Tech

Reddit Hints at Launch of NFT Platform With New Job Listing

Reddit seems to be hiring engineers for a blockchain mission, and this might trace at a brand new function the platform is creating. Non-fungible tokens (NFT) are the fad now and social media giants are feeding into the frenzy by launching their very own platforms — with Reddit probably being the most recent of the lot. To this point we have seen Fb and Twitter arrange help for NFTs on their respective platforms, so it isn’t an enormous shock that’s Reddit is trying to fill a brand new position of a backend engineer who’ll be answerable for driving the creation, adoption, and commerce of tokenised items.

In keeping with a Cointelegraph report, a handful of individuals noticed a job itemizing on recruiting platform Greenhouse, the place Reddit posted a requirement for a senior backend engineer for the NFT platform. The corporate is outwardly recruiting folks to affix a staff that can work on a ‘blockchain-based mission’.

To be extra particular, it was acknowledged within the job posting that Reddit needs to rent new staff that can assist “design, construct and ship backend providers for hundreds of thousands of customers to create, purchase, promote and use NFT-backed digital items.” With this, many are satisfied the corporate is working by itself NFT area for getting and promoting non-fungible tokens and different cryptocurrencies.

Different stipulations for the publish that the corporate is trying to fill embrace at the very least 5 years of labor expertise in backend improvement and the aptitude to design and execute advanced distributed techniques working below excessive load.

“If there’s one factor we have observed with NFTs, they too have an unbelievable energy to create a way of participation and belonging,” Reddit wrote within the job publish. “With each new NFT mission, a vibrant group of householders pops up with it. Over time, we consider this can solely develop, and NFTs will play a central position in how followers help their favorite creators and communities.”

If Reddit does go on to launch an NFT platform, it’s rumoured to turn out to be considered one of OpenSea NFT market’s rivals — at the moment among the many greatest NFT marketplaces right this moment. As extra social media corporations get into the enterprise, OpenSea’s dominance is anticipated to loosen. It could be early days for a stiff competitor to indicate up, however based mostly on what’s acknowledged within the job advert, it seems that Reddit, for one, is unquestionably decided to leap aboard the NFT hype prepare early.


Curious about cryptocurrency? We talk about all issues crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Devices 360 podcast. Orbital is offered on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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