Employees come and go in any company. However, it usually catches attention when an executive resigns only less than a year after taking a position. Such is the case with the most recent resignation of an executive in OpenSea.
Resignations have recently hit the non-fungible tokens (NFT) marketplace as OpenSea chief financial officer (CFO) Brian Roberts resigned amid the bearish crypto outlook.
Roberts, who served as CFO of OpenSea for only 10 months, announced it was time for him to leave the "open seas." He did not give the reason why he resigned from the post.
Resignations Hit OpenSea
He was the latest in a string of resignations of top Web3 executives to leave their positions.
Barely days before Roberts resigned, OpenSea Vice President of Business Development, Ryan Foutty announced his resignation after serving for 18 months in the company.
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In his Oct. 7 post on LinkedIn, Foutty wished his "crewmates" well.
OpenSea, he wrote, has come a long way since its humble beginnings at co-founder Alex Atallah's basement.
Roberts hinted that he will stay as an advisor to the ride-share platform.
OpenSea appointed Roberts to the finance helm as CFO on Dec. 2021.
The now-former CFO worked at Lyft for seven years. He had also several corporate roles at Walmart, the United States retail giant, and Mircosoft.
OpenSea CFO Remains Bullish on Web3
A new report, Blockchain Open-Source Developers Signal Strength of Web3 Community, revealed that the prospect of Web3-developer has remained stable despite the crypto downturn.
Looking at the number of active contributors to GitHub depositories per month, the study said, the overall market outlook remained "pretty strong."
Both Ethereum and Bitcoin held the top position of the most active contributors, the study said, while acknowledging the decline of Solana.
But the decline, according to the study, was "not nearly as much as would be indicated by the decline in price."
Roberts shared this optimism saying that he remained "incredibly bullish on web3."
The volume of NFT trading has dipped to 98 percent. It shrank from $6.2 billion in January to $114.4 million.
The crypto market took a sharp fall in May as the market appears going bearish.
From OpenSea CFO to Advisor
Roberts was one in the long line of tech veterans who joined Web3 in recent years. Other big names in the tech sector who jumped to Web3 include Surojit Chatterjee, former vice president of Google, who took on the role of chief product officer of Coinbase in 2020; and in Jan. 2022, Pravjit Tiwana of Amazon, who served as the chief technology officer of Gemini.
As OpenSea CFO, Roberts had to steer the finance team and grow it under his stint.
Roberts hinted that the current VP of Strategic Finance, Justin Jow, might take the role of CFO.
To ensure a "smooth transition," Roberts said he is currently working with CEO Devin Finzer and Jow.
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