the standard OpenSea marketplace will soon return to its original structure of 2.5 percent.

In addition to the promotional fee discount, OpenSea Pro will also be launching a free-to-claim “Gemesis” NFT that will be obtainable up until May 4, 2023. Those eligible to claim the token include early adopters of Gem who purchased an NFT on Gem before March 31 of 2023.

While Pro is certainly a very capable platform, with several traders stating they prefer it over Blur — a large majority of OpenSea users in the comments of the announcement asked and even demanded the platform release a reward token for past activity.

While no official response has been made by OpenSea in response to these comments, it can be assumed that until regulatory certainty and confidence have been established, the platform will not risk the chance of issuing what could be considered an unauthorized security.

This is something that Blur may have also been concerned with considering it asked users to tick a box stating they were not a “US Person,” which many U.S. residents openly admitted on Twitter to ticking regardless, as they weren’t going to miss out on their rewards due to a last-minute change.

In other news, Ralph Lauren launches crypto and NFT integrations with BitPay and Poolsuite.

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