Gem V2 Rebrands to OpenSea Pro

NFT aggregator Gem V2 has rebranded to OpenSea Pro, per an announcement from @openseapro.

🔙 Back It Up

OpenSea acquired Gem.xyz in April 2022, and Gem V2 is the newest version of Gem.xyz's NFT aggregation platform.

❗ Why It Matters

The rollout of OpenSea Pro is the latest escalation in OpenSea's war with Blur. OpenSea always had designs on integrating components of Gem.xyz's platform, and now it's brought over more professional trading tools and advanced features to lure the professional traders that have favored Blur's marketplace.

Additionally, OpenSea is quietly turning the 2.5% fee back on, whereas the fee will be 0% on OpenSea Pro for a limited time.

The Deets

Zero OpenSea marketplace fees
- You can list on OpenSea with 0% fees through OpenSea Pro (which has no additional fees) for a promotional period – and fees on OpenSea will return to the standard 2.5%.
Pulls listings from 170+ NFT marketplaces
- OpenSea Pro aggregates 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).
More gas-optimized smart contracts to save on transaction costs
More control over purchases, (trait) collection offers, and listings. Set orders based on maximum item price, item amount, traits, and more
More advanced inventory management. Ability to buy, sell, and manage items across marketplaces, while tracking analytics at the wallet, collection, and item-level
Faster real-time activity updates
Fully mobile-enabled
Other new features including Watchlist, Live Mints Overview, Batch Transfer, and more

🎤 Community Quotes

Gem has been rebranded as “Opensea Pro”

Clearly @opensea is positioning itself to capture the volume of pro traders.

Which begs the question:

Wen token airdrop? pic.twitter.com/SkEiYnPvs3
— homie.eth (@homieeth_) April 4, 2023

🕳️ Go Deeper

Author Bio

Julian Son

NFT analyst

Started out sweating Top Shot queues in Feb 2021. Hoarded Koalas after seeing Gary V bought the #1 rarity Koala, then got rugged hard. Now living next to an underpass in Venice Beach. Loves most sports, except cricket. Hates snakes, SBF, and the IRS.

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