Mixed reactions from the community as OpenSea's advanced NFT marketplace gains traction.

2023-04-05

Summary:
  • OpenSea rebranded Gem V2 as OpenSea Pro in an attempt to compete with NFT marketplace competitor Blur.
  • The new platform introduced new features and tools and allowed users to list on OpenSea with 0% fees for a limited time.
  • Community members had mixed responses to the rebranding, with some believing it will enhance user experience while others feel OpenSea failed to prioritize artists.
  • Community members also expressed anticipation for where the NFT marketplace wars between OpenSea and Blur are headed.
  • OpenSea acquired Blur in April 2022 with the aim of catering to more seasoned NFT collectors and enhancing their experience.
  • OpenSea's move is seen by some as a response to the growth of NFT marketplace competitor Blur, which surpassed OpenSea's daily Ether trading volume on Feb.18.
  • The marketplace also implemented strategies like lowering fees and giving more earnings to creators to win back lost users.


Full article:

A community member believes that the move will enhance user experience in the space while another thinks that OpenSea “failed to rock the boat.”

In another attempt to win back its users from its budding nonfungible token (NFT) marketplace competitor Blur, OpenSea rebranded Gem V2 into OpenSea Pro, triggering mixed responses from the community. 

On April 4, OpenSea launched its advanced NFT marketplace aggregator OpenSea Pro. The platform introduced new features and tools and allowed users to list in OpenSea through the new platform with 0% fees for a limited time.

Many were excited about the new platform and expressed their sentiments on Twitter. A community member congratulated the NFT marketplace and said that it will enhance users’ experience within the NFT space. Moreover, another user expressed how they’ve always liked Gem as an NFT aggregation platform. The community member said that they like it more now as OpenSea is giving it the right priority.

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While some celebrated the new development, not everyone was happy with the new move from OpenSea. In a tweet, one community member argued that the NFT marketplace has “completely failed to rock the boat.” Another community member Samit Max Patel said that the platform looks more like trading tools and argued that it should be about art and artists. Patel tweeted:

Apart from positive and negative sentiments, community members also expressed their anticipation as to where the NFT marketplace wars between OpenSea and Blur are headed. A user even tagged Blur on Twitter, asking about their next move. Meanwhile, NFT strategist Hunter Solaire said that this war is headed towards more improvement within the space. 

Hunter Solaire commenting on the NFT marketplace wars. Source: Twitter

OpenSea acquired Blur in April 2022 with the aim of catering to more seasoned NFT collectors and enhancing their experience. Gem allowed traders to buy NFTs across different marketplaces and various collections within a single transaction, lowering the required gas fees. 

Some believe that the move is another response to the growth of its rival NFT marketplace Blur which surpassed OpenSea’s daily Ether (ETH) trading volume on Feb. 18. The marketplace also implemented other strategies like lowering the platform’s fees and giving more earnings to creators to win back its users lost to Blur.

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Source: cointelegraph.com

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