OpenSea Advanced NFT Marketplace Launch Fails To Impress

CryptoMode OpenSea Pro

In an effort to regain users from its emerging nonfungible token (NFT) marketplace competitor Blur, OpenSea rebranded Gem v2 as OpenSea Pro, sparking mixed reactions among the community members. 

On April 4, the platform launched OpenSea Pro, an advanced NFT marketplace aggregator, which introduced new features and tools and offered users 0% fees for listing on OpenSea for a limited time.

Many individuals voiced their enthusiasm for the new platform on Twitter, with one user praising OpenSea for enhancing user experiences within the NFT space. Another expressed their continued support for Gem as an NFT aggregation platform and appreciated OpenSea’s service prioritization.

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Despite the positive feedback, some community members expressed their dissatisfaction with OpenSea’s latest move. One user claimed that the NFT marketplace had “completely failed to rock the boat,” while Samit Max Patel argued that the platform seemed more focused on trading tools than art and artists.

OpenSea and Blur’s rivalry has made community members eager to see where the NFT marketplace wars will lead. Some users took to Twitter to inquire about Blur’s next steps, while NFT strategist Hunter Solaire suggested that the competition would further improve the space.

OpenSea acquired Gem in April 2022 to cater to more seasoned NFT collectors and enhance their experience. 

The platform allowed traders to purchase NFTs across multiple marketplaces and collections in a single transaction, reducing the gas fees

Some see the rebranding of Gem v2 to OpenSea Pro as another response to the growth of rival NFT marketplace Blur. That platform surpassed OpenSea’s daily Ether trading volume on February 18. 

OpenSea has also implemented strategies such as lowering platform fees and increasing creator earnings to regain users lost to Blur.

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