24/7 Cryptocurrency News

Just-In: OpenSea Launches “OpenSea Pro” To Rival Competitors; BLUR Price Tanks

Recent NFT news indicates that OpenSea has introduced an advanced NFT aggregator in an effort to attract pro traders away from rivals.
Published by
Just-In: OpenSea Launches “OpenSea Pro” To Rival Competitors; BLUR Price Tanks

NFT News:  OpenSea, one of the world’s leading NFT marketplaces, has announced the debut of OpenSea Pro, a dynamic NFT marketplace aggregator that is designed to fulfill the needs of advanced NFT collectors. The new offering is a rebranding of an existing product called Gem v2.  In April 2022, OpenSea completed the acquisition of Gem with the intention of providing OpenSea users with access to Gem’s sophisticated trading tools.

Advertisement

OpenSea Launches OpenSea Pro

OpenSea Pro will function without charging any fees and will pull listings from 170 different markets in order to present traders with the best possible deals. OpenSea Pro’s live cross-marketplace data, which updates user and collection activity across all NFT marketplaces in near real-time, is one of the most prominent features of the software.

Read More: Paxful Shuts Down Crypto Exchange; CEO Says “Not Sure If It Will Come Back”

Collectors are able to maintain a competitive advantage and make well-informed decisions on purchases and sales as a result of this. Additionally, it will allow improved “floor sweeping” for traders, diverse NFT collections, inventory management, the capability to optimize gas fees for efficient deals, a watchlist tool, and a number of other features. In addition to that, it will be accessible via mobile devices.

While detailing the launch of the platform, the announcement further shared plans of a “Gemesis” NFT airdrop for early users. The OpenSea team was quoted as saying:

Starting later today, qualified users who bought an NFT on Gem before March 31, 2023, will be able to claim a free Gemesis NFT through May 4, 2023.

Advertisement

OpenSea’s Answer To Rival Blur

Since the debut of the Blur marketplace in October, the battle for market share of NFT trading volume between OpenSea and the zero-fee platform has been intense. As reported earlier on CoinGape, this had caused OpenSea to cut its creator fees to 0% in order to woo Blur traders. However, during the launch of OpenSea Pro, OpenSea announced that it would return its creator fees to the main platform at the previous rate of 2.5%.

Meanwhile, at this juncture, there have been no formal announcements concerning the launch of a native token. On the other hand, there have been rumors that the platform is looking into the possibility of issuing a token at a later time, similar to Blur’s BLUR token. In light of this NFT news, the price of Blur is currently exchanging hands at $0.57 which represents a drop of 4% in the past 24 hours.

Also Read: Here’s Why Elon Musk Changed Twitter’s Logo To That Of Dogecoin (DOGE)

Advertisement

Share
Pratik Bhuyan

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025