OpenSea optimizes its platform with the GEM aggregator


TL;DR Breakdown

• GEM will allow customers on the NFT platform to purchase multiple NFTs at once.
• OpenSea brings the GEM extension for customers to save money on NFT purchases.

Recently the online platform dedicated to NFT trading on the Ethereum blockchain and recently Solana, OpenSea, talked about its latest acquisition that promises to improve the trading fans’ experience. The NFT agency has just acquired Gem Aggregator, an interface for purchasing NFTs and more.

Since 2021, NFT trading has gained priority in the world. It is a virtual auction system that promises to give significant profits to people who store collectible pieces. NFTs could be art pieces, video clips, cars pictures, food images, or other valuable items.

OpenSea CEO discusses platform’s latest


Finzer Devin, the OpenSea CEO, said that the NFT platform would be heading for renewal. Remember that by the beginning of 2021, the online company acquired “Dharma Labs,” a protocol of generic agreements.

According to Finzer, this renovation will change the beginner experience and professional user within its interface. With Gem, customers will buy multiple NFTs through single transactions. In this way, the person will avoid wasting time in these operations, and the gas rates for each movement will decrease.

Supported by Gem in OpenSea, the client could save over 40 percent in gas for each transaction he makes. The customer can use all the money saved in transactions to buy other collectible pieces and have an excellent experience minting within the NFT world.

Gem extension within the NFT platform


OpenSea is not only excited about the Gem aggregator, but the Gem manager gave the information via Twitter. Both companies told their clients they would not change their operations, much less the logos identifying them. But this did not stop criticism among enthusiasts.

Some OpenSea fans are disappointed with the revamp of the system. This is because Gem, as an affiliate company, has shared its services with core companies which would go against the protocol shown by NFTs and cryptocurrencies in general. But many fans are excited about the partnership and are eager to take advantage of it.

OpenSea’s NFTs platform has been in operation for several years and has collected around $25 million in profits. The NFT market has increased its adoption rate since 2021, and the dedicated interface has been a vital part of these new developments.

It is expected that with the new Gem aggregator, the NFT platform can increase its sales and the number of people who register. Coming months will also see the NFT adoption on the platform after enthusiasts realize how much money they save with GEM. There is no official announcement about a new NFT auction available on the web.

Share link:

Carisbel Guaramato

An avid content creator for over 4 years, Carisbel spends her time on blogs and technology news. She honed her skills as a social communicator and now finds crypto and blockchain news events worldwide for transmission through Cryptopolitan's neutral and incisive way.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Michael Saylor
Subscribe to CryptoPolitan