OpenSea could be the next crypto-related company to go public after its new CFO, Brian Roberts, revealed in a recent interview that the firm was looking to raise funds through an Initial Public Offering (IPO).<\/p>\n
During the interview<\/a>, Roberts, the former Lyft CFO, revealed that going public was an option for a firm growing at the pace of OpenSea<\/a>. According to him, \u201cWhen you have a company growing as fast as this one, you\u2019d be foolish not to think about it going public. I've seen a lot of P&Ls (profit and loss statements) but I\u2019ve never seen a P&L like this.\u201d<\/p>\n Continuing on why OpenSea would consider going public, Roberts was of the opinion that the company does not literally need \u201cto raise more cash,\u201d instead, the leading NFT site would be using the new funding to \u201cacquire companies, strike partnerships, and create joint ventures to further expand the use of NFTs into new industries.\u201d<\/p>\n With this new revelation from OpenSea, the crypto community\u2019s earlier speculation that the NFT marketplace could be launching its own native token or towing the path of Ethereum Name Service<\/a> (ENS<\/a>) in efforts to decentralize the company appears to be invalidated.<\/p>\n Interestingly, Brian Roberts played a major role in Lyft successful 2019 IPO.<\/p>\n Members of the crypto community have reacted negatively to news of OpenSea going public as many of them see it as a sign of betrayal from the crypto company.<\/p>\n Sucks to hear @opensea<\/a> is selling out and doing an IPO.<\/p>\n Their VCs didn\u2019t get them to where they are today. We did.<\/p>\n Just another reason why I can\u2019t wait for @Coinbase_NFT<\/a>. If we are using corporate vehicles, we might as well use the one that won\u2019t go down three times a week.<\/p>\n — 2070 (@Punk_2070) December 6, 2021<\/a><\/p><\/blockquote>\nThe crypto community reacts negatively<\/h2>\n
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