The world’s top NFT marketplace OpenSea has denied it intends to pursue a public listing any time soon.
CFO Brian Roberts ignited a public backlash this week when he stated 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.
Users also seemed annoyed that a share market listing would put paid to rumors the platform was planning to airdrop governance tokens to longstanding community members in a similar fashion to Uniswap.
But Roberts apparently sees the whole thing as a misunderstanding and he blamed “inaccurate reporting on Opensea’s plans” regarding going public.
Whether governed by the community or listed on the stock market, the NFT marketplace is hot property, recording $2 billion 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.
