{"id":378472,"date":"2021-12-09T07:27:20","date_gmt":"2021-12-09T04:27:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/opensea-walks-back-on-ipo-plan-following-community-backlash\/"},"modified":"2021-12-09T07:27:20","modified_gmt":"2021-12-09T04:27:20","slug":"opensea-walks-back-on-ipo-plan-following-community-backlash","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/opensea-walks-back-on-ipo-plan-following-community-backlash\/","title":{"rendered":"# OpenSea walks back on IPO plan following community backlash"},"content":{"rendered":"<p>&#8220;<strong># OpenSea walks back on IPO plan following community backlash <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvZjcwY2NiMDgtMGI5NS00OGU0LWE5NzgtZDg4MTBiZDRjYzk2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The world\u2019s top nonfungible token (NFT) marketplace OpenSea has denied it intends to pursue a public listing any time soon.<\/p>\n<p>Chief Financial Officer (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensea.io\/blog\/announcements\/introducing-brian-roberts-our-new-cfo\/\">CFO<\/a>) Brian Roberts sparked a public backlash this week when he told <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-06\/former-lyft-cfo-roberts-joins-crypto-startup-opensea?sref=IIP4JEyu\">Bloomberg<\/a> that \u201cit would be foolish not to think about going public.\u201d <\/p>\n<p>The statement caused an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LivingPixelated\/status\/1467942325422854155?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1467942325422854155%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcryptobriefing.com%2Fopensea-ipo-plans-met-with-criticism-from-nft-community%2F\">uproar<\/a> among OpenSea&#8217;s crypto native NFT community, many of who see a public listing of the platform as a sell out to large institutional <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Punk_2070\/status\/1467938497755594756?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1467938497755594756%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcryptobriefing.com%2Fopensea-ipo-plans-met-with-criticism-from-nft-community%2F\">investors<\/a>. The vast majority of users on OpenSea execute transactions below $10,000 at a time. <\/p>\n<p>&#8220;Sucks to hear <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/opensea\">@opensea<\/a> is selling out and doing an IPO,&#8221; wrote <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user @Punk_2070, complaining the community rather than VCs had driven its success. <\/p>\n<blockquote><p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Coinbase_NFT\">&#8220;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.&#8221;<\/p><\/blockquote>\n<p>Users also seemed miffed that a share market listing would put paid to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/airdrops.io\/opensea\/\"> rumors<\/a> the platform was planning to airdrop governance tokens to longstanding community members in a similar fashion to Uniswap.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">No surprise that OpenSea is doing an IPO instead of community governance. <\/p>\n<p>Anyone who\u2019s had the displeasure of speaking with OpenSea community support would know that OpenSea doesn\u2019t care about community at all.<\/p>\n<p>They\u2019re not web3, they\u2019re tradfi 2.0<\/p>\n<p>\u2014 davis  (@basedkarbon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/basedkarbon\/status\/1467961835970301955?ref_src=twsrc%5Etfw\">December 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>But Roberts <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arently sees the whole thing as a misunderstanding and he blamed \u201cinaccurate reporting on Opensea\u2019s plans\u201d regarding going public in a Dec. 8 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BKRoberts\/status\/1468399263336083458\">tweet<\/a>. He said, \u201cWe are not planning an IPO, and if we ever did, we would look to involve the community.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There was inaccurate reporting about <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/opensea?ref_src=twsrc%5Etfw\">@OpenSea<\/a>&#8216;s plans. Let me set the record straight: there is a big gap between thinking about what an IPO might eventually look like &amp; actively planning one. We are not planning an IPO, and if we ever did, we would look to involve the community.<\/p>\n<p>\u2014 Brian Roberts (broberts.eth) (@BKRoberts) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BKRoberts\/status\/1468399263336083458?ref_src=twsrc%5Etfw\">December 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Whether governed by the community or listed on the stock market, the NFT marketplace is hot property, recording <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/ethereum\/marketplaces\/opensea\">$2 billion<\/a> in trading volume from 1.1 million transactions and nearly 250,000 users over the past 30 days alone. The platform takes 2.5% from every trade, meaning it earned over $50 million in revenue in that time period.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Virtual land in the metaverse dominated NFT sales over past week<\/em><\/strong><\/p>\n<p>Roberts became OpenSea\u2019s first CFO after resigning from Lyft earlier this week. He is experienced in tech and retail, having also previously worked for Walmart and Microsoft.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/opensea-walks-back-on-ipo-plan-following-community-backlash\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# OpenSea walks back on IPO plan following community backlash &#8221; The world\u2019s top nonfungible token (NFT) marketplace OpenSea has denied it intends to pursue a public listing any time soon. Chief Financial Officer (CFO) Brian Roberts sparked a public backlash this week when he told Bloomberg that \u201cit would be foolish not to think&#8230;<\/p>\n","protected":false},"author":1,"featured_media":378473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvZjcwY2NiMDgtMGI5NS00OGU0LWE5NzgtZDg4MTBiZDRjYzk2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95118,116],"class_list":["post-378472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-nft","tag-art"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=378472"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/378473"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=378472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=378472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=378472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}