In conjunction with the release, the standard 2.5% marketplace cost will be reinstated on the core OpenSea platform, with no fees for Pro users.
OpenSea, the largest NFT marketplace, announced on Tuesday the launch of OpenSea Pro, a more complex NFT marketplace designed for the increasing community of professional NFT traders who have contributed to Blur’s success from its inception.
The new product is simply a rebranding of Gem’s NFT aggregation platform, which is currently at version 2. In April of 2022, OpenSea purchased Gem, allowing its users access to Gem’s high-end trading tools.
OpenSea Pro will provide the greatest discounts for dealers by aggregating listings from 170 different markets. Trading “floor sweeping” will be taken to a whole new level, with features like instantaneous transactions, inventory management, gas cost optimization, a watchlist, and more. It can be accessed via mobile devices as well.
OpenSea CEO Devin Finzer told CoinDesk that Gem was instrumental in the development of OpenSea Pro, the industry standard for trading NFTs.
Finzer remarked, “This is a significant step up over [Gem v1], which is a terrific aggregation tool in its own right.” “Everything happens in real time and at a breakneck pace. It’s the quickest method currently available for buying NFTs online.”
Blur vs. OpenSea
OpenSea and the zero-fee platform Blur have been locked in a fierce competition to gain market share in the NFT trading space since the marketplace’s introduction in October. As a result, in an effort to entice Additional traders, OpenSea has eliminated its marketplace fees entirely.
Upon the launch of OpenSea Pro, OpenSea announced that the marketplace fees would return to the standard 2.5% on the main platform.
The money we make from fees, said Finzer, “will be invested into making the space stronger in the future.”
The timing of OpenSea’s release of OpenSea Pro is interesting, given the intense competition between Blur and OpenSea for market dominance. Finzer, however, assured that OpenSea would continue to put an emphasis on partnerships, primary drops, and smart contract standards as tools for retail traders and creators.
According to Finzer, “We’re investing in really exciting features that make it easier for people to explore and purchase their first NFT and then really push the use cases forward for NFTs,” said Finzer. Folks can come to OpenSea and graduate to a professional experience.”
Content Source: coindesk.com