OpenSea introduces OpenSea Pro, a new aggregator for active traders

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OpenSea introduces OpenSea Pro, a new aggregator for active traders

OpenSea, the top NFT marketplace by active users, has introduced OpenSea Pro, an aggregator geared toward active traders, bringing together sale listings from 170 other NFT marketplaces onto one platform.

Users can sell NFTs with no fees on OpenSea Pro for a limited time. Trading fees on OpenSea's regular market, which the company slashed to zero in February, have been restored to 2.5% with the launch of Pro.

The launch comes at a time when Blur, a competing marketplace and aggregator, has been dominating the NFT trading industry, continually pounding OpenSea's market share since its launch in October 2022.

While Blur has been averaging about three times OpenSea's daily volume of roughly $35M, the upstart NFT platform has been taking its lumps - Blur encountered significant backlash to its move to extend its incentive program through May 1, which may drive some disgruntled traders back to OpenSea.

Blur has created a program to encourage bidders to bid on NFTs with a future airdrop of BLUR tokens. This has resulted in inorganic trading, which hasn't really been driven by collectors, or even traders trying to make a profit outside of efforts to game Blur's program. These airdrop-hungry bidders bend the NFT market around Blur's incentives, distorting price discovery.

OpenSea Pro's interface has more similarities with Blur than OpenSea's marketplace - while the marketplace page heavily features art from NFT collections, OpenSea Pro shows a grid of the top NFT projects by trading volume, highlighting its focus on traders.

OpenSea Pro is a new version of an aggregator called Gem, acquired by OpenSea in April last year.

The OpenSea team also hinted at a upcoming rewards program for users of the Pro platform. OpenSea has not airedropped any rewards for early users, while competitors such as LooksRare and Blur have successfully attracted users with token rewards.

The team added that future rewards will include NFTs, implying that a fungible token may not be the focus of any future airdrop.