OpenSea Acquires NFT Gem Aggregator, This Is The Goal!

JAKARTA – The OpenSea NFT trading platform is reported to have succeeded in buying NFT aggregator Gem. This was announced by OpenSea in a Twitter post last Monday. However, the company did not disclose the purchase price of Gems to the public.

Dilansi from Cointelegraphah, OpenSea CEO Devin Finzer stated that the company made this move to improve the experience of more experienced “pro” users.

Gems allow merchants to purchase NFT across multiple collections and multiple markets in one transaction saving on transaction fees or gas fees. For now, OpenSea is adding popular Gem features such as a sweeping tool, its collection base price, and rarity-based ranking to its platform.

Gem will continue to operate independently of OpenSea as a standalone product, but OpenSea intends to continue to integrate more Gem features into the NFT market in the future.

On the other hand, Twitter users criticized OpenSea's latest move. Amid several hacks and phishing scandals, collectors like @BandoNFT said he would prefer OpenSea to invest in "improved communications and customer service."