Barely through the door at HQ, and new Opensea CFO, Brian Roberts, has already drawn the ire of the NFT crowd. In essence, he flippantly suggested that “it would be foolish not to think about going public,” but he may as well have murdered a puppy.
The backlash was enormous, Twitter went mad and profanities were strewn like discarded fiat money. As many will know, terms such as “Initial Public Offering (IPO)” do not sit well with the decentralized community as a public sale would represent nothing short of a complete sell-out. It would also put to rest previous promises of airdropping a governance token to key contributors to the platform.
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 🐺🦊 (@basedkarbon) December 6, 2021
Cutting his teeth the hard way, Brian quickly backtracked on his earlier statement, offering the following terse, but unapologetic words: “Let me set the record straight: there is a big gap between thinking about what an IPO might eventually look like & actively planning one. We are not planning an IPO, and if we ever did, we would look to involve the community.”
The NFT domain is a cutthroat world, where members immediately pounce on ill-chosen words and outsiders fresh from the corporate realm are not readily trusted. Presumably, this was just a gross misunderstanding on the part of Brian, and not representative of OpenSea’s goals. However, the non-fungible goliath should tread carefully for a while.
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Decentralised human, Explorer, Adventurer.