OpenSea makes surprise acquisition of NFT aggregator Gem

According to reports, today, NFT marketplace OpenSea announced the acquisition of NFT aggregator Gem, and the acquired company called the move "unexpected."

OpenSea acquired the San Francisco-based company for an undisclosed amount, enabling Gem to continue operating as a standalone application. Additionally, the acquisition enables OpenSea to accelerate Gem's product roadmap and eventually integrate key features into its platform.

A blog post by OpeaSea co-founder and CEO Devin Finzer explains how the acquisition will support its "professional" users with Gem-based features to enable low-cost transactions across multiple NFT marketplaces, and enhance each with improved services. Platform flexibility for advanced users.

The OpeaSea CEO added,

"We can't wait to learn from and build with Gem's team - and ultimately make the experience of buying, minting, and selling NFTs better for every level of experience"

The OpenSea NFT marketplace platform also allows vendors to sell digital products at a fixed price or through online auctions.

New payment method for OpenSea users

The news comes after OpenSea introduced credit card payments on its MoonPay platform. The move allows OpenSea users to buy, sell and mint NFTs without the need for a crypto wallet. It also simplifies transactions by completing all stages of the buying process without leaving the OpenSea platform.

Currently, MoonPay accepts major credit card providers including Visa, MasterCard and American Express, as well as Apple and Google Pay digital wallet services. Additionally, Visa announced its NFT Creator Program, which aims to democratize NFT development for companies and individuals.

Last month, OpenSea launched NFTs based on the Solana blockchain on its marketplace, becoming the fourth blockchain solution to debut on the service after Ethereum, Polygon and Klaytn.

Instead, earlier this month, WeChat, China’s largest instant messaging platform, began suspending accounts offering second-hand blockchain services. Previously, Chinese law prohibited public and small business accounts from selling blockchain goods.

Also, this month, UK bank HSBC announced a portfolio targeting Asian clients. The Metaverse portfolio includes companies working on immersive solutions such as spatial computing, infrastructure and interface systems.

Original: https://www.xrtoday.com/mixed-reality/opensea-purchases-gem-in-unexpected-move/