Brian Roberts has stepped down from his position as CFO at NFT marketplace OpenSea, while fellow executive Ryan Foutty left on the same day.

They are the latest high-profile executive exits from a Web3 company.

Roberts wrote on LinkedIn that it is time for him to “come ashore” after just 11 months in the role.

The former CFO of ridesharing platform Lyft did not give a reason for stepping down, although he will stay on as an advisor.

“Well it is time for me to come ashore from the ‘open seas’,” he wrote. “I’m grateful for the opportunity and proud of many accomplishments but none more than the strength of the finance team at OpenSea. 

“I had the rare opportunity to build a team literally from the ground up and handpicked game changers. I’ve been working closely with [CEO] Devin Finzer and the supremely capable [VP of strategic finance] Justin Jow to ensure a smooth transition, and I will be staying on as an advisor to the company. 

“I remain incredibly bullish on Web3 and especially OpenSea. The company is heads down building and I assure you, the best is yet to come.”

Roberts has also held senior positions at US retail giant Walmart and tech giant Microsoft.

Foutty, VP of business development, left on the same day after 18 months at OpenSea.

The NFT market has seen a downturn in recent months alongside the general slide in cryptocurrency. OpenSea itself cut 20% of its staff in July.

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Crypto prices

The overall market cap of the more than 21,200 coins is at $942 billion at the time of writing (7am UK), down from $971bn on Friday morning.

For round-ups of recent cryptocurrency news developments, click here.

For valuations of the top 100 coins by market cap in US dollars, plus 24-hour price change, see below.