OpenSea acquires Gem NFT Market Aggregator

OpenSea, chief executive officer of OpenSea, announced that it has acquired Gem (nonfungible token) market aggregator Gem at an undisclosed cost. Devin Finzer is the chief executive of OpenSea. that the company made this move to improve the experience of its more seasoned “pro” users.

Gem allows traders to buy NFTs from multiple collections or marketplaces with one transaction, which saves gas and reduces costs. OpenSea has added popular Gem features like its floor-price sweep tool and rareity-based ranking to its platform.

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