OpenSea walks back on IPO plan following community backlash
The world’s 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 “it would be foolish not to think about going public.”
The statement caused an uproar among OpenSea's crypto native NFT community, many of who see a public listing of the platform as a sell out to large institutional investors. The vast majority of users on OpenSea execute transactions below $10,000 at a time.
"Sucks to hear @opensea is selling out and doing an IPO," wrote Twitter user @Punk_2070, complaining the community rather than VCs had driven its success.
Users also seemed miffed that a share market listing
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