Reddit to reveal its own NFT platform

  • Reddit looking out for employees to help with the design, development, and management of a nonfungible token (NFT) platform
  • Twitter and Facebook, among other social media companies, have been attempting to encourage NFTs, if not build a competitor to big markets
  • The job offer stated, if there’s one thing we’ve observed with NFTs, they, too, have an unbelievable potential to engender a sense of engagement and belonging

Among other social media companies, Twitter and Facebook have been attempting to encourage NFTs, if not build a competitor to big markets. Reddit looking out for employees to help with the design, development, and management of a nonfungible token (NFT) platform. According to a Greenhouse job offering, Reddit is seeking a senior backend engineer for a platform that allows millions of users to develop, purchase, trade, and utilize NFT-backed digital items. At least five years of backend development expertise is required, as well as the ability to create and construct sophisticated distributed systems running under heavy stress.

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The job offer stated, if there’s one thing we’ve observed with NFTs, they, too, have an unbelievable potential to engender a sense of engagement and belonging. With each new NFT project, a thriving community of owners emerges. Fans of today’s most popular creators and businesses are flocking to buy digital items directly from them in order to support them, obtain unique access, and feel more connected to them. We anticipate that this trend will continue and that NFTs will play an increasingly important part in how people support their favorite creators and communities.

For years, Reddit has served as a forum for bringing crypto users together, with the network’s subreddits significantly responsible for driving up the value of currencies such as Dogecoin. Community Points, digital currency-like tokens in the shape of Moons or Bricks, may also be earned by uploading specific content to receive prizes.

While several cryptocurrency exchanges have been progressively creating their own NFT markets, social media networks have been attempting to support the technology, if not compete with OpenSea. Facebook said that its Novi wallet will likely handle NFTs, while Twitter said in September that the company was working on making it possible for users to use an NFT as their profile image. The NFT movement is only getting started, Reddit remarked.

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Steve Anderrsonhttp://www.thecoinrepublic.com
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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