OpenSea, the world’s leading nonfungible token (NFT) exchange, denies it intends to conduct an IPO anytime soon, according to the company. Chief Financial Officer ( CFO ) Brian Roberts
From an earlier statement by Brian Roberts to the Bloomberg “It’s foolish not to think about an IPO, which has sparked fierce opposition from the community. Many people agree that the IPO is a sale toinvestormajor institutions But the vast majority of OpenSea users are retail investors with less than $10,000 in transactions at a time.
No surprise that OpenSea is doing an IPO instead of community governance.
Anyone who’s had the displeasure of speaking with OpenSea community support would know that OpenSea doesn’t care about community at all.
They’re not web3, they’re tradfi 2.0
— davis
(@basedcarbon) December 6, 2021
Many users believe that Opensea should issue governance tokens and distribute them to long-standing community members in a similar manner to Uniswap, rather than an IPO.
Ultimately, however, Roberts said all of the past drama was a misunderstanding and he blamed “incorrect reporting of Opensea’s plans” about the IPO in a tweet on Dec. 8.
“We are not planning an IPO and if we did We will consider community involvement,” Roberts said.
Roberts is OpenSea’s first CFO after leaving Lyft earlier this week. He has experience in technology and retail, having previously worked for Walmart and Microsoft.
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