Bloomberg News reports that the carousel of crypto management is always spinning. And the latest to have witnessed the same is in OpenSea, the nonfungible token marketplace. A series of C-suite departures are occurring in the crypto sector, and Brian Roberts has left the role of chief financial officer within just one year of joining the firm in this capacity.
In December, Robert became associated with this NFT Platform following seven years at the ride-sharing firm Lyft Inc, as stated in a post on LinkedIn where he revealed that he would continue as an adviser to OpenSea.
In one of the posts, Robert said he continues to stay bullish on web3 and OpenSea. It may be mentioned here that Web3 has been a decentralized internet vision developed around blockchains.
Almost $2 trillion in value has been shed by the digital asset sector since a peak attained in November 2021, and consequently crushed by the tightening of the monetary policy and crypto firm blowups. The NFT trading volumes, namely, collectibles and digital art recorded on the blockchains, have also dropped. In July, OpenSea announced job layoffs.
Bloomberg News reports that the crypto sector shakeout has been buffering senior management. For instance, the co-founders of the Celsius Network LLC, a bankrupt crypto lender, left their roles. Also in close heels was the chief executive officer, Kraken, who stepped down.
The change in leadership in this almost decade-old sector has raised questions about the type of crypto segment emerging from the rout of the current year.
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