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Reddit is ready to enter the NFT market

NFT Market


Reddit is looking for a Senior Backend Engineer, for an NFT platform

The job ad

This is revealed in a recently published job ad in which the San Francisco-based company writes: 

“Our team is a new and exciting, rapidly growing team that aims to build the largest creator economy on the internet, powered by independent creators, digital goods, and NFTs. We are looking for strong engineers and leaders to help us seed the team, set its strategy, and build for the future. If you ask us, the NFT movement has only just begun, so come and join our team to get started”.

Reddit: “NFTs an explosive movement”

Reddit calls NFTs “the newest, most explosive movement in the world of cryptoas it makes it possible to own digital assets in a way that simply wasn’t possible before. 

They cite the art and collectibles market, and claim that NFTs are set to revolutionize the world of economics and finance just as cryptocurrencies are already doing, as they will rewrite the way we think about digital assets. 

They also add that they can be used in other markets, such as music, video, and even memes, as well as stating that they could become the standard for digital games and metaverse objects.

The announcement states that Reddit’s platform is used by over 430 million people monthly, and that NFTs will also play a central role in how fans support their favourite creators and communities.

NFT market and Reddit

Job requirements

The candidate will be expected to design and build backend services for millions of users to create, buy, sell and use digital assets supported by NFTs, and should already have at least 5 years of experience in backend development.

The fact that the ad explicitly says that the candidate will also need to have an “entrepreneurial spirit”, given that everyone on the Reddit team must act like a startup CEO, really suggests that the company wants to jump into the NFT market. The ad explicitly says that the candidate will not be required to have any experience with cryptocurrencies and NFTs. 

The company does not seem to be interested in hiring a technician to produce NFTs, but someone to develop a platform probably intended for some sort of internal NFT market. 

On the other hand, the NFT market is growing rapidly, and can in fact be a great opportunity for technology companies that already have a large user base, such as Reddit. 






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