OpenSea announces OpenSea Pro, a sophisticated marketplace designed to cater to the growing market of professional NFT traders and compete with rivals like free platform Blur.
OpenSea, a prominent NFT marketplace, has announced the introduction of OpenSea Pro, an advanced trading platform designed for professional NFT traders.
The move follows the rapid growth of competing free NFT marketplace Blur. OpenSea Pro is a rebranded version of Gem v2, an NFT aggregation platform acquired by OpenSea in April 2022 to provide users with professional trading tools.
Commission-free OpenSea Pro aggregates listings from 170 marketplaces to give traders the best deals. The platform supports advanced floor sweeps, instant sales, inventory management, gas rate optimization for efficient trading, watchlist functionality, and more. It will also be accessible from mobile devices.
OpenSea CEO Devin Finzer credits Gem’s technology for helping develop it. OpenSea Pro To be the most efficient NFT trading tool available. Finzer appreciated the platform’s speed and real-time capabilities that provide a quick user experience for NFT purchases.
OpenSea faces stiff competition from Blur, forcing the company to abolish creator fees to attract traders. With the launch of OpenSea Pro, the company is reintroducing its main platform creator fee to his 2.5%. Finzer emphasized that the proceeds from these fees will be reinvested into strengthening the NFT space.
While OpenSea Pro is being introduced amidst stiff competition from Blur, Finzer ensures that OpenSea will continue to prioritize retail traders and creators by focusing on partnerships, primary drops, and smart contract standards. increase.
The company aims to enable first-time users to explore and purchase NFTs while promoting NFT use cases. OpenSea expects users to graduate from the main his platform to a more professional experience with OpenSea Pro.