OpenSea Co-Founder Alex Atallah Resigns To “Focus On New Ventures”


Alex Atallah, OpenSea’s co-founder, formally introduced his resignation on Twitter. In keeping with Atallah, he’ll resign in August to “concentrate on new ventures.” Regardless of the resignation, Alex Atallah confirmed that he nonetheless desires to stay on OpenSea’s board to advise the staff and function the platform’s ambassador.

alex atallah opensea
OpenSea’s co-founder Alex Atallah is searching for new alternatives away from OpenSea.

Why is the co-founder resigning?

When OpenSea was nonetheless a brand new firm, Alex Atallah was juggling many roles, together with advertising and marketing group assist and enterprise growth. Nevertheless, after the NFT increase in 2021, the platform grew to become the world’s go-to NFT market.

Because of this, the corporate started searching for different individuals to fulfil newly created management roles. When Nadav Hollander was appointed CTO and Marko Iskander grew to become the brand new VP of Engineering, Atallah was relieved of a lot of his earlier duties.

Alex Atallah’s assertion

In a blog post, titled “New Beginnings”, Alex Atallah mentions: “My final day can be July 30, and I’ll stay on the board. I’m extra excited than ever about OpenSea’s alternative, course, and the management staff at its helm. With an amazing basis in place, I really feel prepared to show my consideration again to my main ardour: constructing one thing from zero to 1.”

“OpenSea will at all times be part of me. I couldn’t probably cease enthusiastic about the thrilling issues we clear up daily, even when I attempted. Devin has performed an unbelievable job stewarding OpenSea to heights we by no means predicted. And now that we’ve all of you, I do know I can enterprise on – with full confidence that you just’ll proceed constructing and rising OpenSea in the appropriate course.”

After a well-deserved sabbatical month, Alex Atallah hopes to begin new ventures. He additionally talked about that he’ll return to crypto and construct new issues within the sector.

Alex Atallah’s resignation comes after a sequence of OpenSea scandals. On the finish of June, many OpenSea customers fell victim to data breaches. This pressured the NFT market to ship emails to customers and inform them of what occurred.

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