“OpenSea” appoints a new chief financial officer, amid expectations that it is preparing for its IPO
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Answer “OpenSea” appoints a new chief financial officer, amid expectations that it is preparing for its IPO
According to Bloomberg reports, OpenSea, the world’s largest NFT marketplace, has appointed Brian Roberts as its first-ever CFO.
Roberts was a former CFO of Lyft, which runs a ride-sharing app, which means he has a basket full of rich experiences.
For 3 years, Roberts served as Head of Global Corporate Development at Microsoft before joining the Walmart team.
In his time at Walmart, he led the company’s mergers and acquisitions.
Brian Roberts shares his roadmap for OpenSea:
While the new CFO of Bloomberg admitted that he does not have full experience in the crypto industry, he was quick to share his intentions to raise more funds for the platform.
Read:Bitcoin drops below $40,000 ahead of US inflation data
At the same time, OpenSea has been thriving well, especially since last August.
Sales averaged more than 1 million NFTs sold on a monthly basis, according to the data.sand dune analytics“.
Also since the beginning of the summer, the market has seen nearly 300,000 monthly active users, and the daily trading volume of Ethereum on the platform has always been above $50 million.
In short, none of its major competitors like “Rarible” and “SuperRare” come close to these numbers.
But despite all the strides and impressive giant growth, Roberts is still hoping to raise more money for the platform.
He stresses that while OpenSea does not need funds to survive, it is necessary to keep funds for uses and investments.
With the funds, the company can easily make acquisitions and enter into partnership deals in a timely manner, which will ultimately help in the rapid growth of the NFT segment.
Is there an initial public offering in the future?
Roberts suggested that an initial public offering of OpenSea might take place soon.
This simply means that for the first time ever, the company may offer its shares for sale to the public on the stock exchange.
Read:UK ad watchdog bans crypto ads from Arsenal
Indeed, an initial public offering may seem inevitable at this point.
Roberts says that given the massive growth that’s happening in the NFT trading and selling platform, it would be foolish not to think about bringing it to the public.
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