The biggest NFT market in the world, OpenSea, has announced the establishment of a new NFT market designed exclusively for experienced NFT traders. The brand-new market is simply called OpenSea Pro, but it will have a variety of cutting-edge features that are intended to appeal to the expanding community of professional NFT traders.
Many people believe that NFTs have so far stood the test of time because of how well-liked the collections are and how frequently they are used in metaverse initiatives. Due to the fact that professional NFT traders began participating more as a result, OpenSea’s competitor Blur has already experienced a large increase.
OpenSea Pro: What is it?
This new item is only Gem v2 with a different name. The most recent iteration of Gem’s NFT aggregation platform is this one. In April 2022, around one year prior, OpenSea was successful in acquiring Gem. It mentioned that it has intentions to use it to introduce expert trading tools for its own consumers. Expert traders will also be brought in thanks to this.
The new platform from OpenSea will gather listings from 170 marketplaces and have 0% costs. The site has made extraordinary efforts to give traders access to the greatest offers. In addition, it will feature enhanced « floor sweeping », inventory management, fast sales, gas cost optimizations, and more in order to facilitate effective transactions.
Additionally, the platform will include a watchlist function and be accessible on both mobile devices and the web.
Against Blur, OpenSea will prevail
Devin Finzer, the CEO of OpenSea, remarked on the latest development and said that Gem has been a tremendous assistance in developing and releasing OpenSea Pro. With the help of its technology, OpenSeaPro will surpass all other trading tools now on the market in terms of efficiency. He said:
“Gem v1 is amazing, you know, it’s an incredible aggregator tool, but this is really a dramatic step up from it. It’s incredibly fast and incredibly real-time. It’s really the fastest user experience for purchasing NFTs,”
As previously indicated, OpenSea is attempting to keep up with Blur, which has grown quickly since the opening of its market in October 2022. Due to Blur’s lack of costs, OpenSea was compelled to eliminate its own mandatory marketplace fees in order to match the deal made by the rival.
With the introduction of OpenSea Pro, the business will return the marketplace fees on the primary platform to 2.5%. Finzer clarified that the money will instead be put toward strengthening the area. OpenSea, he continued, would continue to put its primary attention into giving its retail traders and NFT producers new tools and enhancements. The platform will look for new collaborations, new smart contract standards, and main drops as part of this.
