OpenSea Pro is about to launch and offer experts a new platform to trade NFTs

Updated: 05 April 2023

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OpenSea, the world’s largest NFT marketplace, announced recently that it is launching a new NFT marketplace — this one tailored specifically for professional NFT traders. The new marketplace is known simply as OpenSea Pro, but it will come with a number of advanced features meant to target the growing market of professional NFT traders.

So far, many feel that NFTs have survived the test of time thanks to the popularity of the collections and the NFTs’ use cases in metaverse projects. With that being the case, professional NFT traders started getting more involved, and OpenSea’s rival, Blur, has already seen a significant surge because of it.

What is OpenSea Pro?

This new product comes as a rebranded version of Gem v2. This is the most recent version of Gem’s NFT aggregation platform. OpenSea previously managed to acquire Gem about a year ago, in April 2022. It noted that it has plans to use it to launch professional trading tools for its own users. This will also help bring expert traders.

Allow us to reintroduce ourselves 📣

Starting today, Gem V2, the best-in-class NFT aggregator, is now OpenSea Pro!

💎➡️⛵️

OpenSea Pro will still be run by the same Gem team you know & love, but with unified brands we are able to offer users MUCH more

Let's dive in 👇🏽🧵 pic.twitter.com/pyt6QnjW7b

— OpenSea Pro (@openseapro) April 4, 2023

OpenSea’s new platform will feature 0% fees and pull listings across 170 marketplaces. The platform has gone above and beyond in its efforts to provide traders with the best available deals. Furthermore, it will also support advanced “floor sweeping”, inventory management, instant sales, gas fee optimizations, and more, all for the purpose of enabling efficient trades.

Traders can also expect to encounter a watchlist feature, and the platform will be available on the web as well as on mobile devices.

OpenSea to gain the edge against Blur

OpenSea’s CEO, Devin Finzer, commented on the new development, stating that Gem has been a huge help in building and launching OpenSea Pro. Thanks to its technology, OpenSeaPro will become the most efficient trading tool available on the market right now.

Advanced order types? Of course ⚙️

OpenSea Pro brings new levels of control for power users. Sweep across the deepest liquidity of ANY NFT marketplace 🧹

OpenSea Pro aggregates 170+ marketplaces, giving you more control over purchases, collection + trait offers, & listings 🏷️

— OpenSea Pro (@openseapro) April 4, 2023

“Gem v1 is amazing, you know, it’s an incredible aggregator tool, but this is really a dramatic step up from it. It’s incredibly fast and incredibly real-time. It’s really the fastest user experience for purchasing NFTs,” he said.

As mentioned, OpenSea is trying to stay ahead of Blur, which has risen rapidly since the launch of its marketplace in October 2022. Due to the fact that Blur offers zero fees, OpenSea was forced to remove its own required marketplace fees just to be able to match the competitor’s offer.

However, with the launch of OpenSea Pro, the company will bring back its marketplace fees on the main platform to 2.5%. However, Finzer said that the fees would be used for investing in making the space stronger. He added that OpenSea will still focus on providing new improvements and tools for its retail traders and NFT creators. As part of this, the platform will seek out new partnerships, new smart contract standards, as well as primary drops.

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