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RCO NEWS Daily world news agency Based on Dubai, UAE > Blog > Technology > cryptocurrency > What is OpenSea Pro?
cryptocurrency

What is OpenSea Pro?

RCO News
Last updated: 2023/07/30 at 7:05 AM
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اوپن سی پرو (OpenSea Pro) چیست؟
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Contents
What is OpenSea Pro?OpenC Pro platform historyOpen C fullAnd what are its features?Access to live data from 170 NFT marketsMore advanced trading and trading tools NFTSimple user interface and mobile compatibilityProfessional and personal dashboardAdvanced swipe with a small feeGemesis collection and OpenC Pro tokenOpenC Pro native token and airdrop How to use the OpenC Pro platformOpen C Pro marketLive data on heterogeneous collectionsA look at the future of the OpenC Pro market

The OpenSea platform was the first and the top trading platform for non-traditional tokens (NFT), which continuously maintained its leadership from 2017 to 2022. However, the astonishing 26-fold increase in transaction volume in 2021 compared to 2020 to reach $24.9 billion was too attractive for competitors to allow OpenC to stay in the top spot any longer. At the end of 2022, OpenSea gave up the first market position to its new and powerful competitor Blur, but did not accept the defeat completely and soon returned to the field with the launch of its upgraded platform called OpenSea Pro.

Especially competing with the fresh-faced Blair platform, OpenC Pro has recently created a lot of buzz in the NFT space due to its premium features and various bonuses. Therefore, we also dedicated this article to the review of the new OpenC Pro platform.

We will start the discussion by introducing OpenC Pro, its history, goals and features of this platform. Then, we have an overview of how it works with its new trading options, and finally, we try to evaluate OpenC Pro’s chances of success by summarizing the current data. If you are also eager to learn more about the new OpenC Pro market, we suggest you stay with us in the rest of this article.

What is OpenSea Pro?

The OpenC Pro platform (OS Pro) is a more advanced version of the OpenC NFT market and the product of the company’s integration with Gem.xyz, a well-known NFT aggregator. The old version of OpenC was apparently designed to attract micro-token users. But, OpenC Pro also targets more professional traders of non-traditional tokens. The new OpenC Pro platform aims to help manage, buy and sell and invest in high-volume non-traditional assets.

The OpenC development team launched its second version on April 4, 2023 (April 15, 1402). Devin Finzer and Lorens Huculak, senior managers of the team, explained in the post announcing the launch of the new platform that the initial idea for this action was formed after a significant increase in the reception and activity of users of non-monogamous tokens in the beginning of 2022.

Read more: NFT making tutorial; How to sell our token?

The team also spoke of their intention to expand choices and capabilities while increasing user control over non-traditional assets, claiming to have launched the “fastest and most powerful NFT market aggregator”. Finzer, the CEO of OpenC, described the company’s action to release the second version of the platform in order to satisfy “more professional and experienced users”.

Devin Finzer (right) and Lawrence Hokulak (left); Senior managers of OpenC and co-founders of OpenC Pro

Advanced features and a set of new and automated tools of OpenC Pro allow users of this platform to access rare assets in 170 different markets and trading platforms such as LooksRare and “X2Y2” in the shortest possible time.

It should be mentioned that OpenC Pro uses low-cost smart contracts to make purchasing from multiple platforms easier and more accessible for users. In general, this platform tries to improve the user experience of its customers and work more towards the evolution and innovation of this emerging market.

OpenC Pro platform history

The first version of OpenC was launched in December of the same year, coinciding with the strange growth of crypto and the hype of the end of 2017, to register its name as the first marketplace for buying and selling non-coin tokens. With a trading history of more than 20 billion USD NFT, this platform has been a leader for several years and has been able to establish its position among the creators and owners of heterogeneous assets.

However, the fall of 2022 did not start well for OpenC. OpenC’s five-year leadership was threatened by the appearance of a fierce competitor named Blair. The peer-to-peer token aggregator Blair launched in October 2022, backed by Paradigm, narrowly beating its veteran competitor.

With measures such as offering a native token and offering rewards and special services to its users, Blair soon became the number one platform of the non-traditional asset market and took over 70% of the market’s trading volume.

The value of Blair’s February airdrop reached more than 200 million dollars. It should be noted that this platform continues to follow the plan of providing continuous rewards to its users and has even announced the extension of the duration of its farming program and new airdrops.

Meanwhile, OpenC did not back down and in a controversial move, released its advanced version in the form of OpenC Pro to reclaim its lost position. OpenC took this step after purchasing the NFT aggregator platform Gem. This was while the Gem platform had previously announced the release of its second version. But in a surprising move by the new Gem owners, the second version of the Gem platform was replaced by OpenC Pro.

Read more: What is F-NFT or Split NFT? A different way to buy Gentile Tokens

Next, by examining the features of OpenC Pro, we will point out the attempt of this platform to regain the first place in the list of NFT markets.

Open C fullAnd what are its features?

OpenC Pro provides a variety of features to a wide range of audiences. Beginners and professional traders can take advantage of the different modes of the platform and its various parts. Of course, considering the features and professional tools of OpenC Pro compared to the old and standard OpenC platform, we can consider the target audience of OpenC Pro aggregator to be collectors and more professional traders. OpenC Pro has a variety of features that we will mention some of the most key ones below.

Access to live data from 170 NFT markets

One of the best features of OpenC Pro is the ability to access tokens and unique collections of 170 different markets. This accessibility has caused a significant growth in OpenC Pro’s liquidity, which can be considered a powerful competitive advantage.

In addition, live data from all markets connected to OpenC Pro will be displayed to users of this platform in the shortest possible time. This data includes various information and statistics about collections, valuable tokens and general activity of user accounts in the NFT markets.

Read more: Four misconceptions about heterosexual tokens; Let’s get to know NFTs better

More advanced trading and trading tools NFT

OpenC Pro provides unique trading facilities to its users. Advanced ordering to create limit and minimum orders and the possibility of automating trade are some features that NFT traders are interested in on this platform. Also, users can review and compare different tokens in terms of different criteria.

The ability to list assets and allow quick minting of tokens being minted are some of the attractive options of this platform. Things like the possibility of immediate buying and selling and setting the order based on the maximum price or the number of tokens in a set can improve the experience of buying and selling unusual tokens. It should be noted that many of the new OpenC Pro tools are not available on the old OpenC platform.

Simple user interface and mobile compatibility

The design and user interface of this platform is simple and attractive and does not confuse users. OpenC Pro token traders can easily list their assets for sale or transfer them to different wallets in a few clicks.

Some analysts believe that the simplification of the OpenC Pro user interface compared to the standard OpenC platform is due to the influence of Blair’s simple user interface; An advantage that OpenC Pro also used to attract more audience in its new platform.

In addition, OpenC Pro has also designed a special version for mobile, which can make it easier for users to access the platform from anywhere. In general, this platform tries to eliminate the barriers of users’ connection with the non-traditional token market as much as possible.

Features of OpenC Pro

Professional and personal dashboard

Another top feature of OpenC Pro is increasing users’ powers in controlling and managing their assets. Personalized dashboards on the platform allow people to operate according to their preferences and specific trading strategies.

For example, OpenC Pro users can add their favorite tokens to their “Watchlist” and track their holdings in different sectors. In addition, it is possible to check tokens with filters such as price charts and transaction volumes on this platform.

Advanced swipe with a small fee

Another advantage of OpenC Pro is the ability to perform advanced sweep. This term, which literally means “sweeping”, refers to the simultaneous transfer of several non-similar tokens together. Users of this platform can buy or send up to 100 unique tokens at once. The limit of 100 swipe tokens in OpenC Pro is an outstanding competitive advantage compared to the limit of 30 swipe tokens in the Blair platform.

Also, in this OpenC Pro feature, if a token is not available at the time of transaction, the platform will automatically replace and purchase the next cheapest token for the user.

By means of the swipe function, the transfer fee of non-homologous tokens is also reduced to a great extent. It is not bad to mention that it is possible to set the transaction fee to compete with other users in order to speed up the transaction on this platform.

Gemesis collection and OpenC Pro token

One of the reasons for the news about the launch of OpenC Pro is the rewards that this platform has planned for its first adopters and users. As we mentioned, OpenC Pro is the result of the integration of OpenC market and Jam aggregator. Therefore, a special set of NFTs called Gemesis was released to reward early adopters of the Gem platform.

The reward process started on April 4, 2023 and continued for one month until May 4, 2023 (April 15 to May 14, 1402). Users who had purchased non-gamsys tokens from the Jam platform before March 31, 2023 (11 April 1402), could benefit from this reward and receive their non-gamsys tokens for free until the end of the reward period (May 4).

These tokens are an image of a digital gem, the rarest of which were awarded to the oldest users and token buyers on the Jam platform. Although some point to the possibility of the use of non-standard tokens of Gemsys collection in the future, the OpenC Pro platform has not yet officially mentioned anything about the functionality of these tokens.

In addition to offering rewards to old Jam users, OpenC Pro has another important feature to attract more customers. For a limited time, users of the platform can list their tokens on most token marketplaces with zero fees.

This fee is an important advantage for platform users compared to the standard fee of 2.5% of the old version of OpenC. It should be noted that this feature will be applied for a limited time and after that the platform fee will return to the standard 2.5%. A specific time limit for this limited period has not yet been announced.

OpenC Pro native token and airdrop

Currently (late spring 1402), OpenC Pro has not published any official announcement regarding the release of its native token. However, considering that the platform’s main competitor, Blair aggregator, is trying to increase customer loyalty with its ERC20 sovereign token, some speculations suggest that OpenC Pro may make a similar decision to airdrop and launch a native token.

Specifically, people can see the following image by hovering over the jewel icon at the top of the OpenC Pro platform screen:

In this statement, the OpenCPro platform refers to the tracking of users’ activity on the platform, which can mean the possibility of future airdrop events for the most active users. This promising message has increased the motivation of users to buy and sell tokens on this platform.

How to use the OpenC Pro platform

Now that we are familiar with the general points of the advanced version of OpenC, it is not bad to take a look at this platform and the facilities it provides to users. Upon entering the OpenC Pro platform, the first message you see is a request to connect your wallet.

By clicking on the “Connect Wallet” option, you will see a list of wallets compatible with the platform, one of which is the Ledger hardware wallet. You can use this wallet for more security of your foreign assets.

Read more: What are the best cryptocurrency hardware wallets?

On the top left side of the first page, in the “Explore” section, you will find several different options “Market”, “Watchlist” and “Mint”. In the “Market” section, you can view the most popular NFT collections and buy and sell them.

The “Watchlist” section allows you to keep an eye on your favorite tokens by starring them, and the “Mints” section provides direct access to minting new tokens. Also, after connecting the wallet, you can follow the status of your assets in the “Profile” section.

Open C Pro market

By clicking on the “Market” option, you can view and sort the collections based on various criteria such as name, floor price and trading volume of the last 24 hours. Also, by clicking the star to the left of each collection, you can move it to your Watchlist for easier access to the collections you’re watching.

You can filter collections by minimum and maximum base price to see only tokens based on the price you want.

Also, you can view tokens based on the most traded volume during different time frames. You may prefer to invest in stocks whose trading volume has grown over the past 30 days, or you may want to know which stocks have been the focus of buyers and sellers in the past 5 minutes.

From the bottom right side of the platform, you can choose two views “Pro” and “Collector”. The “Pro” view gives you more statistics and graphs, and the “Collector” view has larger images and simpler pages.

It is not bad to mention that on the left side of the view selection section, you see an image of the gasoline pump symbol. In this section, you can adjust the amount of your transaction fees so that they are done faster.

Live data on heterogeneous collections

By clicking on each collection, you can get valuable information that is being updated at any moment. You can see information such as price, features and status of each token in the collection in the “Items” tab.

The “Market” section shows the status of the markets providing this collection. By searching this section, you can find things like listed and sold tokens as well as trading volume over the past few days to minutes.

In the “Analytics” tab, you will get to know the statistics of the volume of transactions and a collection of the top buyers, minters and sellers.

In the “Activity” tab, you will also get a general idea of ​​the status of the tokens in the collection. For example, you can view tokens by sale, transfer, listing, or transfer.

A look at the future of the OpenC Pro market

As you can see in the graphs below from the Dune statistics analysis platform, Blair is still leading in terms of transaction volume, while the graph of the number of sales transactions shows the superiority of OpenC platforms.

The trading volume of OpenC platforms compared to the Blair platform
OpenC platform transactions compared to Blair platform

There is no doubt that in this tight competition, Open C Pro has a difficult task to steal the ball ahead of Blair. However, fortunately, we can say that the competition between two powerful platforms often ends in the benefit of the entire market, and the main winner is the users of this field. This tight competition can end up creating better and more improved products along with more and more valuable rewards.

For example, the OpenC development team has implemented features such as the simplicity of the user interface or the possibility of simultaneous trading of several NFTs, which are of interest to Blair users, in their new platform and improved them. This is while the old and standard OpenC platform did not benefit from these advantages during its five-year lead.

OpenC Pro’s innovations have made strides in matters such as improving asset management options and the ability to transfer 100 tokens at the same time, in order to save users’ time and money. Also, improved availability of non-traditional assets could attract serious NFT traders to OpenC Pro. All these features allow traders to make better and more effective trading decisions and optimize their asset portfolio; This can undoubtedly contribute to the further growth of the non-traditional token industry and the promotion of this space.

Therefore, we can consider the release of the OpenC Pro platform and the facilitation of the trading and investment process as an important step in the overall advancement of the digital currency industry, which can force the entire market to strive in the right direction. However, it is still too early to make a definitive statement about the success of OpenC Pro, and only time will reveal the potential capabilities of this platform.

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