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Reddit is looking to launch an NFT platform

Updated: Jul 25, 2024
Published: Oct 22, 2021
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According to a new job posting online message board, Reddit is preparing to develop a platform for non-fungible tokens.

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Reddit is looking to hire a back-end engineer

The San Francisco-based company is looking for a senior back-end engineer who will be responsible for building services that allow "millions" of users to mint and trade NFTs. The job description highlights the importance of NFTs and predicts that they will "rewrite" the way we think about goods.

The job description also identifies several use cases for non-fungible tokens. It says, "Beyond visual art, there are already NFTs for music, videos, articles, and even memes. Many believe NFTs will become the standard for items in online games as well as items in the eventual metaverse." Five years of back-end development experience and the ability to design complex distributed systems are critical skills required for this position.

The company had launched its own collectibles in June

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 bought for his wife, Serena Williams. Due to his interest in NFTs, the company launched its own NFT collectibles under the Reddit brand in June, offering a total of four digital avatars inspired by Snoo's alien mascot. Users were able to trade these NFTs through the OpenSea marketplace, and they have approximately $1.85 million in trading volume to date.

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