Key Takeaways
- Reddit has posted a job commercial for Senior Backend Engineer, NFT Platform.
- Within the posting, Reddit highlighted the importance of neighborhood in the NFT world.
- A Reddit NFT platform wouldn’t be the firm’s first foray into crypto initiatives, having issued its fill ERC-20 tokens previously.
Reddit, one the most effective likely content material aggregators and social media companies and products, could also quickly be launching a platform for customers to decide on out and promote non-fungible tokens (NFTs). The firm is hiring a backend engineer to kind a trading platform for “NFT-backed digital goods.”
Reddit Job Itemizing Hints at an NFT Marketplace
A job post printed this day on Greenhouse, a favored recruitment platform, appears to be like to verify that Reddit is hiring a senior backend engineer to create and construct backend companies and products for a successfully-organized-scale NFT trading platform. The post made expose of the central role many deem NFTs will play for creators and communities in the longer term. Subsequently, it advertises that it’s miles “looking out out engineers and leaders to again us seed the [NFT] crew.”
In preserving with the job post, the actual person employed as the senior backend engineer will “create, construct and ship backend companies and products for millions of customers to create, bewitch, promote and employ NFT-backed digital goods.”
The NFTs home has skilled parabolic progress in the leisure six months, fueled by an out of this world inquire of for tokenized art, in-recreation objects, and digital collectibles. The continued enhance has precipitated a pair of of the most practical likely crypto corporations, comparable to Coinbase and Binance, to begin their very fill marketplaces facilitating the shopping for and selling of these sources. Now, it appears to be like Reddit could even be planning its fill NFT marketplace.
In preserving with some present estimates, the total quantity of NFT gross sales amounted to about $10.7 billion in Q3 2021. Amidst the frenzy, other NFT marketplaces enjoy considered skyrocketing revenues. The leader on this class is OpenSea, which generates roughly $68 million in income per week, in accordance with crypto analytics provider TokenTerminal.
Notably, that is no longer the essential crypto endeavor for Reddit. The social media firm has previously issued ERC-20 tokens for two subreddit boards previously.
