OpenSea CFO Brian Roberts has stepped down after roughly 11 months with the company. So far, neither party has made statements on the details of his exit. He announced his departure via LinkedIn and also stated that he would continue as the company’s advisor. Read on to know why staff changes are a common theme in the crypto bear market.
Why Did OpenSea CFO Brian Roberts Step Down?
Roberts previously served seven years building ride-sharing web2 company Lyft. In his official statement on LinkedIn, he said that he is still bullish on web3 and especially OpenSea. He also went on to say that the company is “heads down building” and that the best is yet to come. “I had the rare opportunity to build a team literally from the ground up and handpicked game changers.” says the former OpenSea CFO.
The worlds leading NFT marketplace has had no shortage of layoffs this year. In the turbulent crypto cycle, OpenSea had already laid off 20% of its workforce in July. Alongside Roberts, Ryan Foutty, VP of Business Development, has also left the role on the same day. Despite the downturn amid crypto markets, the OpenSea CFO stood bullish and defended OpenSea earlier this year:
What Do The Latest OpenSea Statistics Say?
Despite the ongoing bear market, OpenSea continues to innovate and build through the bear. The web3 giant still ranks as the world’s leading NFT marketplace on Ethereum. The statistics below indicate its performance for the last 30 days. In a space that moves a mile a minute, and judging by how early it is for NFT technology, OpenSea is still going strong.
For the last 30 days, OpenSea has recorded over 1.5 million transactions and around $340 million in volume. With a user drop of only 4.5% overall, it is safe to say that the web3 marketplace is holding on to its leading position.
Though digital assets have shed $2 trillion in value since the last bull market in November 2021, NFTs are here to stay. The crypto markets have been dealt heavy blows this year owing to ever-changing monetary policies, war, and blunders at mega crypto firms. Though frequent changeovers occur in web3, the space continues to be by and for, the builders.
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