Opensea CFO Brian Roberts has resigned from the NFT market but says he still remains an “advisor” to the company.

The former Lyft CFO took to his LinkedIn page on Saturday to reveal your resignation from Opensea. He stated:

“Well, it’s time for me to disembark from the ‘open sea.’ I am grateful for the opportunity and proud of many accomplishments, but none more so than the strength of the OpenSea finance team.”

Brian began his journey as CFO at Opensea last December as the company’s first finance employee and has so far built the finance team from scratch. According to his LinkedIn update, he will stay on as an adviser to the company.

His resignation from the NFT marketplace company comes amid a mass walkout of executives in the cryptocurrency industry.

Not just Brian, but in recent weeks several administrators have been seen leaving their respective cryptocurrency firms.

Earlier this week, the media, The Block, reported that FTX’s head of OTC and institutional sales, Jonathan Cheesman, no longer works at the company.

In September, Brett Harrison, FTX. The President of the United States, announced on Twitter his departure from the cryptocurrency exchange and stated that he would still remain in an advisory capacity.

In the same month, Kraken CEO Jesse Powell also stepped down to make way for the new incoming CEO David Ripley. Bitcoin investment services firm NYDIG CEO Robert Gutmann and Chairman Yan Zhao also resigned from the company last week.

While the reason behind this exodus differs from one another, the notable point is that they all occur amidst extreme market conditions.

The global cryptocurrency market capitalization has dropped more than 60% from its all-time high last November of $2.9 trillion to around $984 billion today, according to data from Coingecko.

Consequently, the trading volumes of the NFT market have also depreciated sharply in recent months. According to data From Dune Analytics, the weekly trading volume of the NFT market has decreased by 98%, from $6.2 billion in January to approximately $100.2 million this week.

Opensea as an NFT marketplace continues to innovate as Brian said the company is “building upside down” and he remains “incredibly bullish on web3 and especially OpenSea”.

On Thursday, the NFT market released a new feature which allows users to list and purchase up to 30 items in a single flow. According to Opensea, this new feature is more convenient and more fuel efficient than buying individually.

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