OpenSea announced the acquisition of NFT Aggregator “Gem”, the deal was disclosed in an email sent to Gem investors.
Gem allows you to buy and sell NFTs in multiple markets and makes it easy to sweep the floor price of an NFT collection (that is, to buy the lower price range of a collection). It will continue to operate as a standalone business.
Gem said the acquisition offer “Unexpectedly,” but it will accelerate further growth, adding that Gem will gain access to OpenSea’s infrastructure, resources and distribution channels.
As for OpenSea, said inblog postThat it will be able to “learn from Gem’s expertise and instincts on the advanced NFT community.” Gem users expressed concern that today’s acquisition of the platform by OpenSea might eliminate the possibility of a token launch. N
Gem users also expressed their concerns that Buying the platform by OpenSea today could eliminate the possibility of an OpenSea token launch.
However, Gem’s lead developer, Vasa, said there is still a possibility that the project will launch.
“We will not change the way we work with all the markets we support. And we will ensure that we remain impartial and transparent in the way we operate,” he added.
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