(Bloomberg) — The crypto management carousel continues to spin.
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The latest in a string of C-suite departures in the industry comes from the non-fungible token market OpenSea, where Brian Roberts left as CFO after less than a year in the role.
Roberts, who joined the NFT platform in December after seven years with ride-hailing company Lyft Inc., said in a LinkedIn post that he would be an advisor to OpenSea.
“I remain incredibly bullish on web3 and especially OpenSea,” Roberts said in the post. Web3 is a vision of a decentralized internet built around blockchains.
The digital asset sector has lost $2 trillion in value since peaking in November 2021, crushed by monetary policy tightening and crypto business outbursts. Trading volumes of NFTs – digital art and other collectibles stored on blockchains – have also fallen. OpenSea announced major job cuts in July.
The upheaval in the crypto sector is also shaking senior management: for example, the co-founders of bankrupt crypto lender Celsius Network LLC recently left their positions and the managing director of digital asset exchange Kraken resigned. .
The changing of the guard in the roughly decade-old industry raises questions about what kind of crypto industry will emerge from this year’s rout.
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