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Reddit may be preparing to launch its own NFT platform

Social media platform Reddit seems to be hiring employees to help the design, construct, and upkeep of a nonfungible token platform.

According to a Greenhouse job posting, Reddit is looking for a senior backend engineer for a platform chargeable for “millions of users to create, buy, sell and use NFT-backed digital goods.” The place requires at the least 5 years of expertise in backend growth in addition to the flexibility “to design and implement complex distributed systems operating under high load.”

“If there is one thing we’ve noticed with NFTs, they too have an incredible power to create a sense of participation and belonging,” mentioned the job posting.

“With every new NFT project, a vibrant community of owners pops up with it. Fans of today’s biggest creators and brands are now flocking to buy digital goods directly from them — to support them, to gain exclusive access, and to feel a greater sense of connection with them. Over time, we believe this will only grow, and NFTs will play a central role in how fans support their favorite creators and communities.”

Reddit has acted as a medium bringing collectively crypto customers for years, with the platform’s subreddits largely chargeable for pumping costs of tokens together with Dogecoin (DOGE). Users also can earn the platform’s Community Points — digital currency-like tokens within the type of Moons or Bricks — by posting sure content material to earn rewards.

Related: Twitter and TikTok embrace NFTs: Mainstream adoption incoming?

While some crypto exchanges have been slowly launching their own NFT marketplaces, social media platforms have additionally been working to help the expertise, if not create a competitor to OpenSea. Social media big Facebook hinted its Novi pockets would seemingly help NFTs, and Twitter revealed in September it was working in direction of permitting customers to show an NFT as their profile image.

“The NFT movement has only just begun,” mentioned Reddit.

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