Why does OpenSea deny IPO rumors due to "inaccurate reports"?
Misunderstood reporting in the crypto world has real consequences, and in early December, OpenSea, a marketplace for NFTs, got caught up in it.
As for the reason, it is just that some readers misread part of the information in an article recently reported by Bloomberg.
New OpenSea CFO Brian Roberts was supposed to be celebrating his first day at the company that never had a CFO, but instead Roberts was busy fighting a PR fire on social media.
An encryption researcher who interpreted Bloomberg's OpenSea recruitment information believed that this was a sign that OpenSea was working on an initial public offering (IPO). Rumors spawned more rumors, and Roberts had to clarify.
Roberts stated that "with regard to OpenSea's plans, let me be straight: there is a big gap between considering an IPO.We are not planning an IPO, if we were we would be looking to engage the community。“
There are several reasons why users oppose IPOs, fear of central institutions being one, but also anxieties that deflect community voices aside.
Some people may wonder, how did a Bloomberg article lead to such a misunderstanding? Several Twitter users pointed to the part of the article where Roberts reportedly discussed OpenSea's IPO plans.
Roberts said, "I have seen many operating profit and loss statements, but this is the first time I have seen such a statement." He believes that OpenSea is the beginning of the NFT market, and Roberts began to consider an IPO.
This spark ignited the emotions of the community.However, Roberts has now made it clear that he is considering an IPO, not planning an IPO。
In addition, the CFO's credentials have sparked more community concerns about the IPO.
After all, says OpenSea co-founder and CEO Devin Finzer, "Roberts has had a storied career, most notably in 2014 when he was Lyft's first CFO.He has helped scale and manage the company through hypergrowth and multi-billion earnings. He also led Lyft through its multibillion-dollar initial public offering (IPO)。“
When you see how much is at stake for OpenSea, readers can better understand the sentiment of members of the OpenSea community being misled by IPO rumors.
What’s more, Coinbase is preparing to launch its own NFT marketplace, an event that threatens to strike at the heart of OpenSea’s user base.
In its 2021 NFT Market Report, Chainalysis analyzed, “The original text comes from ambcrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.。”
The original text comes from ambcrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.
