OpenSea Launches OpenSea Pro, Courting Professional NFT Traders

April 6, 2023

By Sharan Kaur Phillora

Designed to cater specifically to the needs of professional NFT traders, OpenSea Pro offers a suite of advanced trading tools and features to help users gain a competitive edge in the ever-growing NFT landscape. 

Here’s what we know: 

OpenSea just launched a new product. This comes when trading volume is falling, and the crypto market looks bad. It is crucial to note that the new advanced NFT marketplace aggregator that the marketplace has been working on for quite some time has been named OpenSea Pro and aims to serve the professional traders and collectors of NFTs. 

According to an announcement from OpenSea, the NFT marketplace stated that the launch of OpenSea Pro follows the acquisition of Gem in April last year. Gem is a leading NFT marketplace aggregator that was bought by the marketplace so that it could “accelerate their product vision and roadmap with more resources.”

It is crucial to note here that OpenSea Pro is capable of providing “the best deals and insights across 170 marketplaces, and access to sophisticated tools that meet their need for automation.” The aggregator has been created via previous Gem designs and works at an efficient and advanced level.

Several new features have been introduced with OpenSea Pro, including “Advanced Orders,” a feature allowing users to sweep across the deepest liquidity of any NFT marketplace aggregator, giving users more control over their purchases, (trait) collection offers, and listings. Users can also place setting orders based on maximum item price, item amount, traits, and more.

At the moment, OpenSea has not made any official announcements about releasing a token. However, there have been reports that the platform is following in the footsteps of other marketplaces, such as Blur, and exploring the idea of tracking usage to potentially release a token at a future date.

OpenSea Pro has no additional fees; for a limited time, users can list on OpenSea with 0% fees through OpenSea Pro. In the long run, OpenSea will focus on improved discovery, simpler onboarding, more mainstream payment options, and greater investment in creator tools, including Drops.

About the author

Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.

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