OpenSea Acquires NFT Aggregator Gem

OpenSea, the biggest online marketplace that allows people to create, sell and buy NFTs easily, acquires NFT Aggregator  Gem.

OpenSea acquires NFT aggregator Gem to Invest in ‘Pro’ Experience!

Gem has built a fantastic product with the leading feature set for pro users, growing seemingly overnight in community engagement and enthusiasm.

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 them to learn from Gem’s expertise and intuition about the advanced NFT community – and bring the best of Gem’s features to OpenSea.

After 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, they will bring key Gem features to OpenSea to make buying NFTs seamless and delightful for every experience level.

Opensea is excited to invest in Gem’s roadmap and ultimately welcome more people into the world of NFTs. That said, its community needs to know that when they consider a big decision like the one we’re announcing today, they evaluate all aspects of it thoroughly. They place equal value on the people we’re forging partnerships with and the product and its users.

During the course of its diligence, they 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. Upon investigating the allegations, the employee was immediately exited before the close of this deal. This individual has never and will never be affiliated with OpenSea.

OpenSea 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.

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