OpenSea Acquires NFT Aggregator Gem Eyeing a “Pro Experience”

Leading non-fungible token (NFT) marketplace, OpenSea, on Monday announced its acquisition of NFT aggregator service Gem.

With the terms of the deal undisclosed, OpenSea said in a blogpost that it will integrate “the best of Gem’s features,” allowing for its upgraded platform to deliver a “pro experience to its users.” The announcement read:

“As the NFT community grows, we’ve recognized a need to better serve more experienced, ‘pro users,’ and offer more flexibility and choice to people at every level of experience.”

Gem’s NFT-related services are wide-ranged and include analytics tools, rarity rankings and bundled purchasing to save on Ethereum transaction or “gas” fees.

OpenSea stresses that, following the acquisition, Gem will remain a stand-alone product and brand.

1/ Exciting news!

To invest in the “pro” community and continue improving the OpenSea experience, we’re excited to share that we’ve acquired @gemxyz !

Read more in the official announcement blog, and below https://t.co/IBn38f2d3U

— OpenSea (@opensea) April 25, 2022