3 mins readGem V2 (in the past gem.xyz), the NFT marketplace aggregator that OpenSea bought in April 2022, is rebranded and upgraded to OpenSea Pro. The site was created for professional NFT collectors to engage in high-frequency trading with no costs at this time.
We will examine the features of OpenSea Pro, its benefits, and any potential problems in this journal post.
Introducing OpenSea Pro
The Features of OpenSea Pro
- OpenSea Pro offers the quickest collection updates, most efficient gas fees, and cutting-edge analytics, enabling users to buy, sell, and sweep from over 170 NFT marketplaces.
- The platform provides expert trading capabilities for experienced NFT traders, including reduced gas costs, real-time marketplace data, and strong inventory management features for buying and listing items in large quantities.
- Users can avoid potentially harmful third-party websites or contracts by using OpenSea Pro's ability to mint items. Users can explore, sweep, and list using their phones using OpenSea Pro because it is mobile-compatible and tailored for mobile devices.
- OpenSea Pro also provides Gemesis as a way of saying "thank you" to the Gem community.
Trending collections by https://pro.opensea.io/
The Advantages of Using OpenSea Pro
The most potent NFT aggregator in the crypto realm is said to be OpenSea Pro. For seasoned NFT collectors, the platform provides a new degree of flexibility, control, and choice.
- OpenSea Pro has a wide selection of NFT collectibles.
- OpenSea Pro provides sophisticated inventory management tools, realtime cross-marketplace data, and optimal gas fees for professional traders. Users can avoid potentially harmful third-party websites or contracts by minting things using OpenSea Pro.
- Users can explore, sweep, and list using their phones using OpenSea Pro because it is mobile-compatible and tailored for mobile devices.
- OpenSea Pro also offers Gemesis, a thank-you to Gem community members, as a commemoration of their journey.
The Potential Drawbacks of OpenSea Pro
- OpenSea Pro will eventually resume a 2.5% transaction fee, which is the standard commission rate for NFT transactions on OpenSea.
- Since OpenSea Pro is still in its infancy, it might take some time before it establishes a reputation and community comparable to those of Gem.
The Founders of Gem.xyz NFT Marketplace
We do not find explicit information about the founders of Gem NFT Marketplace. The company removed a core developer after the sexual-related crimes in 2020.
The developer, only known as Neso to Gem's workers, was also one of the company's key stockholders. Later, it was discovered that this person was Josh Thompson, a Twitch streamer who had previously used the alias "MethodJosh".
In the year 2020, many victims accused him of many sexual crimes. The company responded on Discord that they were unaware of any of these allegations because the staff is entirely remote and 'Neso' was an anonymous developer, which is common in the NFT and crypto fields. Gem.xyz promptly removed Neso from the team after discovering and investigating these charges.
Screengrab from an interview between Gem.xyz's co-founders and Nansen (YouTube)
Even though Thompson used a fake name at work, he was put in a company document that was filed in Singapore, where Gem was founded. The creator is also a big shareholder, and he or she lives in the United Kingdom. He was given 16,408 shares of the company, which is the same number as Huculak and Vaibhav Saini, who started the group.
No other information about Method Josh's departure from the organization has been made public. In August 2021, OpenSea acquired gem.xyz and owns it to this day.
Final Thoughts
OpenSea Pro is a strong NFT aggregator that serves professional NFT traders. The portal provides a wide range of NFT collectibles, expert trading tools, and the option to mint goods. OpenSea Pro may need some time to establish a reputation and community akin to Gem's. The 2.5% transaction fee that OpenSea Pro will eventually reinstate may be a turnoff for some consumers. For professional NFT collectors, OpenSea Pro is a viable platform.
