OpenSea Co-Founder Alex Atallah Sets to Leave Company by the End of July

Alex Atallah is one of the co-founders OpenSea, the largest Non-Fungible Token (NFT) marketplace in the Web3.0 ecosystem, has announced He will leave the company by July 31st as an active manager.

Atallah who alongside CEO, Devin Finzer built OpenSea back in 2017 has been a very crucial part of the company’s progress, having played a wide range of roles, including community and marketing, Product development, and the likes.

Atallah has given a July 30 deadline to his departure. But, Atallah indicated that he is confident and comfortable in the new leaders hired by the company to replace him. Attalah said that he believes in new leaders such as Ryan Foutty, who took over business development, partnerships, and Whitney Steele, who took over marketing, and that although they had a good start, he is optimistic about the future.

OpenSea began with 100 collections in March 2018, and the firm recorded just $500,000 in transactions volume. The marketplace lists millions upon millions of collections, and it has a $3.5 Billion monthly Ethereum (ETH) trading volume, as reported by Blockchain.News.

OpenSea has experienced its fair share legal problems, but the company has continued to see significant growth in the rate at which it onboards new users. The firm launched a hiring campaign to help relieve overworked engineers at one point this year. To increase its valuation to $13.3 million, the company raised $300million earlier in the year.

Attalah, who has since resigned from his active role with the outfit, confirmed that he would continue to contribute as a board member to the firm’s progress. Attalah indicated that he will be focusing on his passion of building something from zero to one after OpenSea.

Source: Shutterstock



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