The Non-Fungible Tokens (NFTs) business has grown to become a crypto sector valued at $2.1 billion, and OpenSea has played an important role in the expansion of its use around the world.
OpenSea was established in 2017 and has already facilitated more than $20 billion in NFT volumes from over 2 million collections.
In addition, the NFT marketplace has the support of some of the most prominent investors in the business world, such as Andreessen Horowitz, Coinbase ventures, Trust Wallet, Pascal Capital, and Blockchain Capital name just a few.
OpenSea has not ceased its efforts to establish an infrastructure that would allow NFT collectors and content creators to trade their digital collectibles easily and seamlessly.
In addition, non-traditional financial asset marketplaces are plagued by intense levels of rivalry, one example of which is the Gemini exchange-backed Nifty Gateway.
OpenSea Pro Debuts
Since the global breakout of the Covid-19 virus, the OpenSea team, which Devin Finzer and Alex Atallah founded, has been continually developing new technologies in order to keep one step ahead of the competition.
At the beginning of the previous year, OpenSea made the announcement that it had acquired Gem, a prominent NFT marketplace aggregator.
The OpenSea team has pledged not to impede Gem’s independent development. Still, it will facilitate the incorporation of essential features to make NFT trading as easy as possible.
One year later, the OpenSea team announced the launch of OpenSea Pro with the assistance of Gem version 2.
In addition, the OpenSea Pro through Gem v2 will assist digital art collectors in locating the greatest offers in over 170 marketplaces. (1)
“Over the course of the past few months, the Gem group has been working relentlessly to construct and improve the platform into its new form, which we refer to as Gem v2.”
The business added, “And today, we’re formally joining forces to announce OpenSea Pro (formerly Gem v2) – the quickest and most efficient NFT marketplace aggregator available.”
Notably, OpenSea Pro is tailored for mobile users and gives traders access to the most gas-efficient smart contracts of any NFT aggregator.
In order to commemorate the release of OpenSea Pro, the Gem team has made the Gemesis NFTs drop available to players who meet the necessary requirements.
Through May 4, 2023, OpenSea qualifying users who purchased an NFT on Gem before March 31, 2023, are eligible to claim a complimentary Gemesis NFT.
Digital art lovers can list their non-fungible tokens (NFTs) on OpenSea using the OpenSea Pro platform at no cost during the campaign time.
In addition, OpenSea Pro enables traders to conduct transactions with non-fungible tokens in a quick and cost-effective manner by monitoring the market for the best rates and bids currently available.
On a Side Note
OpenSea has successfully completed multiple investment rounds, with the most recent one valuing the business at $13.3 billion. The company is backed by notable businesspeople such as Mark Cuban.
OpenSea, which is compatible with both Android and iOS, has been selected as the best NFT marketplace in terms of design and security.
To facilitate the widespread acceptance of non-fungible tokens, the OpenSea ecosystem has, most notably, integrated the Ethereum network as well as its several interoperable standards, such as ERC-721 and ERC-1155.