Gem Releases V2 Beta Version with Real-time Auction Feature

02/21/2023 15:17 • NFT Newsflash • 148 views

On February 21, the NFT transaction aggregator Gem has released the V2 beta version. The new features include aggregating the standing bids of different platforms and allowing the real-time sale of the best bids. Users can obtain access to the beta version by submitting an application.

Gem releases the V2 internal test version, and users can apply for access rights

Interpret the above information:

The NFT or Non-Fungible Token market is continuously growing, and more players are entering the market or innovating their platforms to provide better services to the users. On February 21, Gem, one of the NFT transaction aggregators, has launched its V2 beta version with new features that could attract more traders and collectors to use its platform.

The primary new feature of the V2 beta version is the aggregation of standing bids of different NFT marketplaces. It means that Gem’s users can see the bids on the same NFT item on various platforms, such as OpenSea, Rarible, SuperRare, and more, in a single space. This feature saves the users time and effort in checking different marketplaces or bidding on multiple platforms.

The second new feature of the V2 beta version is the real-time sale of the best bid. It means that Gem takes all the standing bids, finds the best offer, and executes the sale instantly. This feature removes the issue of waiting for the auction’s end or losing due to latency problems. This real-time bidding feature could attract more traders and collectors who are looking for quick and hassle-free transactions.

However, to access the V2 beta version, users need to submit an application. Gem’s team will send the beta version link to the approved applicants. It’s unclear how many users could access the beta version or how long the testing period would last. Nevertheless, it shows that Gem is serious about providing the best NFT trading experience to its users.

The Gem V2 beta version’s launch could affect the NFT market in various ways. First, it could attract more users to Gem, who are looking for a consolidated and fast-trading platform. Second, it could put pressure on other NFT marketplaces to improve their services or innovate new features to remain competitive. Third, it could increase the usage of NFTs as a new asset class, as Gem brings more liquidity and transparency to the market.

In conclusion, Gem’s V2 beta version is a significant step towards making the NFT market more accessible and efficient. The aggregation of standing bids and real-time bidding features could simplify the trading process and attract more users. The title “Gem Releases V2 Beta Version with Real-time Auction Feature” and the keywords “NFT, transaction aggregator, standing bids, real-time sale, beta version” summarize the key aspects of Gem’s new product release.

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Gem Releases V2 Beta Version with Real-time Auction Feature

Gem releases the V2 internal test version, and users can apply for access rights

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