A string of executive departures in the industry has taken place at the OpenSea administration cabinet. This indispensable token marketplace has gone through its CFO leaving his place and stepping out of his role. He started his job less than a year ago, and now has already left his place.
Changes in the industry
Roberts, the former chief of finance, became a member of the NFT platform administrative powers in December after seven years of working in the high management of the company Lyft. In his LinkedIn portfolio, he stated that he was about to become an adviser at OpenSea.
He also convinced the public of being highly excited to start on his new role and having high hopes for his new position. He took a high interest in W3 technologies and was willing to become part of the advisory department of the OpenSea company. Furthermore, he had his own understanding of distributed monetary technologies, blockchain and the inclusion of the Internet.
The digital works of art and their owner rights protection became highly important in the course of the last years. But since the November peak, this sector has lost $2 trillion in value. This is due to the impact of tighter monetary policy, new laws and regulations as well as the crypto-business boom. The volume of trade in NFT – digital tokens, arts, illustrations and other collectibles stored as crypto assets has also declined.
OpenSea announced huge layoffs in July
Volatility in the cryptocurrency sector has also shaken senior executives. For example, the co-creators of bankrupt cryptocurrency lender C Network LLC lately resigned from his position, and the CEO of electronic asset exchange Kraken also made a decision to leave his job.
After nearly a decade after industry security changes, there are questions about what the roadmap for the crypto industry will be this year. Anyway, such news simply cannot be a good sign both for the industry investors and simple customers as all these changes have a high impact on the cost and the value of cryptocurrencies.
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