Last Monday, representatives of the OpenSea marketplace announced on their Twitter that they had acquired the Gem NFT aggregator . The amount of the deal remains undisclosed. David Finzer, entrepreneur and CEO of OpenSea, said in a blog post that the company is taking this step to improve the experience for its more “professional” users.
Gem allows traders to buy NFTs from multiple collections and multiple marketplaces in a single transaction, saving on gas fees. In turn, the OpenSea marketplace is currently adding popular Gem features , such as a tool for determining the original price and ratings based on the rarity of collections. Gem will continue to operate independently of OpenSea as a standalone product, but OpenSea intends to continually integrate new Gem features into its NFT market going forward.
However, despite such an important update to the marketplace, many Twitter users criticized the developers. Amid the spate of phishing attacks, many collectors said they would prefer OpenSea to invest in “improved communication and customer service.”
Read Also: What Are the Best NFT Marketplaces?
Meanwhile, fiat-to-cryptocurrency and payment infrastructure firm Wyre has teamed up with online chess community Chess.com to launch a new NFT market called Treasure Chess. The new platform will allow players to turn their chess game into a Treasure NFT. Platform users can also mint, sell and buy NFTs on the Polygon 2.0 blockchain.
Treasure Chess generates an Ethereum address for users who log in with their Chess.com accounts. In turn, as part of the collaboration, Wyre will allow players to purchase the USD Coin (USDC) stablecoin with a debit card in order to then purchase NFT tokens. Chess.com called the move experimental, adding that the platform’s mission is to enrich the chess experience for users and support streamers and content creators in celebrating their favorite chess games.
While Chess.com is speculating about the potential success of their NFT tokens, one popular collection has begun to bring new liquidity to the NFT ecosystem, experts say. We are talking about Moonbirds NFT, some of whose tokens were purchased by the equally popular The Sandbox metaverse for almost $1 million. At the time of writing, Moonbirds has generated 117,115 ETH in volume, or just over $332 million in OpenSea sales in ten days.
