GM, this is The Crypto Explorer. The only newsletter with headlines so hot, you might want to keep a fire extinguisher nearby!

Here’s what we got for you today:

• 🌊 OpenSea launches new NFT marketplace aggregator

• 🧱 Around the block: Paxful suspends operations

🌊 OpenSea Launches New NFT Marketplace Aggregator

Opensea just launched a new NFT marketplace aggregator, and they're calling it Opensea Pro.

They're claiming it's the industry's fastest and most powerful NFT marketplace aggregator. But, I'll let you be the judge of that:

• Zero fees: No kidding! Users can list on OpenSea with 0% fees through OpenSea Pro for a promotional period, with no additional fees.

• Mobile compatible: You don’t have to worry about being stuck behind your computer, you can browse, sweep, and list NFTs from the palm of your hand!

• Improved features: Collectors can now discover deals and insights across 170 marketplaces, they'll also have access to automation tools. (One notable feature is "advanced orders" which provides deep liquidity for more control over purchases).

• Free Gemesis NFT: Gem's early adopters, (i.e. eligible users who purchased an NFT on Gem before March 31) will receive a free Gemesis NFT as a "thank you" gesture until May 4

Sounds appetizing right? 

But why go through the trouble to launch a whole new platform for that?

To put it simply, OpenSea is in a tight spot.

Blur (a rival NFT marketplace) is beating them to their game and has even surpassed OpenSea in daily trading volume as users sought a trading platform that favored their NFT investments.

For context, the overall NFT sales volume in February 2023 was $2 billion, and of that:

• OpenSea had: $424 million

• Blur had: $1.3 billion

See that!

So, OpenSea is on a mission to win back users who had moved to rival NFT marketplace Blur by all means necessary.

The chase is on! We’ll see how it works out.

 🧱 Around The Block: Paxful Suspends Operations

•  🥲 Paxful Shutdowns: Paxful is suspending operation, CEO blames staff departures, regulatory challenges

• 🤖 Biden is scared of AI: It looks like crypto is not the only thing Biden is worried about, US President Joe Biden urges tech firms to address risks of AI.

• 🚀 Web2 & Web3 Collab: Celo Foundation and Google Cloud partners to support sustainable Web3 startups.

That's all we have for today.

We'd love your feedback.

In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.