OpenSea introduces OpenSea Pro, a sophisticated marketplace designed to satisfy the growing market of professional NFT traders and compete with rivals like the zero-fee platform Blur.
OpenSea, a leading NFT marketplace, has announced the introduction of OpenSea Pro, an advanced trading platform designed for professional NFT traders.
The move follows the rapid growth of competitor zero-fee NFT market, Blur. OpenSea Pro is a rebranded version of Gem v2, an NFT aggregation platform acquired by OpenSea in April 2022 to provide professional trading tools to its users.
Free of charge, OpenSea Pro will aggregate listings from 170 markets, offering the best deals for traders. The platform will support advanced floor sweeping, instant sales, inventory management, gas rate optimization for efficient trading, watch list functionality, and more. It will also be accessible on mobile devices.
Devin Finzer, CEO of OpenSea, credits Gem’s technology with helping to develop pro open sea in the most efficient NFT trading tool available. Finzer praised the platform for its speed and real-time capabilities, which provide a fast user experience for NFT purchases.
OpenSea has faced stiff competition from Blur, prompting the company to remove creator fees to attract merchants. With the launch of OpenSea Pro, the company reintroduces creator fees to its core platform at 2.5%. Finzer emphasized that the revenue from these fees would be reinvested in strengthening the NFT space.
Although OpenSea Pro comes amidst fierce competition with Blur, Finzer assures that OpenSea will continue to prioritize retail merchants and creators by focusing on partnerships, primary drops, and smart contract standards.
The company aims to make it easier for first-time users to explore and buy NFTs while driving NFT use cases forward. OpenSea envisions users moving from the core platform to a more professional experience with OpenSea Pro.
