OpenSea acquires NFT aggregator Gem

OpenSea has acquired NFT aggregator service Gem, The Block has learned.

News of the deal was revealed in an email sent to Gem investors and seen by The Block.

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.

This story is breaking and will be updated with more information.

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