OpenSea CFO resigns after 11 months
The current former CFO has not given a specific reason for his resignation, but has said he will remain an advisor to OpenSea.
Brian Roberts, chief financial officer of NFT marketplace OpenSea, has become the latest high-profile Web3 executive to resign amid a bear market, stepping down from the position after just 11 months in office.
In a post on LinkedIn on Oct. 7, the former CFO of ridesharing platforms Lyft and OpenSea said it was time to “go ashore” from the “open ocean,” but did not give an exact reason for his departure. . He said he will remain an advisor to the company going forward.
Roberts was named CFO of OpenSea in 2021 after seven years at Lyft. He has also held corporate roles at US retail giant Walmart and his technology company Mircosoft.
Roberts has worked with many over the past few years, including Google’s former vice president Sulogjit Chatterjee, who became Coinbase’s chief product officer in 2020, and Amazon’s Pravjit Tiwana, who became Gemini’s chief technology officer in January 2022. was one of the longtime tech veterans who jumped on Web3 at . .
One of his primary responsibilities at OpenSea was growing the finance team. Roberts said in a Linkedin post:
“We had the rare opportunity to literally build a team from scratch and handpick game changers.”
He said in a statement that he was working closely with CEO Devin Finzer and Strategic Finance Vice President Justin Jow to ensure a “smooth transition,” possibly with Jow taking over the newly vacated CFO position. suggesting to take over the role.
Roberts claims he is still “incredibly bullish on web3” despite stepping down as CFO.
Notably, Roberts’ resignation came on the same day another OpenSea executive announced his resignation.
In a LinkedIn post on October 7, OpenSea’s vice president of business development, Ryan Foutty, also announced his retirement after 18 months at the NFT company.
Foutty said the company has come a long way since working in co-founder Alex Atallah’s basement, and wishes his “friends” all the best.
Related: OpenSea Allows Users To Submit Mass NFT Listings And Purchases
Both Roberts and Fouty are just the latest crypto executives to step down or take on advisory roles amid the market downturn.
NFT trading volume fell 98% to $114.4 million from $6.2 billion seen towards the end of January.
The NFT Marketplace has also been hit, cutting staff by 20% in July and seeing a significant drop in daily trading volume.
The entire market plummeted off a cliff in May as the ongoing crypto bear market kicked off.
Other high-profile executives who announced retirements included FTX US President Brett Harrison, Kraken CEO Jesse Powell, MicroStrategy CEO Michael Thaler, and Genesis Trading CEO Michael Moro. will be
OpenSea CFO resigns after 11 months
Source link OpenSea CFO resigns after 11 months
