OpenSea Buys Gem

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The NFT juggernaut OpenSea, has just announced the acquisition of NFT aggregator Gem, for the purpose as they call it “to invest in pro experience.” The goal for OpenSea is to incorporate some of the groundbreaking features that Gem already has has incorporated into its site – such as its analytical tools and the option to rank the rarity of an NFT collection. As well as the ability to purchase multiple NFTs from different sites, with one single transaction.

“Gem has built an amazing product with the leading feature set for pro users, growing seemingly overnight in community engagement and enthusiasm. Gem lets you buy NFTs across multiple marketplaces with a single, low cost transaction, and is known for its easy collection floor sweeping, and rarity-based ranking for collections. The acquisition will provide Gem with resources to accelerate their product vision and roadmap”

– OpenSea

In the announcement OpenSea makes it clear that “After the acquisition, Gem will continue operating independently from OpenSea as a stand-alone product and brand”.

For more information about the acquisition of Gem, check out the full announcement on OpenSea.

Photo: OpenSea

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