Brian Roberts, Lyft’s CFO, has just announced his move to OpenSea, where he’ll be leading the company as CFO. Roberts confirmed his new position via Twitter. Roberts joins OpenSea as the company’s first-ever CFO. He has previously worked at Microsoft Corp. and Walmart Inc.
Roberts joins dozens of other executives who ditched traditional tech and social media firms such as Meta and Venture to join web3 crypto startups. The surge in NFT popularity amplified the crypto craze and the influx of experts into web3 crypto startups.
CFO Brian Roberts on ditching Lyft for OpenSea
In an interview with Bloomberg, Roberts explained his vision for OpenSea, “I haven’t been this excited about something in a very long time. It reminds me of 1995 eBay. I’ve seen a lot of P&Ls (profit and loss statements) but I’ve never seen a P&L like this.”
He continued, “When you have a company growing as fast as this one, you’d be foolish not to think about it going public…It would be well-received in the public market given its growth.”
This led some to speculate they may be going down the traditional finance route. Given their previous customer service record and insider trading scandal, it’s probably unsurprising.
Additionally, OpenSea is one of the largest marketplaces for NFTs. Founded in 2017 it was the first-ever NFT marketplace. It’s natural they may end up “selling out”. On the other hand, it might not be so sinister as some may say.
This year, OpenSea processed more than $1.9 billion in transactions over the past 30 days. It now offers more than 80 million NFTs, has over 700,000 users and over 240,000 active crypto wallet addresses. In fact, the marketplace is undoubtedly the most famous in NFT history.