Reddit may be preparing to launch its own NFT platform

Social media platform Reddit appears to be hiring workers to support the design, build, and maintenance of a non-fungible token platform....



Social media platform Reddit appears to be hiring workers to support the design, build, and maintenance of a non-fungible token platform.

According to a job posting from Greenhouse, Reddit is looking at for a senior backend engineer for a platform responsible for “millions of users to create, buy, sell and use digital assets supported by NFT”. The role requires at least five years of experience in backend development as well as the ability to “design and implement complex distributed systems operating under high load”.

“If there’s one thing we’ve noticed with NFTs, they also have incredible power in creating a sense of participation and belonging,” the job posting said.

“With each new NFT project, a dynamic community of owners appears with it. Fans of today’s biggest designers and brands are now flocking to buy digital products directly from them – to support them, to gain exclusive access, and to feel a greater sense of connection with them. Over time, we believe this will only grow and NFTs will play a pivotal role in how fans support their favorite creators and communities. “

Reddit has acted as a medium bringing crypto users together for years, with the platform’s subtitles largely responsible for token pumping price including Dogecoin (DOGE). Users can also earn platform Community Points – digital currency type tokens in the form of moons or bricks – by posting certain content to earn rewards.

Related: Twitter and TikTok Embrace NFTs: Is Mainstream Adoption Coming?

While some crypto exchanges have slowly launched their own NFT marketplaces, social media platforms have also worked to support the technology, if not create a competitor to OpenSea. The social media giant Facebook hinted at his Novi wallet would likely support NFTs, and Twitter revealed in September that it was working to allow users to display an NFT as a profile picture.

“The NFT movement is just beginning,” Reddit said.