OpenSea CFO: An IPO may take place soon.

According to Bloomberg News, OpenSea, the world's largest NFT company, has appointed Brian Roberts as its chief financial officer. Roberts previously served as CFO of Lyft, a US-based telecommunications company, and has extensive experience managing Lyft for rapid growth and IPOs.

Adding Roberts will add value to OpenSea. OpenSea Founder and CEO Devin Finzer confirmed that the team is discussing financial issues with investors and is also considering future investors including a16z, FoundersFund, Coinbase and BlockchainCapital.

Roberts also said that the OpenSea IPO could take place soon. It just means that for the first time the company will be able to sell its shares to the public on the stock exchange. In fact, an IPO doesn't seem to be an exception right now. Roberts said it would be foolish not to think of the well-developed names on the NFT platform.

According to public data, OpenSea is now the world famous NFT trading platform. OpenSea is currently the largest NFT (Non-homogeneous Token) company on the Ethereum network. network. Standard 721 and ERC-1155 tokens.

OpenSea is the largest part of the NFT ecosystem, with Ethereum NFT transaction volume accounting for up to 98% of market volume. OpenSea has a weak starting point of use and ease of use, and a chain of contracts ensures the security of the company.

Users can display their NFTs on Ethereum and other blockchains on OpenSea, as well as use the Xianyu trading platform related to NFT display and marketing. The main difference of the industry still includes Xianyu is that the OpenSea market is on the chain. Users buy NFTs using cryptocurrencies and the trading solutions are secured by blockchain smart contracts.

In the past, rapid growth was due to the popularity of NFTs and the high market share of OpenSea. According to the latest data, the OpenSea market volume of NFT market has exceeded the all-time high of $ 12 billion.

As the first NFT business was developed by the Ethereum blockchain, OpenSea's packaging industry has grown over the years with the expansion of NFTs, and its total volume has exceeded $ 10 billion. November 2 and 18. Over $ 11 billion a day This means that Openea's packaging industry has grown by over $ 2 billion in less than a month.

In addition, according to Alexa data for the month of October of this year, the OpenSea website market entered the global top 500 in 90 days, and the OpenSea global ranking was 1321st. On average, each user searches for around 19 minutes per day and visits 14.4 pages. The United States is the most visited country, accounting for 44% of all visits. According to information from November 29, data from Dune Analytics shows that OpenSea added more than 100,000 new business users this month and the number of registered users has increased. At least 1 market represents approximately 718,000.

Additionally, according to the "Announcement of NFT Industry for 2021" released by Chainalysis, since 2021, investors have spent $ 27 billion on NFTs (like ERC-721 and ERC.-1155). Among them, OpenSea is the most popular company, earning more than $ 16 billion in cryptocurrencies since 2021.

The strong growth of OpenSea has also led to competition from Sam Bankman-Fried, CEO of the FTX cryptocurrency derivatives exchange. open M.

In the large NFT industry, OpenSea is far ahead of other competitors in terms of performance development and operational efficiency. It should come as no surprise that he was preparing for an IPO, indeed, in early March of this year, OpenSeaA raised $ 23 million. In July of this year, Roundabout B reached $ 100 million, and after the completion of these funds, OpenSea's value reached $ 1.5 billion. OpenSea is currently discussing new financial plans with organizations such as 16z to invest $ 1 billion worth over $ 12 billion.