American online non-fungible token marketplace, OpenSea has acquired Gem, the leading NFT marketplace aggregator.
Gem lets you buy NFTs across multiple marketplaces with a single, low-cost transaction, and is known for its easy collection floor-sweeping, and rarity-based ranking for collections. The acquisition will provide Gem with resources to accelerate its product vision and roadmap. It will also allow OpenSea to learn from Gem’s expertise and intuition about the advanced NFT community – and bring the best of Gem’s features to the OpenSea marketplace.
Following the acquisition, Gem will continue operating independently from OpenSea as a stand-alone product and brand. “The Gem you know and love won’t change; and over time, we’ll bring key Gem features to OpenSea to make buying NFTs seamless and delightful for every experience level,” OpenSea Noted.
OpenSea while commenting on the acquisition said, “We’re excited to invest in Gem’s roadmap, and ultimately welcome more people into the world of NFTs. That said, it’s important for our community to know that when we consider a big decision like the one, we’re announcing today, we evaluate all aspects of it thoroughly. We place equal value on the people we’re forging partnerships with, as much as the product and its users.
We can’t wait to learn from and build with the team at Gem – and ultimately make buying, minting, and selling NFTs better for every level of experience.”
