OpenSea has created a platform that caters to advanced collectors in order to remain competitive among new market players.
OpenSea Pro is a software that aims to offer a comprehensive solution for the management of your seawater. “new level of optionality, selection and control for pro collectors,” According to an announcement made by the company on Tuesday.
This acquisition follows Gem’s purchase of NFT Marketplace Aggregator in April, last year.
“Over the past several months, the Gem team has been working tirelessly to build and refine the platform to its new form: Gem v2,” The team behind OpenSea has written. “Today, we’re officially joining forces to unveil OpenSea Pro.”
The live data cross-marketplace function is one of the most important features that the platform offers. It allows the collector to monitor the user activity and the collection across multiple NFT trading platforms.
To mark the release of OpenSea Pro, Gem is thanking its early supporters with the ‘Gemesis’ NFT drop. Gemesis NFTs are available to eligible users that purchased NFTs on the platform prior to March 31, 2023. The incentive is similar in nature as one offered by Blur, Gem’s biggest competitor, earlier this year.
OS Pro, according to an announcement, also features improvements in user controls, NFT characteristics, collection listings, offers, gas fees, and mobile functionality.
OpenSea is catering to the professional NFT collectors following Blur’s rapid ascent up the leaderboards. The latter has been surpassed in daily trade volume by OpenSea through incentives that are designed to attract new users.
The attention it has brought to the NFT industry is proof that despite the fact that much of the volume was allegedly fake.
OS Pro will also compete against Blur and other NFT aggregators. OpenSea had been a single place for NFTs to be bought and sold for quite some time.
Still, only a few centralized marketplaces will emerge as winners since the majority of users — mostly traders or bots — do not require numerous platforms, Andrii Yasinetsky, CEO of NFT data firm Mnemonic, told Blockworks.
“OS Pro offers a more equitable system by leveraging the existing scale of OpenSea, resulting in a simplified and more efficient trading-focused user experience, whereas Blur appears to be solely based on speculation,” “He said”
“I am less excited about speculation and more excited about figuring out how to bring retail consumers into Web3,” Yasinetsky is added. “None of these platforms helps with that in my view.”
DappRadar says that OpenSea, which has a market share of over 50% and triple the traders than Blur during the past thirty days.
Unioverse’s CTO Wyeth Ridgway says that the company is able to take advantage of its size to invest in tech.
“If you look at OpenSea versus every other marketplace out there, it is the equivalent of looking at Amazon and every mom-and-pop shop out there,” Ridgway informed Blockworks.
“The degree by which they are technologically way out in front of everybody may not be really apparent from a consumer level, but the technologies that they have, the staff they have, the problems they are solving, are light years beyond what any of these other platforms are doing,” “He said”
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