OpenSea, one of the most prominent NFT marketplaces, is experiencing a significant downturn in its business due to several factors, including the low number of transactions in the sector.
Over the past few months, some top employees have left the firm to work elsewhere as the firm's problems continued to mount.
Since their departure, they have taken jobs at other well-known companies, as evidenced by their LinkedIn pages. For example, Rajaraman is currently working at Uber. Fine joined the growth and product partnerships department at OpenAI. Jow has taken a job at Scale AI. Kreuzkamp works at Tools for Humanity, the company behind the iris-scanning crypto project Worldcoin.
In addition to these four people, one of OpenSea's engineers, 0age, has left the NFT trading platform to join Uniswap, an Ethereum-based decentralized exchange.
This significant downsizing and other issues make the future of the once-giant NFT marketplace uncertain, raising concerns about its long-term viability.