OpenSea, a leading NFT marketplace has purchased Gem. Gem allows you to buy digital collectibles in batches from different platforms.

OpenSea released the official announcement this morning. It noted that the acquisition is designed to serve more advanced NFT customers. Devin Finzer is the CEO and co-founder.

As the NFT community grows, we’ve recognized a need to better serve more experienced, ‘pro’ users, and offer more flexibility and choice to people at every level of experience.

Gem, as an independent brand will still exist, developing and implementing its own functionality. Some of these features will, however, be introduced to OpenSea’s platform in the future.

In an email sent to investors, Gem reportedly claimed that the acquisition offer, although “unexpected,” would help accelerate its next stage of growth. Particularly, the NFT aggregator will gain access to OpenSea’s resources, infrastructure, and distribution channels.

Meanwhile, Finzer acknowledged the allegations against a now-former member of Gem’s leadership team. Neso (the pseudonym for the co-founder) is identical to Josh Thompson who was also accused of sexual harassment and rape in 2020. He then created a new profile.

During the course of our diligence, we learned about, and immediately surfaced, some deeply concerning allegations against a now-former member of Gem’s leadership team who operated under the pseudonym Neso. The employee was fired immediately after investigating the claims. OpenSea has never been associated with this individual.

OpenSea continues to grow its operation. OpenSea officially opened NFT support in April.

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