OpenSea has launched OpenSea Pro, a groundbreaking NFT venue designed to rival zero-fee platforms like Blur.
OpenSea itself is the leading NFT marketplace, and its new feature-rich platform is specifically developed for professional-level NFT traders.
The announcement comes in the wake of the fast rise of the competitor Blur, a zero-fee NFT platform. OpenSea Pro is an upgrade of the NFT aggregation platform Gem v2. It was bought by OpenSea one year ago with the goal of providing professional-grade trading features for its users.
OpenSea Pro promises to be the perfect platform for traders, with no fees and access to 170 NFT venue sources. The sophisticated features offered include floor sweeping, real-time transactions, inventory tracking, enhanced gas fee management for greater efficiency, a watchlist feature, and mobile compatibility.
Devin Finzer, OpenSea’s Chief Executive Officer, has credited Gem’s technology for contributing to the development of OpenSea Pro into the leading NFT exchange. He praised its fast performance and on-the-fly features which allow for a smooth purchase process for users.
OpenSea found itself in a challenging position as a competitor to Blur, which prompted the platform to abolish creator fees to draw more traders. Now that they’ve launched OpenSea Pro, the platform is returning its original policy of charging 2.5% creator fees on its main site. Finzer noted that any income generated from these charges would be put towards fortifying the NFT sphere even more.
Despite the strength of Blur, OpenSea Pro plans a long-term presence and plans to continue supporting individual traders and artists. As the company states, this will be achieved through building strategic partnerships and offering primary drops with smart contract standards as its core focus.
The company’s long-term goal is to provide an easy way for new users to explore and acquire non-fungibles while expanding the applications for these tokens. According to OpenSea’s vision, with time, users will move from the primary platform to OpenSea Pro, which offers a more advanced level of functionality.