OpenSea, one of the leading non-fungible token (NFT) marketplaces, has recently announced the launch of OpenSea Pro, a new platform designed to cater specifically to professional NFT traders. The move is a clear indication of OpenSea’s continued commitment to providing the best possible trading experience for its users, while at the same time acknowledging the need to offer more advanced tools and features for professional traders.
As part of the launch of OpenSea Pro, marketplace fees will return to the main OpenSea platform at 2.5%, while Pro users will enjoy the benefits of zero fees. The new platform will pull listings from over 170 marketplaces, providing traders with access to the best deals on the market. In addition, it will support advanced features such as “floor sweeping”, instant sales, and inventory management, as well as the ability to optimize gas fees for efficient trades. OpenSea Pro will also be available on mobile devices, making it even more accessible and user-friendly.
According to Devin Finzer, the CEO of OpenSea, the new platform is a major step forward for the company, building on the success of its previous NFT aggregation platform, Gem v2. OpenSea acquired Gem in April 2022, with plans to integrate its professional trading tools into OpenSea’s platform. With OpenSea Pro, the company aims to provide the most efficient and user-friendly NFT trading tool on the market.
The launch of OpenSea Pro comes at a time of fierce competition in the NFT marketplace space, with rival platform Blur offering zero fees and experiencing rapid growth since its launch in October. In response, OpenSea dropped its required marketplace fees to 0% in order to attract Blur traders. However, with the launch of OpenSea Pro, the company has returned to its original fee structure of 2.5% on the main platform.
Despite this focus on professional traders, OpenSea remains committed to providing tools and improvements for retail traders and creators, with a continued focus on partnerships, primary drops, and smart contract standards. The company aims to make it easier for people to explore and purchase their first NFT, while also pushing the boundaries of what is possible with this exciting new technology.
In conclusion, the launch of OpenSea Pro is a significant development in the NFT marketplace space, offering professional traders advanced features and zero fees, while at the same time signaling OpenSea’s continued commitment to innovation and user experience. With the market for NFTs continuing to grow and evolve, it is clear that OpenSea is well-positioned to remain at the forefront of this exciting new industry.