Can OpenSea 's NFT transaction aggregator Gem , which was once popular and then fell silent, come back gorgeously? Gem revealed, "Scoring and tracking users' activities on Gem, the game is about to begin."
By Karen, Foresight News
The NFT transaction aggregator Gem acquired by OpenSea and the main developer of Gem, vasa, have been "silent" for three months. Driven by the gradual erosion of market share by competitor Blur , they have started to attack and opened Gem V2 to community users this week. Beta version.
What are gems?
The main builders of Gem are the author of Springer Nature, an academic book publishing organization, and vasa, a person in the DeFi industry. Gem launched the V1 Beta version at the end of December last year, and through the advantages of fast function update iterations and better user experience, it "beats" Genie, another NFT aggregation platform launched earlier (Genie was later acquired by Uniswap Labs).
In April 2022, Gem was acquired by OpenSea and continues to operate as an independent brand. OpenSea also previously stated that it will integrate Gem functions in the future.
Gem V1 focuses on NFT aggregation and NFT portfolio management platforms, and aggregates multiple NFT markets such as NFTX, NFT20, Rarbible, OpenSea, Larva Labs’ CryptoPunks, etc. In addition, it can also help users route Uniswap V2 and V3, SushiSwap, and any NFT through 0x Liquidity, therefore, supports users to use various ERC-20 tokens to pay when trading NFT, and can also combine different tokens for payment.
Gem V1 Home
In addition to the shopping cart and sweeping functions necessary for NFT aggregators, Gem V1 also supports sweeping data viewing, and also allows viewing NFT series data statistics, real-time casting data and rarity.
What optimizations does Gem V2 have compared to V1?
The Gem V2 beta version is currently only open to early supporters, including users who have the roles "Gemesis" and "Gemologist" in their Discord. November 30th, after which it will be available to more users. Testing applications can also be submitted at this time.
Gem V2 Beta Version Homepage
Tested by Foresight News, compared with the V1 version, Gem V2 has the following major optimizations:
1. Gem V2 aggregates more NFT markets: supports more than 170 NFT markets, including Blur, OpenSea, LooksRare , Rarible , X2Y2 , Zora , CryptoPunks , ENS Vision , Manifold , nftx , sudoswap, etc. If you are interested, you can check the specific support list.
2. Data statistics are more abundant and detailed: V2 supports viewing data of shorter time periods on the home page, such as 5 minutes, 30 minutes, 1 hour, and 6 hours. In a single NFT series, data such as floor price and volume change charts, floor price depth, most active traders, and giant whales are also more visualized.
3. Add a Watchlist column: Allow users to add interested NFTs to the watchlist.
4. Add advanced sweeping function: In addition to the normal sweeping function in V1, V2 has added advanced sweeping options. Users can set the maximum purchase price and quantity of a single NFT. If some NFTs are snapped up by others during the purchase process, The next cheapest NFT will be automatically selected instead.
5. Real-time casting data: Compared with V2, the real-time casting data of V2 is updated faster. It also adds the dynamics of casting completion and the participation of profitable wallets, and it can be directly minted on Gem.
6. Allow quick listing of NFTs from Profile: V2 allows multiple NFTs of different series to be listed in multiple NFT markets with one click, and it is easier to manage activities such as listings and quotations.
7. Gas consumption: It is estimated to be more than 80% cheaper than V1, but still not as good as Blur. After a rough test, when the Gas price is around 22 Gwei, the Gas cost of listing an NFT on OpenSea, LooksRare and X2Y2 via V2 ($6.6) is about 87% cheaper than V ($52), and 2 listings ($13) It's about 88% cheaper than the V1 ($105), and 5 on the shelves ($22) will be about 90% cheaper than the V1 ($222). However, Blur's Gas fee is cheaper than Gem. In the case of Gas 22 Gwei, it only costs about $1.8 to list an NFT on Blur, OpenSea, and LooksRare.
8. User experience: It is smoother than V1, and the experience of putting on shelves and scanning goods is friendly.
summary
For users, the attractiveness of an NFT aggregation platform depends on factors such as incentives (expectations), gas consumption during interactions, and more aggregation markets. Compared with the explosive Blur, Gem V2 has richer product functions and intends to create a one-stop NFT platform, including transactions, shopping carts, scanning, data analysis, real-time casting data viewing and visualization, but Gas consumption is still more than Blur, and no incentives.
With the momentum of Blur’s AirDrop activities booming, for Gem, the attention of users, the introduction of Liquidity, the continuous attraction of new users, and the maintenance of user stickiness are all inseparable from a strong incentive.
However, the Gem V2 website also reveals, "Currently scoring and tracking users' activities on Gem, the game is about to start." This also means that Gem may launch incentive activities in the near future, but whether it can succeed Blur still needs to be carefully considered. layout.
