OpenSea Acquires Gem to Invest in ‘Pro’ Experience

At OpenSea, our mission is to bring the power and potential of NFTs to more people around the world. As the NFT community grows, we’ve recognized a need to better serve more experienced, “pro” users, and offer more flexibility and choice to people at every level of experience. 

To invest in the future of the pro community, OpenSea has acquired Gem, the leading NFT marketplace aggregator. 

Gem has built an amazing product with the leading feature set for pro users, growing seemingly overnight in community engagement and enthusiasm. Gem lets you buy NFTs across multiple marketplaces with a single, low cost transaction, and is known for its easy collection floor sweeping, and rarity-based ranking for collections. The acquisition will provide Gem with resources to accelerate their product vision and roadmap. It will also allow us to learn from Gem’s expertise and intuition about the advanced NFT community – and bring the best of Gem’s features to OpenSea. 

After the acquisition, Gem will continue operating independently from OpenSea as a stand-alone product and brand. The Gem you know and love won’t change; and over time, we’ll bring key Gem features to OpenSea to make buying NFTs seamless and delightful for every experience level.

We’re excited to invest in Gem’s roadmap, and ultimately welcome more people into the world of NFTs. That said, it’s important for our community to know that when we consider a big decision like the one we’re announcing today, we evaluate all aspects of it thoroughly. We place equal value on the people we’re forging partnerships with, as much as the product and its users. 

During the course of our diligence, we learned about, and immediately surfaced, some deeply concerning allegations against a now-former member of Gem’s leadership team who operated under the pseudonym Neso. Upon investigating the allegations, the employee was immediately exited prior to the close of this deal. This individual has never and will never be affiliated with OpenSea.

We can’t wait to learn from and build with the team at Gem – and ultimately make buying, minting and selling NFTs better for every level of experience. If you’re interested in helping to build the leading marketplace for NFTs, join us!

James Jean’s Fragments: History in the making

Guest Post by James Jean

Fragments is my first PFP collection, commissioned by Outland, and my approach was to explore the library of images that I’ve developed over the past 20 years and to extract from my memory the most essential visual motifs and ideas from my past work. I had no idea how to go about creating so many variations, especially when trying to make each Fragment unique. I wanted to create something different from other PFP collections without relying on pop culture references. It was crucial that the collection felt like it came out of my own personal universe, and that each Fragment was authentically mine. As I started drawing, it was mesmerizing to see these motifs from the past two decades develop from the simple conceit of creating variations on a face. I’ve included many elements from nature, ranging from coral, fire, and water, as well as animals like bats, rabbits, and crabs. All of these little symbols that I’ve incorporated in my work over the years made its way into the collection—it’s a retrospective distillation of my past work.

I had done a previous project called Lotus War for which I created numerous characters and elements and then collaged them together by hand, but I’ve never really created work like this before, using code to generate Fragments. Using the dreaming face that I typically use as the basis for my logo and embossment designs, I drew hundreds of different features on top of the face using Procreate on the iPad. We then fed the images into the computer’s generative algorithm. The final results were unknown because I relied on the code to assemble the artwork, and afterwards I went through to edit and choose the best Fragments.

The code is able to generate many more variations than I would be able to make on my own. It was fascinating for me to see the novel combinations that came back, as many of the results were unexpected and surprising. It was especially amazing to see how the different color combinations worked together; I’m usually very particular about the colors that I use, and how things are shaded. As I was creating so many different parts, I wasn’t sure how they were all going to work together, but because I’ve created every single element by hand, there is an inherent logic that exists through all the pieces to create a sense of cohesion. I feel like each of the Fragments are kindred, belonging to the same family. It’s really exciting to be able to do something new like this, and to discover new ways to expand my visual vocabulary. I suspect this process will also inform my work going forward.

The collection goes live on OpenSea at 12pm EST on Friday, April 22nd.

Check out Solana — now in beta on OpenSea

Over the past year, Solana has emerged as one of the fastest growing NFT ecosystems in the world, and is among the most requested chains by the OpenSea community. We believe the future of web3 is multi-chain, and we’re excited to welcome Solana to OpenSea – starting today, with our beta!

This means that you can now buy, sell and and transfer Solana NFTs using OpenSea. Known for having low gas fees, fast transaction speeds, and being eco-friendly, Solana also introduces the OpenSea marketplace to a brand new set of exciting projects and creative communities.

During beta, we’re excited to test, learn and improve the Solana experience and add more creators and communities every day. We’re starting with 165 launch partners, but our goal is to welcome Solana’s entire creative community into OpenSea as soon as possible. Please try out the beta experience, share feedback in #solana-discussion on Discord, and help us identify the Solana creators and collections we should add next!

And to get started buying and listing Solana NFTs, read on…

Get a Wallet

First, you’ll need a Solana-compatible wallet such as Phantom or Glow. This wallet will be used to buy, receive and hold your SOL (the native cryptocurrency on the Solana blockchain). It’s also how you’ll connect to OpenSea to list or buy Solana NFTs. 

Add funds to your Wallet

Before you buy an NFT, you’ll need to buy SOL. To do this, you’ve got a few options: you can send SOL to your wallet from another Solana wallet or from a crypto exchange like FTX. Alternatively, you can buy SOL directly within your Phantom or Glow wallet extensions, depending on where you are (in some locations, this option isn’t available yet).

Browse Solana NFTs on OpenSea

Once your wallet is connected and funded, you’re ready to start browsing Solana projects. To explore Solana NFTs on OpenSea, visit our Solana landing page, which showcases a few featured collections. To see all collections, choose the Explore Collections button.

Now comes the fun part – finding NFTs you love. We’ve created this guide to help you understand what most people look for when buying an NFT.

Buy your NFT

So you’ve found an NFT you’d want to buy! First, check if it’s actively listed for sale. If it is, navigate to the item’s page and click “Buy now.”

Next, review your SOL Total to confirm that all looks good, then click “Confirm checkout.” 

If your item isn’t for sale, or if you want to make an offer below the sale price, you can also click “Make Offer” on the item you’d like to buy. You’ll be able to adjust the offer amount and expiration. When it looks good, click “Make Offer”. You’ll then be prompted to approve a signature request in your wallet. 

You did it–you’re practically a crypto native! For bonus points, tell everyone about your purchase on Twitter, see if your NFT collection community has a Discord and get involved, and keep us posted with your feedback in #solana-discussion on Discord.

Oh, did we mention we’re in beta?

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