According to a LinkedIn update released Friday cryptocurrency Brian Roberts, CFO of OpenSea, one of the giants of the industry, left the company less than a year after joining the NFT marketplace company.
Brian Roberts Recently Joined Cryptocurrency Platform
In the LinkedIn post, it was stated that Roberts, the former CFO of car sharing giant Lyft, joined OpenSea last December as the company’s chief financial officer and built the finance team from scratch. Roberts will remain with the company as a consultant.
Roberts’ departure came amid an exodus in the cryptocurrency industry. Numerous executives have left crypto firms in recent weeks.
Earlier this week, it was reported that Jonathan Cheesman, FTX’s head of OTC and institutional sales, has quietly left the firm. Last month, Brett Harrison, president of FTX.US, was withdrawn into a consulting role. That same month, Kraken CEO Jesse Powell also resigned to make way for new CEO David Ripley.
Robert Gutmann, CEO of Bitcoin investment services firm NYDIG, and its chairman, Yan Zhao, also left the company last week.
The reasons behind these moves may be different, but they all came after difficult market conditions. Bitcoin’s price has dropped more than 70% from its all-time high of $69,000 last November to around $19,500 today.
NFT trading volumes have also fallen sharply in recent months. According to the data, last month Ethereum There was an approximately 18% decrease in trading volume in NFT-based NFT markets to $504 million.
The volume of OpenSea, the largest NFT market, fell more than 30% last month. Roberts said in his LinkedIn post that he was “incredibly optimistic about web3 and OpenSea in particular.”
*Not investment advice.
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