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OpenSea IPO Plans faced criticism from NFT community

OpenSea IPO Plans faced criticism from NFT community

Former Lyft CFO Brian Roberts has recently joined OpenSea and is planning to take the company public. However, many members of the NFT community disapprove his plan.

The new CEO in OpenSea is planning to raise funds through an IPO. While Roberts works toward taking OpenSea public, NFT collectors and artists did not find the news appealing. Several prominent voices in the NFT space have taken to Twitter to express their disappointment with the move. 

According to Roberts, the company “doesn’t need to raise more cash” but wants to use the financing from an IPO “to acquire companies, strike partnerships, and create joint ventures to further expand the use of NFTs into new industries.”
In response, many OpenSea users and NFT collectors feel that the company has abandoned its users in favor of investors. Some have suggested that OpenSea would not be the successful company it is today without the support of its NFT community.

About Tiffany Ellis

She is a smiley curious writer from the USA. She loves Cryptocurrencies, Arts an also NFTs.

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