News Brief: OpenSea Buys Gem, Enters NFT World

OpenSea’s NFT empire is growing and just got bigger with the latest acquisition, while Chess players can turn their most memorable matches into NFT using

OpenSea Acquires Gem, an NFT Market Aggregator

On Monday, OpenSea posted a message on Twitter indicating that it had bought a non-fungible token (NFT) marketplace aggregator Gem. However, it did not disclose the price. Devin Finzer, in a blog post, said that the firm made the move to improve customer experience, especially the most seasoned ones. 

Gem allows traders to purchase NFTs across different collections and varying marketplaces in one transaction. This is crucial in helping to save gas. In the meantime, OpenSea is improving Gem by adding popular features, such as the rarity-based rankings. 

Gem will continue running independently and is considered a stand-alone project for OpenSea. However, it will get more features from OpenSea in the future. to Unveil an NFT Marketplace

Wyre, a fiat-to-crypto and payment infrastructure company, has partnered with to launch Treasure Chess, a new NFT marketplace. Treasure Chess will allow users to turn the Chess games into Treasure NFTs. Then, users will be allowed to buy, sell, mint, and collect their treasures on Polygon, a layer-2 blockchain. 

Treasure Chess creates an Ethereum address for people who sign with their accounts. According to Wyre, players are permitted to use their debit cards to purchase USD Coin (USDC) for buying NFTs without opening a separate wallet. 

Other News 

According to Alyssa Exposito, a marketing analyst at Cointelegraph, the recently unveiled avatars, Moonbirds NFT collection is now ready to usher in new liquidity to the fast-growing NFT marketplace. The Sandbox (SAND) metaverse bought MoonBird #2642 for USD 1 million (350 ETH). In a ten-day run, by the time of going to press, Moonbirds had generated 117,115 ETH, which is slightly more than USD 332 million on OpenSea. 

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