NFT Aggregator Gem.xyz Removes Co-founder for Sexual Misconduct and Is Acquired by OpenSea

NFT aggregator Gem.xyz removed a co-from the company before being acquired by OpenSea.

NFT Aggregator Gem.xyz Removes Co-founder for Sexual Misconduct and Is Acquired by OpenSea
Courtesy of Jakub Porzycki/NurPhoto via Getty Images

OpenSea, currently the largest NFT marketplace, acquired NFT aggregator Gem.xyz with the aim to better serve the more advanced NFT communities and users. However, Gem hasn’t been the shiniest in the NFT space, ousting a core developer and shareholder, Josh Thompson, over allegations from several individuals that included sexual harassment, sexual assault, and the grooming of minors. During his time at Gem, he operated anonymously under the pseudonym Neso, most likely due to his previous unsavory history as the previous World of Warcraft Twitch streamer MethodJosh. Despite his professional pseudonymity, Thompson is named in a business document filed in Singapore, where Gem was incorporated.

Gem said the acquisition offer from OpenSea was unexpected and added that the company will now have access to OpenSea’s infrastructure and resources to accelerate its growth. OpenSea stated in a blog post that, “During the course of our diligence, we learned about, and immediately surfaced, some deeply concerning allegations against a now-former member of Gem’s leadership team who operated under the pseudonym Neso. Upon investigating the allegations, the employee was immediately exited prior to the close of this deal. This individual has never and will never be affiliated with OpenSea.” It was publicized that the deal with OpenSea was contingent upon both Thomson’s departure from the company and his liquidation from Gem’s cap table.