OpenSea acquires NFT aggregator Gem

The NFT marketplace OpenSea announced it has acquired the NFT aggregator Gem.

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

The service allows purchasing NFTs across different platforms, categorising tokens by various parameters.

2/ @gemxyz has built an amazing product with the leading feature set for advanced users, including:

1) Bulk NFT purchasing across multiple marketplaces with a single, low cost transaction
2) Easy collection floor sweeping
3) Rarity-based ranking for collections

— OpenSea (@opensea) April 25, 2022

Users can also buy multiple digital items in a single transaction, saving on costs.

«Gem will continue to operate independently of OpenSea as a standalone product and brand», the company blog says.

According to Gem representatives, the takeover offer was “unexpected.” They expect accelerated project growth thanks to access to OpenSea’s infrastructure and other resources.

In April, the leading NFT platform integrated Solana support.

Subscribe to ForkLog’s Telegram news: ForkLog Feed — the full news feed, ForkLog — the most important news, infographics and opinions.