BREAKING: OpenSea acquires NFT aggregator Gem by Timccopeland
NFT marketplace OpenSea has acquired NFT aggregator Gem.OpenSea has acquired NFT aggregator service Gem, The Block has learned.Gem lets you buy and sell NFTs across multiple marketplaces and makes it easier to sweep the floor of an NFT collection . Following the acquisition, Gem will continue to operate as a standalone brand.
Gem said the acquisition offer was"unexpected" but that it would accelerate its next stage of growth. It added that Gem would be gaining access to OpenSea's infrastructure, resources and distribution channels., that it will be able to"learn from Gem’s expertise and intuition about the advanced NFT community."
OpenSea added that during the due diligence for the acquisition, it uncovered allegations against a now-former member of Gem's leadership team who goes by the pseudonym Neso. They left the company after an investigation and before the deal closed.This article has been updated with more information.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The NFT World Comes to Istanbul, Turkey this May | HackerNoonNFT Summit Istanbul 2022, organized by Meta Venture Fund, will take place on May 28- 29 at the Lütfi Kırdar Convention and Exhibition Center.
Read more »
‘Legacy’ NFT prices are soaring, but exactly what makes a collection a blue-chip?What makes an NFT 'blue-chip,' and where does the term come from? The term is borrowed from traditional finance, and volume is not the only factor that determines whether an NFT is blue-chip or not.
Read more »
Withdrawals for MOBOX NFT Avatars Suspended | Binance SupportFellow Binancians, Withdrawals for “MOBOX MOMOverse NFT Avatars” were suspended on 2022-04-24 as we have received a significant number of users’ complaints after withdrawals of MOBOX NFT Avatars w...
Read more »
Smart contract mistake locks up $34 million of ETH for NFT project'We will mint your NFTs, and reveal them as soon as humanly possible,' AkuDreams said.
Read more »
Increased adoption of Metaverse NFTs will power the next NFT growth cycleWhile there is a lull in the NFT markets, it may only be the quiet before the storm. Metaverse NFTs are the next evolution for nonfungible tokens and adoption could bring another investing boom argues constkogan.
Read more »
Cardano Founder Set to Hold Discussions to Expand NFT Possibilities: DetailsCardano founder to hold talks about expanding NFT possibilities: details CardanoADA CardanoCommunity CardanoNFTs ADA NFTCommunitys BuildingOnCardano
Read more »