What Is Gem [Opensea Pro]?
Gem is an NFT (Non-Fungible Token) marketplace aggregator. OpenSea acquired it to better serve the growing NFT community, particularly the more experienced users who require more flexibility and options.
Background
Gem NFT was established in January 2022 and rapidly gained prominence in the market, surpassing its primary competitor, Genie.xyz. Its success can be attributed to its fast iterations and superior user experience.
How It Works
Gem NFT allows users to view and buy NFTs from various marketplaces simultaneously. This bulk buying capability is famous among big traders and is also cost-effective as it reduces the overall gas fees associated with NFT purchases. Moreover, it provides a comprehensive view of the market, thus addressing many of the liquidity issues when switching to a different marketplace.
Key Takeaways
- Gem is an NFT marketplace aggregator recently acquired by OpenSea.
- It serves experienced users who require more flexibility and options in the NFT market.
- Gem covers all the major Ethereum-based NFT marketplaces, such as OpenSea, LooksRare, X2Y2, Rarible, and NFT20.
- Established in January 2022, it surpassed its primary competitor, Genie.xyz, due to its fast iterations and superior user experience.
- Gem allows users to view and buy NFTs from various marketplaces in one go, reducing the gas fees associated with NFT purchases and providing a comprehensive view of the market.
