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Market News

NFT Marketplace OpenSea Appoints Former Lyft Executive as First CFO

The newly appointed CFO, Brian Roberts plans to initiate OpenSea’s initial public offering .

Written By Ritu Lavania
Published 2021-12-07
Make The Crypto Times preferred on GoogleGoogle
NFT Marketplace OpenSea Appoints Former Lyft Executive as First CFO

In Brief:

  • Former Lyft CFO, Brian Roberts joins the world’s largest marketplace, OpenSea as its first CFO.
  • In the past, Roberts has had a successful career at Microsoft and Walmart too.
  • Roberts wants OpenSea to raise more capital for pursuing useful partnerships and joint ventures.

The largest NFT marketplace OpenSea has appointed former Chief Financial Officer (CFO) at Lyft, Brian Roberts as its first CFO, as announced by the Co-founder and CEO of Opensea, Devin Finzer.

Brian Roberts has had an impressive stint as Lyft’s first CFO in 2014. During his  CFO tenure spanning seven years, he led Lyft through its multi-billion dollar IPO and raised $7 billion in the capital. Before Lyft, he also held prominent roles at Microsoft and Walmart.

Roberts believes that OpenSea’s growing profitability could put a possible public listing on the agenda.

Roberts suggested, “When you have a company growing as fast as this one, you’d be foolish not to think about it going public. It would be well-received in the public market given its growth”. 

This year in August, OpenSea marked itself as the first NFT marketplace to hit $1 billion in monthly trading volume.

OpenSea, the largest non-fungible token (NFT) marketplace, has recently received investment offers from several potential supporters at a massive $10 billion valuation. Roberts also commented that the company can raise more capital in addition to this figure and also use the funds to pursue useful partnerships and joint ventures.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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