OpenSea the leading NFT marketplace acquired NFT aggregator Gem. This is all part of their effort to give users a pro experience
OpenSea Acquires NFT aggregator Gem
In order to provide users with more options, OpenSea, the leading NFT marketplace, recently acquired NFT aggregator Gem. This is all part of their effort to give users a “pro” experience.
OpenSea is the first and largest marketplace for trading non-fungible tokens (NFTs) or digital artworks in the world. Since its inception in 2017, the platform has seen over 1 million traders and has generated $20 billion in sales.
In January 2022, Dharma Labs, a cryptocurrency borrowing/lending, and digital wallet service app were purchased. The purchase will improve the experience of buying, selling, and minting NFTs.
Gem Acquisition Outcomes
OpenSea stated in a press release on April 25th that the acquisition of Gem will enable them to better facilitate their vision and road map.
As the NFT communities expand, so does their desire for a better user experience, which is why this deal was completed with such ease on our platform.
According to the company’s announcement, Gem will continue to provide services as a stand-alone product and brand on the platform.
The leading NFT marketplace’s main goal is to bring the most up-to-date features to Gem and to educate both teams on advanced non-fungible token circles.
However, the announcement from the leading NFT marketplace contained no financial information about the acquisition.
“We’re excited to invest in Gem’s roadmap and ultimately welcome more people into the world of NFTs. However, our community needs to know that when we consider a big decision like the one we’re announcing today, we evaluate all aspects of it thoroughly.“
— Opensea
About Gem
Gem is well-known as the best NFT aggregator market holder, allowing customers to purchase NFT in bulk from a variety of sources. According to Gem, OpenSea made a sudden acquisition offer, which could undoubtedly hasten future growth and development.
Gem’s approach to OpenSea’s assets, base, and distribution channels would be strengthened as a result of the current acquisition.
The aggregator platform anticipates future technological advances and believes the internet will have a decentralized and bright future.
In the current acquisition, Gem’s main goal is to create a single point of contact for customers to get data and interact with all of the necessary NFT products and marketspace. The gem appears to be ecstatic about the acquisition news, as evidenced by her Tweets.
We’re incredibly honored to be pioneering the NFT aggregator space with our amazing community of NFT enthusiasts, collectors, and sweepers – and look forward to keeping improving your experience.
