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Brian Roberts, who joined OpenSea after working at Lyft, Walmart, and Microsoft, mentioned he’s leaving the corporate simply ten months after becoming a member of it.
That is the newest instance of cryptocurrency executives stepping down amid the continued bear market.
OpenSea CFO Joins the Departure Checklist
As final yr’s bull market was raging on and NFTs had taken the principle stage, OpenSea grew to become the go-to place for everybody who wished to get entangled with a lot of these digital belongings. Consequently, the corporate began increasing aggressively, and Brian Roberts took the position of Chief Monetary Officer in early December.
The tides proceed to be in favor of NFTs and Open Sea specifically, and {the marketplace} noticed record-setting consecutive months. Nevertheless, the panorama within the cryptocurrency trade might change simply as shortly, and NFTs, together with asset costs, tumbled within the following months. NFT buying and selling quantity additionally slumped. OpenSea noticed a 90% decline from January to August.
Quick-forward to October 7, and Roberts took it to Linkedin to announce leaving the NFT market. As with different comparable examples recently, he thanked the corporate for the chance, wished all of it the most effective, and mentioned it was an actual pleasure to “construct a staff actually from the bottom up and handpicked sport changers.”
Whereas indicating that he’ll stay as an advisor to the OpenSea staff, Roberts mentioned he’s nonetheless bullish for the corporate’s future, NFTs, and Internet 3.
The Execs That Stop Earlier than Roberts
The cryptocurrency winter has not been sort to every little thing associated to the trade, and plenty of executives working in such firms needed to step down.
Maybe the largest identify to take action was Michael Saylor, leaving his put up as CEO of the corporate that he constructed – MicroStrategy. However, the agency continues with its pro-bitcoin technique, being the biggest BTC company holder.
The executives of most of the struggling companies, akin to Compass Mining and Celsius, additionally left their posts. The most recent to take action have been the President and CEO of NYDIG – Yan Zhao and Robert Gutmann.
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