Cryptocurrency News
Nifty News: OpenSea acquires Gem, and Chess.com makes a move into NFTs
2022.04.27 04:22
Nifty News: OpenSea acquires Gem, and Chess.com makes a move into NFTs
OpenSea buys NFT market aggregator Gem
In a Monday Twitter (NYSE:TWTR) post, OpenSea announced it had acquired NFT marketplace aggregator Gem for an undisclosed price. A blog post by OpenSea chief executive officer Devin Finzer stated that the company made this move to improve the experience of its more seasoned, “pro” users.
Gem lets traders buy NFTs across various collections and multiple marketplaces in a single transaction that saves on gas fees. For now, OpenSea is adding popular Gem features such as its collection floor price sweeping tool, and rarity-based rankings to its platform.
