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Reddit Working on NFT Platform

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Fri, 10/22/2021 - 16:45
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Alex Dovbnya
The Reddit message board is getting into the NFT market, a new job posting suggests
Reddit Working on NFT Platform
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Online message board Reddit is preparing to develop a platform for non-fungible tokens, according to a new job posting.

The San Francisco-headquartered company is looking for a senior backend engineer who will be responsible for building services that will make it possible for “millions” of users to mint and trade NFTs.

The job description highlights the importance of NFTs, predicting that they are going to “rewrite” the way we think about goods. It highlights a slew of use cases that are linked to the new technology:

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.

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Five years of experience in backend development and the ability to design complex distributed systems are the key qualifications required for the position.

Reddit co-founder Alexis Ohanian is a big fan of Ethereum and NFTs. At the MET Fashion Gala, he even wore a CryptoPunk NFT that he purchased for his wife, Serena Williams.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.