SNEAK PEEK
- OpenSea’s CFO Brian Roberts has resigned from the company account to his LinkedIn post.
- Roberts will support OpenSea’s growth as an advisor.
- Ryan Foutty, OpenSea’s Vice President of Business Development, has also resigned on the same day.
Brian Roberts, the Chief Financial Officer of OpenSea, has stepped down from his position after serving the role for 11 months.
OpenSea CFO steps down after 11 months in the job https://t.co/UmGPdHlvna pic.twitter.com/gwICSuigRh
— NFT Often (@nftoftendotcom) October 10, 2022
On October 7, Roberts shared a LinkedIn post, saying that it was time to ‘come ashore’ from the marketplace though he didn’t share the reason behind the decision. However, he mentioned that he will contribute as an advisor to OpenSea.
Roberts is among those tech veterans who have gone into Web3 in the past years, which also includes Surojit Chatterjee, Google’s former vice president, who, in 2020, took the charge as Coinbase‘s Chief Product Officer. Other names include Amazon’s Pravjit Tiwana, who, in January 2022, became Chief Technology Officer of Gemini.
Roberts’ one of the major responsibilities at OpenSea was to expand the finance team. His LinkedIn post read:
I had the rare opportunity to build a team literally from the ground up and handpicked game changers.
His statement showed that he was working closely with Devin Finzer and Justin Jow, the CEO and VP of Strategic Finance, respectively. Together, they assured a seamless transition, which signals that Jow will take over the recently vacant role of CFO.
Though he has left the CFO role, Roberts is still very much bullish on Web3.
It is worth knowing that his resignation happened on the same day when another executive of OpenSea resigned.
After working for 18 months, on October 7, Ryan Foutty, who was OpenSea’s Vice President of Business Development, announced his departure.
During the ongoing market downturn, Roberts and Foutty have emerged as the recent crypto executives to resign or take on advisory positions.
Today NFT News previously reported that though adoption rate has grown, NFT trading volume has plunged 98% from January.
The marketplace has gone through several setbacks which also includes laying off 20% of the staff in July along with considerable plunges in terms of daily trading volume.
The market has completely changed since May when the bearish wave made its move.
Besides Roberts and Foutty, other high-profile executives have also announced their departure from some of the very reputed firms. Some of these are Kraken CEO Jesse Powell, Genesis Trading CEO Michael Moro, FTX US president Brett Harrison and MicroStrategy CEO Michael Saylor.
