Reddit Seeking Backend Engineer for NFT Platform
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Reddit Seeking Backend Engineer for NFT Platform

THELOGICALINDIAN - The announcement hints at the achievability of Reddits own NFT marketplace

Reddit, one of the better agreeable aggregators and amusing media services, may anon be ablution a belvedere for users to buy and advertise non-fungible tokens (NFTs). The aggregation is hiring a backend architect to advance a trading belvedere for “NFT-backed agenda goods.”

Reddit Job Listing Hints at an NFT Marketplace

A job post appear today on Greenhouse, a accepted application platform, appears to affirm that Reddit is hiring a chief backend architect to architecture and body backend casework for a all-embracing NFT trading platform. The column fabricated agenda of the axial role abounding accept NFTs will comedy for creators and communities in the future. Hence, it advertises that it is “looking for engineers and leaders to advice us berry the [NFT] team.”

According to the job post, the being assassin as the chief backend architect will “design, body and address backend casework for millions of users to create, buy, advertise and use NFT-backed agenda goods.”

The NFTs amplitude has experienced emblematic advance in the aftermost six months, fueled by an absurd appeal for tokenized art, in-game items, and agenda collectibles. The advancing bang has prompted some of the better crypto firms, such as Coinbase and Binance, to barrage their own marketplaces facilitating the affairs and affairs of these assets. Now, it appears Reddit may be planning its own NFT marketplace.

According to some contempo estimates, the absolute aggregate of NFT sales amounted to about $10.7 billion in Q3 2021. Amidst the frenzy, added NFT marketplaces accept apparent skyrocketing revenues. The baton in this class is OpenSea, which generates almost $68 actor in acquirement per week, according to crypto analytics account TokenTerminal.

Notably, this is not the aboriginal crypto endeavor for Reddit. The amusing media close has ahead issued ERC-20 tokens for two subreddit forums in the past.