NFT

NFT marketplace Opensea brings in former Lyft executive as CFO

  • Brian Roberts, the former chief financial officer of Lyft, has joined OpenSea as CFO
  • Roberts compared OpenSea's potential to eBay's in the mid-1990s
  • According to Roberts, OpenSea's growing profitability could be a good reason for an IPO

Brian Roberts, the former chief financial officer (CFO) of the $13.4 billion ride-sharing startup Lyft, has joined Ethereum NFT marketplace OpenSea as CFO.

Tech veteran joins NFT marketplace

In an interview with Bloomberg, Roberts said he was looking forward to leaving the company, where he had been CFO since 2015. He expressed optimism about OpenSea’s prospects, comparing the company’s potential to eBay’s in the mid-1990s. Lyft is not the first and only company in Roberts’ portfolio. The CFO previously worked for IT and retail giants like Microsoft and Walmart before joining companies in the crypto industry.

Roberts also spoke about the possibility of raising more capital, stating that the company could use the funds to pursue beneficial partnerships and joint ventures. According to Roberts, OpenSea’s growing profitability could be a good reason for an IPO.

Opensea has experienced rapid growth

OpenSea, the largest non-fungible token (NFT) marketplace. The company was founded in 2017, and currently, various projects on the marketplace have attracted millions of dollars in investments from celebrities and average cryptocurrency holders. The transaction volume on the marketplace has exceeded $10 billion and there are more than 700,000 registered users.

It was recently reported that the NFT marketplace has received investment offers with a new valuation of $10 billion. If Opensea does raise a new round of funding, this would be the third time it has done so. In March, the company raised $23 million in a Series A from Andreessen Horowitz, Naval Ravikant, Mark Cuban and others. In July, OpenSea raised another $100 million (again led by Horowitz), bringing the company’s valuation to $1.5 billion.

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About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and blockchain startups.

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