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2
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· Posted on
February 21, 2024

YOINK: OpenSea pinch Lyft's CFO for the same role as execs look to get into the wacky Web3

OpenSea are an online site where people can buy and sell non-fungible tokens (aka NFTs).

What's the key learning?

  • Lyft's CFO will now join OpenSea in the same role
  • This could signal a growing trend of execs leaving traditional tech companies in favour of the Web3
  • Now, with the metaverse, NFTs, crypto, blockchains (we could go on, but we won't) tech professionals are beginning to eye off jobs in Web 3.0.

Background: OpenSea are an online site where people can buy and sell non-fungible tokens (aka NFTs aka digital collectibles backed by blockchain). It was founded back in 2017, but it's really taken off this year as NFTs hit the mainstream.

What happened: OpenSea is booming. The company raised US$100 million earlier this year, which took it to a US$1.5 billion valuation. And now, it's managed to poach a top exec from Uber's arch nemesis, Lyft.

What else: Lyft's CFO will now join OpenSea in the same role...and it could signal a growing trend of execs leaving traditional tech companies in favour of the Web3.

So what's the key learning?

💡When the world entered the Web 2.0 era, everyone wanted to be a part of it. We saw execs move from industries like investment banking...into new-age tech companies like Facebook and Twitter.

💡Now, with the metaverse, NFTs, crypto, blockchains (we could go on, but we won't) tech professionals are beginning to eye off jobs in Web 3.0.

💡 As Square rebrands to Block...Facebook to Meta...social networks and the Web 2.0 realise they're old news, and the Web 3.0 is where it's at. The only question now, where will the next big-shot exec go?!

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