OpenSea acquires Gem, and makes a move into NFTs

OpenSea buys NFT market aggregator Gem

In a Monday Twitter post, OpenSea announced it had acquired NFT marketplace aggregator Gem for an undisclosed price. A blog post by OpenSea chief executive officer Devin Finzer stated that the company made this move to improve the experience of its more seasoned, “pro” users. 

Gem lets traders buy NFTs across various collections and multiple marketplaces in a single transaction that saves on gas fees. For now, OpenSea is adding popular Gem features such as its collection floor price sweeping tool, and rarity-based rankings to its platform.

Gem will continue operating independently from OpenSea as a stand-alone product, but OpenSea intends to continually integrate more Gem features into its NFT marketplace in the future.

Many of the user comments on the Twitter thread, however, criticized OpenSea’s latest move. Amid multiple hacks and recent phishing scandals, collectors like @BandoNFT said he’d rather OpenSea invest to “improve communication and customer service.”

1/ Exciting news!

To invest in the “pro” community and continue improving the OpenSea experience, we’re excited to share that we’ve acquired @gemxyz !

Read more in the official announcement blog, and below

— OpenSea (@opensea) April 25, 2022

Virtual influencer Rae celebrates girls in STEM

Rae is one of Asia’s CGI (computer generated imagery) influencers, many of whom have large followings on Instagram and Weibo. Known as “” on social media, her Instagram bio states that she is a virtual being, digital artist and STEM (Science, Technology, Engineering, and Maths) advocate.

Rae announced her upcoming second NFT collection ahead of the United Nations-recognized International Girls in ICT Day on April 28 (information and communication technology.) The virtual influencer intends to use this collection to advocate for better STEM education for young girls. Eight percent of the total sale proceeds and royalty fees will go to a non-profit organization called United Women…


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