NFT marketplace OpenSea has unveiled OpenSea Pro, its new nonfungible token (NFT) marketplace aggregator aimed at serving the needs of professional users. OpenSea’s acquisition of NFT aggregator Gem in April 2022 enabled it to develop and refine Gem’s platform to create the new OpenSea Pro.
One of the key differentiators of OpenSea Pro is the use of NFT grants as an incentive, rather than a token, to attract traders to the platform. This approach is in contrast to Blur, which offers token farming incentives. The platform plans to offer a suite of improved features that allows collectors to discover the best deals and insights across 170 marketplaces and access sophisticated tools that meet their need for automation.
According to Dappradar, which tracks decentralized applications (dApps) on the blockchain, Blur is currently holding the #1 spot in the trading volume rankings for the past 30 days. OpenSea comes in second place, but in terms of actual transaction volume, Blur is significantly ahead of OpenSea, with a trading volume of $1.19 billion compared to OpenSea’s $347 million.
The launch of OpenSea Pro shows that OpenSea is keen to regain lost market share and compete more strongly with Blur. Its features and offers are designed to attract professional NFT traders and make it easier for them to trade on the platform.