Alex Atallah, Co-Founder of OpenSea, to Retire at the End of July

Alex Atallah, who was one of the co-founders of OpenSea and helped create the largest Non-Fungible Token (NFT) marketplace in the Web3.0 ecosystem, recently made the announcement that he will be stepping down from his role as an active manager at the firm by the end of July.

Atallah, who along with CEO Devin Finzer built OpenSea in 2017, has been a very important part of the progression of the firm, having played a wide range of positions, including roles in the community and marketing, as well as roles in Product development and other related areas.

Atallah has stated that he is optimistic that the executives that the company has onboarded to take over all of the functions that he was directing previous to this time would be able to do so after the deadline that he has set for his final day to be July 30. Attalah reaffirmed that he has faith in new leaders, including Ryan Foutty, who is in charge of business development and partnerships, and Whitney Steele, who is in charge of marketing, amongst others, and he mentioned that while they got off to a good start, he is excited about the plans they have for the future.

Back in March of 2018, OpenSea began operations with over one hundred collections, and the company recorded approximately half a million dollars' worth of transaction activity. According to Blockchain.News, the marketplace currently has millions of collections listed, and as of January of this year, it recorded a monthly trade volume of $3.5 billion Ethereum (ETH).

Despite the fact that OpenSea has experienced its fair share of legal difficulties, the company continues to achieve significant traction in its rate of onboarding new members. This year, at one point, the company embarked on a hiring spree in order to reduce the workload of its overworked engineers. The company was able to increase its worth to $13.3 billion after it successfully raised $300 million earlier this year.

Attalah has affirmed that despite his retirement from the active role in the outfit, he will continue be contributing to the progression of the firm as a member of the board and would do so in spite of his departure from the active role in the outfit. After OpenSea, Attalah has stated that he plans to concentrate on his passion, which is to construct anything from zero to one.

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