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Home Crypto News Market Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

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Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods.



Reddit is preparing to develop a platform for non-fungible tokens, according to a new job posting.

The San Francisco-based company is looking for a Senior Backend Engineer who will be responsible for the building services that will enable “millions” of users to create and trade NFTs.

The post for a senior backend engineer says:

“We are looking for strong engineers and leaders to help us seed the team, set its strategy, and build for the future. If you ask us, the NFT movement has only just begun, so come and join our team to get started.”

 

The job description highlights the importance of NFTs, predicting that they will “rewrite” the way we think about digital goods. It highlights several use cases related to the new technology:

“Just as cryptocurrencies are set to revolutionize the world of economics and finance, NFTs are going to rewrite how we think about digital goods.

Beyond visual art, there are already NFTs for music, videos, articles, and even memes. Many believe that NFTs will become the standard for items in online games, as well as items in the eventual metaverse.

If there is one thing we’ve noticed with NFTs, they too have an incredible power to create a sense of participation and belonging. With every new NFT project, a vibrant community of owners pops up with it. Fans of today’s biggest creators and brands are now flocking to buy digital goods directly from them — to support them, to gain exclusive access, and to feel a greater sense of connection with them.”

Reddit’s first entry into NFTs was in June this year when Reddit auctioned off three “CryptoSnoos”. CryptoSnoo owners can use it as their profile picture and make their comments shine when using Reddit

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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