OpenSea Debuts OpenSea Pro: All You Need to Know
- OpenSea has debuted a new advanced and efficient NFT marketplace aggregator called OpenSea Pro, which was earlier titled Gem v2.
- This announcement is a result of the acquisition of NFT marketplace aggregator Gem by the NFT marketplace last year in April, amid the crypto bear market.
- The platform is capable of providing “the best deals and insights across 170 marketplaces and accessing sophisticated tools that meet their need for automation.”
- New features like “Advanced Orders” will allow users to sweep across the deepest liquidity of any NFT marketplace aggregator.
OpenSea, which has the most users and transactions of any non-fungible token marketplace, has just announced the launch of a new product. This comes at a time when trading volume is falling and the crypto market is looking bad. It is crucial to note that the new advanced NFT marketplace aggregator that the marketplace has been working on for quite some time has been named OpenSea Pro and is aimed at serving the professional traders and collectors of NFTs.
According to an announcement from OpenSea, the NFT marketplace stated that the launch of OpenSea Pro follows the acquisition of Gem in April last year. Gem is a leading NFT marketplace aggregator that was bought by the marketplace so that it could “accelerate their product vision and roadmap with more resources.”
“Over the past several months, the Gem team has been working tirelessly to build and refine the platform to its new form: Gem v2. And today, we’re officially joining forces to unveil OpenSea Pro (previously known as Gem v2)—the fastest and most powerful NFT marketplace aggregator available,” said the NFT marketplace in the announcement.
It is crucial to note here that OpenSea Pro is capable of providing “the best deals and insights across 170 marketplaces, and access to sophisticated tools that meet their need for automation.” The aggregator has been created via previous Gem designs and works at an efficient and advanced level.
Several new features have been introduced with OpenSea Pro, including “Advanced Orders,” a feature that would allow users to sweep across the deepest liquidity of any NFT marketplace aggregator, giving users more control over their purchases, (trait) collection offers, and listings. Users can also place setting orders based on maximum item price, item amount, traits, and more.
“We aggregate every type of offer on your items from marketplaces across the space, allowing you to sell them for the best prices available (including Collection Offers, Bids, NFT pools, and more),” said the marketplace while explaining another feature called Instant Sale.
Another important aspect to note here is that OpenSea Pro has been optimized for phones as well, making it easier for users to access it and browse, sweep, and list straight from their devices.
On the other hand, the gas fees used by the platform have been described as the most efficient with the help of the most gas-optimized smart contracts of any NFT aggregator.
As reported earlier by BitcoinWisdom, OpenSea announced that it would partner with Warner Music Group allowing several WMG artists to expand their fan bases into the Web3 space.
This news came after the NFT marketplace received a cease and desist letter from the Recording Industry Association of America (RIAA) for its sale of music-themed Ethereum Name Service domains.